197# Connors RSI Trading
RSI with Bollinger Bands Scalping
RSI and Bollinger Bands for binary trading
Submit by Freddy Fx
Connors RSI is a template based on RSI Index and modified bollinger bands for scalping and trading with binary options high/low. This is a reversal trend strategy.
Time frame 5 min.
Currency pairs:majors.
Binary Options high/low expiry time 2-3 candles o 3 min.
Metatrader 4 Indicators
ACBB period 20 deviations 2.5.
Simple moving average 12 period.
RSI connors period 3 buy alert 15 sell alert 85
Binary trading
Trading session: London and New York.
Buy
When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.
Sell
When appears the ACBB sell arrow wait the sell arrow of the RSI Connors.
For money managemet you can apply the martingala.
Scalping trading
Trades only in the direction of ACBB arrow.
Trading in the same direction to increase by one unit each subsequent trade without stop loss or with martingala with stop loss.
Martingala sequence-range ( 1.5 min – 2.0 Max).
Check always the impact news.
Buy
When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.
Exit at the opposite arrow or at the midlle line of the Bollinger Bands.
Place initial stop loss below the lower band
Sell
When appears the ACBB buy arrow wait the buy arrow of the RSI Connors.
Exit at the opposite arrow or at the midlle line of the Bollinger Bands.
Place initial stop loss above the upper band.
In the pictures Connors RSI Trading in action.
Share your opinion, can help everyone to understand the forex strategy.
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hyhy (Friday, 31 August 2018 18:30)
tnks test thí strategy
Mike (Sunday, 29 April 2018 00:17)
For MT5 you have to convert the indicators, if you are not able to convert, there are many paid services that deal with this. MT4 is the best free forex platform there are free resources that has no one. MT5 pay.
Raik (Saturday, 28 April 2018 23:24)
Nice template Freddy i love it. Is there a possibility to share the same executable for Metatrader 5?
Thank you anyways.
Lopez (Tuesday, 18 April 2017 00:52)
Has anyone tested this strategy for scalping?
Wendell (Tuesday, 18 April 2017 00:27)
What is the function of moving average?
Jones (Monday, 17 April 2017 22:04)
I have add a target profit 8-10 pips.
Thanks for share.