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.
Kim (Saturday, 13 April 2019)
can anyone send me the Source Code of this Indicator? so I can encode the Alert because its only showing Signal "UP" or "DOWN" so I can trade more easily with this wondeful Indicator.
My Email: ForexPredictorTeam@gmail.com
Chosen (Tuesday, 01 March 2016 01:09)
I agree with Ositadinma, it needs to say which pair when it alerts...
Ositadinma (Monday, 15 February 2016 17:56)
Can I please have the source code of the rsi and Bollinger band strategy sent to my email? Pechosossy@Gmail.com
Ositadinma (Monday, 15 February 2016 15:19)
This is a lovely lovely system, but I love for the alert to display the currency pair it was created in. The alert just shows "signal up" or "signal down" without regard to the currency pair. If the currency pair can be added to the alert, it would be extremely helpful since I trade multiple currency pairs at once and I would not like to wait all day for signals to come. If possible you can just make the source code available so that I can add the currency pair to the alert. Thank you very much for this great system.
Lukas (Tuesday, 06 January 2015 23:24)
It seems like a great system and if you do a backtesting it looks very profitable however in life trading it gives you many false signals which dissappear lately. Yet it is a very good helper if you combine it with trendlines etc.