105# RSI Bollinger Bands Binary System
RSI Bollinger Bands reversal trading system binary high/low
Submit by Maximo Trader 04/01/2015
RSI Bollinger Bands Binary System high/Low is a simple trading system based on indicator buid with RSI and Bollinger Bands.
Markets: Currency Pairs , Index and Commodities.
Time Frame 15 min or higher.
Expiry time three candles.
How is buid the indicators?
RSI (Relative Strength Index) 14 period ( half length 12 period).
Bollinger Bands ( 100 period, Deviation 1.5)
Alert on the chart true.
RSI Bollinger Bands Binary System
When the arrow up appears buy call at opening of the next bar.
When the arrow down appears buy put at opening of the next bar.
Note: entry position only at the first arrow.
Advantage of this strategy is a good profitability and this tradign system is very simple for the trade.
Disavantage, the signals are not frequent.
Tips:To trade the time frame of 15 min open 6 graphics of currency pairs or index unrelated.
RSI Bollinger Bands Binary System is also good for scalping without binary options.
Currency pairs: Majors and Index.
At the 15 min time frame:
exit position with 8-12 pips profit target and place initial stop loss at the previous swing. After 6-7 pips in gain move stop loss at -2 pips from entry position.
In the pictures RSI Bollinger Bands Binary System in action.