On this occasion I will share a tutorial on how to win or earn profit in playing binary options trading on the IQ Option platform.
Basically there are many ways to make a profit when trading binary options. However in this article I will discuss how to read technical analysis using the RSI (Relative Strength Index) indicator.
Which is useful to measure whether the price of an asset is over buying (over buying) or over selling (over selling).
RSI is suitable for use in a variety of market conditions and is very helpful in determining when to CALL UP or PUT DOWN.
The reason for using the RSI indicator is that it can help determine when we put a put or call and find out how strong the trend is
The RSI indicator is useful for determining the level of overbuying / overselling levels in the market.
Even without the use of additional filters, the RSI indicator can work well. I will share a number of ways to implement RSI to further improve the accuracy of indicators.
HOW DO I USE RSI INDICATORS ?
1. Select the RSI indicator from the list of indicators by clicking as shown below
2. Then you can change the RSI indicator settings or just use it
3. The RSI indicator is ready to use for analyzing movements
Then how do you read and predict price movements using the RSI indicator?
Immediately, we refer to the strategy below
BINARY OPTION TRADING STRATEGY USING RSI INDICATORS
Here are some ways that can be applied for trading using the RSI indicator:
1. The standard way to use the RSI indicator
This method is a basic way of executing trading positions for both forex and binary options trading.
How to read the signals that appear are:
• Select the CALL / buy option, when the movement of the RSI indicator line has entered the overselling area (30%) then will exit the overselling area.
• Select the PUT / sell option, when the movement of the RSI indicator line has entered the overbuying area (70%) then it will exit the overbuying area.
But for the results of the signals that appear more accurate it is necessary to make adjustments
2. RSI indicator for trading expired time under 1 hour
If you trade turbo or binary options with expired time of less than 30 minutes, setting a standard RSI indicator of 70% and 30% is not always possible to carry out accurate entering.
The RSI indicator period must be reduced to reach extreme values more often.
For a period of less than 30 minutes, you can use the RSI with the setting period 5,
Too bought: 90 and too sold
Example settings for Rsi periods 5 and 90/10:
How to read the signal that appears:
• Select the CALL option, when the movement of the RSI indicator line touches the bottom line called (Over-selling)
• Select the PUT option, when the movement of the RSI indicator line touches the top line called (Over-buying)
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