RSI With Bollinger Bands Binary Options Trading Strategy
The RSI with Bollinger Bands is a binary option high/low trading system that is based on the volatility. You can use this system in a 30-minute timeframe to 60-minute timeframe and it has an expiry time of 2 candles. This method works on the forex market.
General Rule: Do not start before the economic news. Wait for the price to either hit the lower Bollinger band or the upper Bollinger band, then take the trade immediately.
MT4 Indicators:
- RSI 14 period, with 30 and 70 levels;
- Bollinger Bands (20, 2);
Put Entry:
- The price must touch the lower Bollinger band.
- The RSI must be below the 30-level.
Call Entry:
- The price must touch the upper Bollinger band.
- The RSI must be above the 70-level.
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