186# New Viper System
Viper trading
Submit by Dimitry 16/04/2016
New Viper System is a strategy based on i-regression channel and WPR Fast filtered by RSI. This strategy is also for trading with binary options high/low and has un good ratio win/loss.
Time frame 5 min or higher.
Financial market: any.
Expiry time for binary options high/low 6 candles.
Metatrader indicators:
Extreme binary robot channel ( setting imortant: period: 200, regression degree 4, dev 1, 1,27, Dev 2 1,618, dev 3 2,61),
RSI ( 6 period with level 75 and 25),
WPRSI signal ( period 27) dn filter 10, up filter 10.
Trading rules New Viper System
Long or call
WPRSI buy arrow
The price in the previous candles touched the oversold area of the channel.
The price in the previous candles touched the oversold area (this RSI condition can be optional).
The verification of a positive divergence of the RSI is a good confirmation of the buy arrow of WPRSI signal.
Short or put
WPRSI sell arrow
The price in the previous candles touched the overbought area of the channel.
The price in the previous candles touched the overbought area (this RSI condition can be optional).
The verification of a negative divergence of the RSI is a good confirmation of the sell arrow of WPRSI signal.
Exit position with ratio 1.3 stop loss or when the price touches the opposite channel.
Note:WPRSI fast is a good signal that do not repaint.
In the pictures New Viper System in action.
Share your opinion, can help everyone to understand the forex strategy
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