RSI And Stochastic Binary Options Trading Strategy
The RSI and Stochastic Oscillator Binary Options Strategy is a trend momentum trading system. This strategy works on major currency pairs for forex. It can also be applied to all indices commodities and futures. This is applicable to a 15-minute and 1-minute timeframe. The expiry time for this is 10 minutes to 15 minutes. This binary options strategy is a trend following system, so, you need to trade in the direction of the trend.
Metatrader Indicators:
- RSI (4 period, levels 25 an 75).
- Stochastic (with the default settings of 5,3,3)
- Fibonacci indicator.
Call Entry:
- On the 15 min chart the RSI closing below 25 level
- Open the 1-minute chart and look at the stochastic indicator if it’s crossing upward.
- Place a “CALL” option.
Put Entry:
- On the 15 min chart the RSI closing above 75 level
- Open the 1-minute chart and look at the stochastic indicator if it’s crossing downward.
- Place a “PUT” option.
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