RSI Extreme Binary System - transform the market movement in the money
Each of us knows that the market never goes in one direction. There are always pullbacks, and they always will be. If the price was all the time would be in the same direction, all traders would be millionaires. It would be too simple. In this article we will talk about RSI Extreme Binary System, which in turn will
show us the natural and adaptable pullbacks of trend. Here we will make a profit from the channel breakdown and on a pullback on indications the rest of the indicators.
Characteristics of the RSI Extreme Binary System
- Platform: Metatrader4
- Asset: Any currency pair
- Trading Time: 7:00-20:00 GMT
- Timeframe: M5, M15, M30
- Expiry: 3 candles (for M5 - 15 minutes, for M15 - 45 minutes and etc.)
- Recommended broker: Grand Option, Deriv, PocketOption
The indicators included in the RSI Extreme Binary System
RSI Extreme - signal indicator in the form of arrows. Its indications takes on the RSI indicator. Important to change the in settings period depending on the candle by which we use (default 21 - for M5):
For М5 – rsiperiod 21
For М15 – rsiperiod 14
For М30 – rsiperiod 11
Price Border (TMA Bands) - an indicator of the price channel. Based on the indicator TMA (triangular moving average) and the ATR. It specifies the direction of the trend and volatility (channel width). In this strategy TMA indicator used to determine the trend reversal from the top or bottom border of the channel.
Zee Zee i - CCI indicator with period 34 and with the zones of overbought and oversold (-100 and +100).
i-Sessions - is used to graphically display on the chart of the time period for trading by RSI Extreme Binary System (darker zone in the range 7:00-20:00 GMT).
Rules of trade by RSI Extreme Binary System
CALL signal:
- Price is in darker zone in the range 7:00-20:00 GMT (1)
- There was a touch or a breakdown of the lower channel border of TMA (2)
- There was a green arrow pointing up from the indicator RSI Extreme (3)
- Indicator Zee Zee i is below the oversold level -100 in the blue zone or starts its way out of it (4)
- Expiration - 3 candles (for M5 - 15 min)
PUT signal:
- Price is in darker zone in the range 7:00-20:00 GMT (1)
- There was a touch or a breakdown of the upper channel border of TMA (2)
- There was a red arrow pointing down from the indicator RSI Extreme (3)
- Indicator Zee Zee i is above the overbought level +100 in the red zone or starts its way out of it (4)
- Expiration - 3 candles (for M5 - 15 min)
RSI Extreme no sound notification in MT4. So if you want sound notifications, set the sound settings of the indicator Price Border. Set the setting to position "true", as shown below:
Do not forget to pay attention to the period of RSI Extreme when changing timeframes. Out of the channel or touch refers to absolutely all timeframes.
In the archive RSI_Extreme_Binary_System.rar:
- ¬Price Border.ex4
- Price Border.mq4
- Extreme RSI.ex4
- Zee Zee i.ex4
- Zee Zee i.mq4
- zigzag_hist.mq4
- i-Sessions.ex4
- i-Sessions.mq4
- RSI Extreme Binary System.tpl
Free Download RSI Extreme Binary System
