233# Stochastic RSI with Heiken Aschi Strategy
Stochastic RSI Trading
Trading trend-momentum with Heiken Aschi
Submit by Lory
Stochastic RSI with Heiken Aschi Strategy is a trading system trend-momentum for intraday and swing trading, but this method is also suitable for trading with Binary Options high/low.
Currency pairs: eur/usd, Gbp/Usd, Chf/Usd, Usd/Cad, Aud/Usd, Us/Jpy, Eur/Jpy, Nzd/Usd, Eur/Gbp, Eur/Aud, Aud/Cad.
Time Frame 5 min or higher.
Expiry time 2 candles.
Indicators setting:
Bollinger Bands (20, 2.0),
Exponential moving average 8 period close.
Stochasti RSI oscillator 14 period.
Stochastic RSI with Heiken Aschi Strategy trading rules
Buy
We are waiting for the Heineken Ashi candle to close above the EMA,
Stochastic is bove line of RSI.
Stop loss on 5 pips or more below the entry bar depends by time frame.
Profit ratio stop loss 1:1.
Sell
We are waiting for the Heineken Ashi candle to close below the EMA,
Stochastic is below line of RSI.
Stop loss on 5 pips or more above the entry bar depends by time frame.
Profit ratio stop loss 1:1.
In the pictures Stochastic RSI with Heiken Aschi Strategy.
Share your opinion, can help eveyone to understand the forex strategy.
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