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221# FQ Head Fake Binary Strategy

FQ Head Fake with RSI

Oversold Overbought trading system

Submit bt Charlie 2017

 

 

FQ Head Fake Binary Strategy is a momentum strategy based on FQ Head Fake and RSI indicators. When the RSI is in oversold/overbought check if there is signals of FQ Head Fake indicator.

Time Frame 5 min or higher.

Currency pairs: majors.

Expiry time 1-3 candles.

Martingale with multiplier 1.5 min and 2.0 max.

example multiplier 2.0 progression: 1 – 2- 4 – 8 -16 – 32 – 64 -128 -256.

This trading system is also good for fast scalping without binary option.

 

Metatrader Indicators

RSI period 7 with levels 15 and 85.

FQ Head Fake indicator.

 

Trading rules FQ Head Fake Binary Strategy

Call or Buy

RSI is below 15 level.

FQ Head Fake buy arrow.

 

 

Put or Sell

RSI is above 85 level.

FQ Head Fake sell arrow.

 

For scalping is recommend time frame 15 min, 30 min or 60 min.

Profit target 5-12 pips depends by pairs and time frame.

 

Stop loss 10 -15 pips. Martingale multiplier 2.0.

In the pictures FQ Head Fake Binary Strategy in action.

FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy

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

Comments: 1
  • #1

    Admin (Thursday, 10 August 2017 11:52)

    I do not recommend martingale with this strategy.
    If you want to apply it to max multiplier 1.6.

FQ Head Fake Binary Strategy
FQ Head Fake Binary Strategy
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