15 Min Rsi 4 Binary Options System

When I starting time attempted to create my own strategy my goal was to develop a system that could eliminate doubts and indecision out of the equation. I needed confirmation, a solid strategy with simple rules that could be followed and traded mechanically. Today, with months of preparation, I have the skills to fully do good from the cracking trading opportunities it offers. If you are a newbie, yous tin can follow the rules and trade this strategy mechanically until you larn the skills necessary to understand the reasons behind the rules. One time you lot’ve reached that state you will also be able to take complete reward of my strategy. Hence I tin can recommend this strategy to both newbies and more than experienced traders!

Okane’due south 15-30 Minute Strategy
 MT4 Setup

Downloads available at the bottom of the page

1. Add iii exponential moving averages with the following periods:
200 and 50. 21 is helpful but information technology’southward optional.
2. Add (v, 3, three) Stochastic Oscillator with the following levels: fourscore and twenty.
3. Add RSI with value iv and the following levels: 75 and 25.
four. Add FiboPiv_v2

Few words nigh the FiboPiv:

This is an indicator that calculates and draws Southward/R-lines on your chart. The accuracy of these lines are very loftier. I advise newbie traders to non trade most these lines until they understand price action well, specially the pivot-line. Sometimes toll is in indecision around the pin-line, which means you can’t identify a clear trend. After you understand how price reacts virtually important Southward/R-lines yous can use them to your reward. Yous can learn almost the PivotCalc here.

How does this Strategy Work?

Starting time you need to confirm the direction of the trend. The moving averages are the very useful tools for this task. To identify a trend get to the 15-minute chart and encounter if the candlesticks are under or above the 200-EMA AND the 50-EMA. To make sure the trend is not in a state of consolidation or about to change direction it’s important to identify previous highs and lows. To locate these highs and lows simply marker the areas where stochastic oscillator showed overbought/oversold levels. Check to see if price is stepping down and is under the 200 and l-EMA, if that is the instance wait for lower highs and lower lows. If price is stepping upward it should be creating higher highs and higher lows above the 200 and l-EMA. The goal is to notice these “steps” or small retracements inside the trend.

-For Call options:
enter at college lows, candlesticks should exist to a higher place the 200 and l-EMA and oversold levels on both Stochastic and RSI


-For Put options:
enter at lower highs, candlesticks should be nether the 200 and 50-EMA and overbought levels on both Stochastic and RIS

Here is an case of a 15-infinitesimal nautical chart of USD/JPY:

The two vertical carmine lines testify the lower highs at overbought areas on the 15-infinitesimal chart. Discover that these two highs are too under the 200 and the 50EMA. These are good locations for Put-Options.

You lot tin can actually find two more Put opportunities if you look carefully. Notice that the distance between the 50 and 21-EMA is condign narrower on the right side in the picture and Doji-candles are forming. This is non a adept place for Put-options even though Stochastic and RSI are overbought.

How to pick an entry after you have confirmed the trend direction?

Depending on whether yous are a newbie or an experienced trader the arroyo differs.

Method 1:

First approach is for the newbies who want to trade this mechanically until they become skilled. In the case above let’southward pretend y’all are but seeing the candles form a lower high, look at the 2d vertical red line from left. Stochastic and RSI are nearly to bear upon overbought levels. You must let the electric current bullish fifteen-minute candle to end and confirm that the retracement is over. In order to confirm the bullish move is over, change to the 5-minute nautical chart and run across if a five-minute bearish candle forms.

Case of a Put Pick in a downtrend

In this picture the charts are showing the same currency pair every bit in the picture in a higher place, USD/JPY. Simply this time you are looking at the 5-minute timeframe. Notice how the candles are closing lower and lower (in circle). This indicates that the high is likely to be over. Pay attention to the overbought areas too. The Stochastic and the RSI are now crossing the overbought levels and are heading down. The entry is after this 5-infinitesimal surly candle is closed. Depending on the market volatility choose between 15-minute or 30-minute decease.

Method 2:

This approach can be applied by advanced an experienced traders who have basic candlestick knowledge, you know how to employ cost activity, you are good at drawing Southward/R-lines and you understand volatility. So, instead of waiting for a 5-minute bearish candle to form you can go more precise entries by switching to the i-minute time frame and drawing S/R-lines. Remember though, the M15 and the M5 still take to be overbought!

Here is a picture of the one-minute chart of the aforementioned currency pair in the pictures above:

Notice how price resisted at the second golden line from bottom to top. Observe the pin-bars indicating price was forced down. Your entry here would’ve been earlier than in method ane, meaning y’all entered at a higher price. So basically, using price action, at that place is no need to wait for a total 5-minute candle to end in the direction yous want to trade. Toll failing to continue up confirmed the retracement was over and thus gave you a amend entry.

You can utilize the same methods on Call Options, merely look for higher highs and higher lows every bit I mentioned earlier.

Why does this strategy suck?

Not so surprisingly, this strategy does non work in ANY market condition. Simply then again, I don’t know any strategy that does. The main event is being able to patiently wait for all of the correct market conditions to line upwardly for you. This could take a while, some days you tin can’t trade anything considering market is only not “stepping” in any direction only rather jumps volatilely between different support and resistance areas. Furthermore, information technology tin can be quite difficult for beginners to find the best entries.

Why this Strategy
doesn’t
suck?

This strategy provides with enough confirmations to induce the trader to have a trade. During the time I’ve tested this strategy it has proven to be pretty accurate. The rules are simple to follow. This strategy as well teaches y’all trend identification and lets y’all practice on your price action skills!

Determination – Check out Okane’south Diary to Learn More!

Whether this strategy sucks or not depends entirely on how well you understand the reasons behind the rules of this strategy. Try it out on a demo account first. You can benefit from my trading diary and the forum thread I started almost this strategy. Some of your questions might have been answered already in these threads!

 Downloads Available:

• Okane fifteen-xxx Mins Strategy Set-Upward download
• FiboPV indicator to download