How To Double The Account In 1 Binary option strategy forum? You can help thousands improve their trading! Who’s online There are currently 24 users online.
Submitted by Edward Revy on May 13, 2007 – 15:40. Current strategy has won the hearts of many Forex traders. And why not when it has a great winning potential. Entry for uptrend: when the price is above 150 SMA look for RSI to plunge below 20.
30 – enter Long with a new price bar. If at least one of the conditions is not met – stay out. Opposite for downtrend: when the price is below 150 SMA wait for the RSI to go above 80. Then if shortly after you see a Stochastic lines crossover above 70 – enter Short.
Option 2 – using a trailing stop – for an uptrend a trailing stop is activated for the first time when Stochastic reaches 70. A trailing stop is placed below the previous bar’s lowest price and is moved with each new price bar. Current trading strategy can be improved when it comes to defining the best exits. For example, once in trade traders may also try applying Fibonacci studying to the most recent swings. This way they can predict short-term retracements and make sure they will not be pulled out of the trade early and will continue pursuing profit targets at Fibonacci extension levels. Submitted by Edward Revy on January 13, 2019 – 16:05. Submitted by Edward Revy on April 7, 2011 – 12:16.
We’d like to thank you everyone for your feedback, support and questions! Comments for this strategy are now closed. To continue discussion, please use our Forex Forum, where you can create a new discussion topic. Submitted by Haydel on April 7, 2011 – 10:28.
It would be nice to close this thread and let the other, in the newer forum, be more active. Two places to comment this great strategy can be confusing and the newer forum works in a better way. Submitted by Haydel on March 31, 2011 – 21:25. USD Daily charts, price is above SMA150, so there we have the buy filter. Then, the 28th, RSI was below 20, that gave the first signal.
Then, the 29th, Full Stochastic crossed below 30, giving the final signal to BUY at the close of that bar. As Edward mentioned before, at that point it doesn’t matter if RSI is above 20, the signal was there just one day before, I have a limit of three days between those signals to consider them valid, this was only one day apart so I consider it a very good signal. The price reached to more than 140 pips on the 31st starting from the buying price at the closing the 29th bar where the BUY signal fired. I would like to Upload the chart but for some reason I can’t. Submitted by Chris on March 30, 2011 – 00:49.
Submitted by Edward Revy on March 30, 2011 – 00:32. Submitted by Haydel on March 29, 2011 – 17:19. I click on the “Upload a file or image” link below and all I see is a white space. Submitted by Edward Revy on March 23, 2011 – 12:59. Submitted by User on March 23, 2011 – 12:54. There are times when both rsi and stochastics will remain in the overbought or oversold areas for extended periods of time. Stochastics crossover may take place but its a ‘fake’ one if i may say.
What do you do in such a scenario. Please post more strategies, this is one of the best i’ve seen on the site. Submitted by Edward Revy on March 13, 2011 – 21:41. RSI already and it stays effective.