161# RSI Extreme System
RSI Extreme with Zee Zee I and TMA Bands channel
Submit by Roland 11/10/2015
RSI Extreme System is a price action trend-reversal system for intraday trading.
This system can also be applied to trading with binary options high/low.
The main feature of this system is to enter the market, on the extreme highs of the indicators in use: RSI, TMA Bands and Zee Zee I.
Time Frame 5min 15 min o 30 min.
Financial markets: any.
Expiry time for binary options (4- 6 candles).
time frame 5 min expiry time 6-8 candles,
time frame 15 min expiry time 5 candles,
time frame 30 min expiry time 4 candles.
Metatrader Indicators:
Zee Zee I. ( 34 period);
TMA Bands ( Upper and Lower);
RSI Extreme (setting time frame 5 min 21 period , time frame 15 min 14 period, time frame 30 min 11 period).
Remember to change the setting of RSI, when changes timeframe !!!
The default template is for 5 min.
Trading rules RSI Extreme System
Buy
The arrow buy of the RSI extreme in a lower bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in oversold area with blue line.
Sell
The arrow sell of the RSI extreme in a upper bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in overbougth area with red line.
Note only for 5 min time frame the price must close after the black band.
Exit position
Make profit at the middle band or with predefined profit target with ratio stop loss 1:13. Place initial stop loss 5 pips above/below the bands.
Expect a relationship win / loss> 62%.
In the pictures RSI Extreme System in action.
Write a comment
kwsk (Wednesday, 14 October 2015 12:53)
Where can I get TMA Bands.ex4
Tobias (Monday, 09 November 2015 23:25)
My band looks really different! Only one line in the mid, on the top and bottom...
Greg (Tuesday, 15 December 2015 14:33)
If you modify the Price Border indicator (ATR+3.4) you then get the Price Border lines in the same place as the black ones on this page (you don't need all of them only the black which is one of the rules to apply). Was able to go back on the 30M TF and play with the border till I got it in the same place as on the charts supplied here.
Hope it helps
Greg
abbasovski (Wednesday, 23 December 2015 21:14)
THE GREAT SYSTEM . very nice strategy . thanks very much .