42# RSI and Stochastic Binary Options Strategy
RSI and Stochastic Oscillator Binary Options Strategy multi time frame High/Low
Submit by FreddyFX 17/01/2014
RSI and Stochastic Oscillator Binary Options Strategy multi time frame High/Low is a trend momentum trading system.
Markets:Forex (EUR/USD, USD/JPY, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY,
Indicies (S&P 500, Nasdaq, DAX, FTSE), Metals (Gold and Silver).
Time Frame 15min and 1 min.
Expires time 10 min max 15 min.
Open 15 minute candlestick chart, add the following indicators:
RSI (4 period, levels 25 an 75).
Stochastic (with the default settings of 5,3,3)
Open also 1 minte chart with the same indicators.
Rules for RSI and Stochastic Binary Options Strategy
trade only in the direction of the trend-momentum.
On the 15 min chart the RSI closing below 25 level
open the 1 minute chart and look at the stochastic indicator if it's crossing upward, place your trade and buy call option.
On the 15 min chart the RSI closing above 75 level
open the 1 minute chart and look at the stochastic indicator if it's crossing downward, place your trade and buy put option.
This strategy is also good for scalping in the forex market on major.
Target price 7-10 pips depends by currency pair or the Fibonacci levels.
Initial stop loss 15 pips.
See example in the picture