Price Channel With MACD RSI Forex Binary Options Trading Strategy
The price channel with MACD RSI is a scalping and intraday strategy that is good also for binary options High/Low. This is a trend-momentum for trading reversal or trending market. The timeframe used in this system is 1 minute or higher and works on any market. The expiry time of this method is 4-6 candles. For scalping and intraday, the trading sessions would be London and New york.
MT4 Indicators:
- Bollinger bands (40; 2.5);
- Moving Average (3-period, close);
- MACD RSI arrow ( 12,26, 9, RSI 5 period);
- Price channel oscillator mtf ( setting next time frame, example if you trade at the TF 1 min setting Price channel tf 5 min) in the same window there is stochastic (14, 4, 4, close).
- Price channel with MACD RSI trading reversal
Call Entry:
- The price breaks the lower band of the Bollinger Bands.
- The buy arrow of the MACD-RSI must show up.
Optional: entry if the stochastic has crossed upward the lower channel of the Price channel.
Put Entry:
- The price breaks the upper band of the Bollinger Bands.
- The sell arrow of the MACD-RSI must show up.
Optional: entry if the stochastic has crossed downward the upper channel of the Price channel.
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