Divergence Discretionary Forex Binary Options Trading Strategy
Divergence Discretionary binary options trading strategy is a trading method based on divergence filtered with a trendline. The another indicator used for this system is the RSI or relative strength index. Trade only in direction of divergence or at the breakout of the trendline on the RSI indicator. The other indicators are used as confirmation. This can be used in a 5-minute or higher timeframe with an expiry time of 3 candles. This is applicable to futures, indices, commodities, and forex market.
Metatrader Indicators:
- Vline 1.1
- Divergence RSI default setting,
- FX 5 MACD (12, 26, 9).
- Stochastic Divergence MTF.
Call Entry:
- The RSI must break the trend line.
- FX 5 MACD must cross upward.
- The stochastic must cross upward.
Put Entry:
- The RSI must break the trendline.
- FX 5 MACD must cross downward.
- The stochastic must cross downward.
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