jonatan
RSI Extreme System is a price action trend-reversal system for intraday trading.
This system can also be applied to trading with binary options high/low.
The main feature of this system is to enter the market, on the extreme highs of the indicators in use: RSI, TMA Bands and Zee Zee I.
Time Frame 5min 15 min o 30 min.
Financial markets: any.
Expiry time for binary options (4- 6 candles).
time frame 5 min expiry time 6-8 candles,
time frame 15 min expiry time 5 candles,
time frame 30 min expiry time 4 candles.
Metatrader Indicators:
Zee Zee I. ( 34 period);
TMA Bands ( Upper and Lower);
RSI Extreme (setting time frame 5 min 21 period , time frame 15 min 14 period, time frame 30 min 11 period).
Remember to change the setting of RSI, when changes timeframe !!!
The default template is for 5 min.
Trading rules RSI Extreme System
Buy
The arrow buy of the RSI extreme in a lower bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in oversold area with blue line.
Sell
The arrow sell of the RSI extreme in a upper bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in overbougth area with red line.
Note only for 5 min time frame the price must close after the black band.
Exit position
Make profit at the middle band or with predefined profit target with ratio stop loss 1:13. Place initial stop loss 5 pips above/below the bands.
Expect a relationship win / loss> 62%.
In the pictures RSI Extreme System in action.
(https://image.jimcdn.com/app/cms/image/transf/dimension=723x10000:format=png/path/s2e2ea4a9b3965dd1/image/id74b5daedde5e113/version/1444562315/rsi-extreme-system-in-action-30-min-time-frame.png)
RSI Extreme System in action 5 min time frame
(https://image.jimcdn.com/app/cms/image/transf/dimension=723x10000:format=png/path/s2e2ea4a9b3965dd1/image/i8aba6e26273b5edd/version/1444562268/rsi-extreme-system-in-action-5-min-time-frame.png)
[http://www.forexstrategiesresources.com/app/download/10115723921/rsi+extreme+system.rar?t=1444774403](http://www.forexstrategiesresources.com/app/download/10115723921/rsi+extreme+system.rar?t=1444774403)
[http://www.forexstrategiesresources.com/app/download/10117492321/%C2%A9Price+Border.zip?t=1444774450](http://www.forexstrategiesresources.com/app/download/10117492321/%C2%A9Price+Border.zip?t=1444774450)