Binary Bands RSI trading strategy for binary options and intraday trading
Binary Bands RSI Trading Strategy optimized for binary optionsIt is also suitable for intraday trading. The strategy is based on the search for price reversal points to open positions with additional filtering of trading signals.
Input parameters
- Currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, EUR/GBP
- Timeframe: M15 and M30
- Expiration time of binary options: 3 candles
- Trading times: London, New York
- Risk management: choose such a volume of option, so that the risk was not more than 2-5% of the deposit per trade
Used indicators
- EMA (7, close)
- EMA (7, open)
- Bollinger Bands (21, deviation 2.0)
- Bollinger Bands (21, deviation 2.1)
- Connors RSI emod (3, 2, 30, 70).
- VZO ma line (VZO 3, Ma line 12)
Setting indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the folder MQL4 -> indicators
- Copy the templates into the templates folder
- Restarting the terminal
- Open the chart of the desired currency pair
- Set the template with the name Binary Bands RSI
The schedule should look like this:
Signals indicating the purchase of a Call option
- The price has pushed away from the lower boundary of the channel or broken it from the bottom up;
- The EMA of blue has crossed the EMA of red from bottom to top;
- The Connors RSI indicator lines are above the VZO MA line.
Signals indicating the purchase of a Put option
- The price has pushed away from the upper boundary of the channel or broken it from the top down;
- The EMA of blue has crossed the EMA of red from top to bottom;
- The Connors RSI indicator lines are below the VZO MA line.
Setting a Stop Loss and Take Profit Order for Intraday Trading
- stop loss is set at a distance of 15-25 points from the opening price;
- Take Profit is set at a ratio of 1:1 with Take Profit or at the midline of the channel. Alternatively, it is possible to close the position at the opposite crossing of the EMA moving averages.
Before using Binary Bands RSI trading strategy for binary options and intraday trading on a real deposit, we recommend that you test it on a demo account.
Download Binary Bands RSI Strategy Template and Indicators
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