158# Price channel with MACD RSI

Submit by Tiko 03/10/2015

Price channel with MACD RSI is an scalping and intraday strategy that is good also for binary options High/Low. This is a trading system trend-momentum for trading reversal or trending.

Time Frame 1 min or higher.

Financial Markets: any.

Expiry time for binary options high/low 4-6 candles.

For scalping and intraday trading sessions time are London and New york.

Indicators and setting

Bollinger bands (40; 2.5);

Moving Average ( 3 period, close);

MACD RSI arrow ( 12,26, 9, RSI 5 period);

Price channel oscillator mtf ( setting next time frame, example if you trade at the TF 1 min setting Price channel tf 5 min) in the same window thre is also the stochastic (14, 4, 4, close).

Buy

When the price broken the lower band of the Bollinger Bands wait the arrow buy of the MACD-RSI.

Optional: entry if the stochastic has crossed upward the lower channel of the Price channel.

Sell

When the price broken the upper band of the Bollinger Bands wait the arrow sell of the MACD-RSI.

Optional: entry if the stochastic has crossed downward the upper channel of the Price channel.

Exit position

With predetermined profit target that depends by time frame or make profit at the middle band of the BB. Place initial stop loss 5 pips below / above the bands.

This strategy is very simple and clean, aspect ratio win/loss 65/72 %.

This method is only for scalping or intraday trading (no Binary Options).

(best time frame for this is 5 min).

Buy

When Ema 3 ha crossed up the middle band of BB wait the arrow buy of MACD-RSI.

Sell

When Ema 3 ha crossed up the middle band of BB wait the arrow sell of MACD-RSI.

Exit at the oppsite arrow, at the upper or lower bands or with predetermined profit target that depends by time frame.

Not enter the before economic news or on bars very large ..

Share your opinion, can help everyone to understand the forex strategy

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