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.
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.
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