197# Connors RSI Trading

RSI with Bollinger Bands Scalping

RSI and Bollinger Bands for binary trading

Submit by Freddy Fx

 

Connors RSI is a template based on RSI Index and modified bollinger bands for scalping and trading with binary options high/low. This is a reversal trend strategy.

Time frame 5 min.

Currency pairs:majors.

 

Binary Options high/low expiry time 2-3 candles o 3 min.

Metatrader 4 Indicators

ACBB period 20 deviations 2.5.

Simple moving average 12 period.

RSI connors period 3 buy alert 15 sell alert 85

 

Binary trading

Trading session: London and New York.

 

Buy

When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.

 

Sell

When appears the ACBB sell arrow wait the sell arrow of the RSI Connors.

 

For money managemet you can apply the martingala.

 

Scalping trading

Trades only in the direction of ACBB arrow.

Trading in the same direction to increase by one unit each subsequent trade without stop loss or with martingala with stop loss.

Martingala sequence-range ( 1.5 min – 2.0 Max).

Check always the impact news.

 

Buy

When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.

Exit at the opposite arrow or at the midlle line of the Bollinger Bands.

Place initial stop loss below the lower band

 

Sell

When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.

Exit at the opposite arrow or at the midlle line of the Bollinger Bands.

 

Place initial stop loss above the upper band.

In the pictures Connors RSI Trading in action.

Connors RSI Trading Binary
Connors RSI Trading Binary
Connors RSI Trading Binary
Connors RSI Trading Binary
Connors RSI Scalping
Connors RSI Scalping
Connors RSI Scalping
Connors RSI Scalping

Share your opinion, can help everyone to understand the forex strategy.

Comments: 3
  • #3

    Lopez (Tuesday, 18 April 2017 00:52)

    Has anyone tested this strategy for scalping?

  • #2

    Wendell (Tuesday, 18 April 2017 00:27)

    What is the function of moving average?

  • #1

    Jones (Monday, 17 April 2017 22:04)

    I have add a target profit 8-10 pips.
    Thanks for share.

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