88# RSI with Bollinger Bands Binary system.
RSI with Bollinger Bands is binary options high/low trading system based on the volatility. The money managemet is with martingala.
Time frame 30min- 1H.
Expiry time 2 candles.
Markets: Forex currency pairs majors: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, EUR/JPY, USD/JPY, AUD/JPY.
RSI 14 period, with 30 and 70 levels);
Bollinger Bands (20, 2);
Rules for RSI with Bollinger Bands Binary system.
Do not start before the economic news.
We wait for the price to eitherhit the lower bollinger band or the upper bollinger band and the moment this happens we take the trade immediatly.
If the price touches the lower Bollinger band we and RSI is below the 30 we take a put.
If the price touches the upper Bollinger band we and RSI is above the 70 we take a call.
Martigale money management.
Minimum accout for this strategy 700$
second trade 20$,
fifth trade 300$.
Strategies based on martingale always increases the adrenaline, traders, calm !!
In the pictures RSI with Bollinger Bands.
Share your opinion, can help everyone to understand the forex strategy.
#1.
Alex ( Friday, 18 November 2016 23:40 )
Thit is great strategy. Thank you Ludovico. As for me, I`d reccomend to do the following: as soon as candle touches upper or lower band and RSI hits its zones (70 or 30) - PUT (BUY) by the end of the 2-nd candle. That is, the best expiration in this case - till the end of current hour, using the 30 minutes timeframe. I`ve got 2 reasons for that: 1) almost each broker has this expiration; 2) 30 minutes is not as noisy as lower timeframes. As to martingale - its up to you. I prefere to trade in a more conservative way - without stresses :-)))