88# RSI with Bollinger Bands Binary system
Martingale Binary Options High/Low Strategy
Submit by Ludovico 19/10/2014
RSI with Bollinger Bands is binary options high/low trading system based on the volatility. The money managemet is with martingala.
Time frame 30min- 1H
Expiry time 2 candles
Markets: Forex currency pairs majors: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, EUR/JPY, USD/JPY, AUD/JPY
Indicators
RSI 14 period, with 30 and 70 levels);
Bollinger Bands (20, 2);
Rules for RSI with Bollinger Bands Binary system
Do not start before the economic news
We wait for the price to eitherhit the lower bollinger band or the upper bollinger band and the moment this happens we take the trade immediatly.
Buy Put
If the price touches the lower Bollinger band we and RSI is below the 30 we take a put.
Buy Call
If the price touches the upper Bollinger band we and RSI is above the 70 we take a call.
Martigale money management
Minimum accout for this strategy 700$
first trade 10$,
second trade 20$,
third trade 50$,
four trade 50 $,
fifth trade 300$.
Strategies based on martingale always increases the adrenaline, traders, calm !!
In the pictures RSI with Bollinger Bands
Share your opinion, can help everyone to understand the forex strategy
Alex (Friday, 18 November 2016 23:40)
Thit is great strategy. Thank you Ludovico.
As for me, I`d reccomend to do the following: as soon as candle touches upper or lower band and RSI hits its zones (70 or 30) - PUT (BUY) by the end of the 2-nd candle. That is, the best expiration in this case - till the end of current hour, using the 30 minutes timeframe. I`ve got 2 reasons for that: 1) almost each broker has this expiration; 2) 30 minutes is not as noisy as lower timeframes.
As to martingale - its up to you. I prefere to trade in a more conservative way - without stresses :-)))