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RSI Strategy
1.
2. LET US INTRODUCE
THE PROFITABLE STRATEGY
USING THE RSI INDICATOR
Works
on trend reversals
Perfectly fits the trade time
from 5 to 15 minutes
Shows excellent results on EURUSD, GBPUSD, EURJPY
3. WHAT IS RSI?
The price of an asset is changing
during the day permanently,
and the price chart is usually within the trading range
(e.g. within the range of the conventional value:
from 30 to 70)
4. OVERBOUGHT AND OVERSOLD
The price is crossing the trading range lines
(rising above 70 or dropping below 30) - these are overbought
and oversold market zones.
Returning back into the trading range RSI
is signalizing about the trend reversals.
Overbought
Oversold
5. SELL SIGNAL
ЕThe price is considered to be in the overbought zone
if it rockets too high.
When RSI drops back below 70 we are buying the put option.
6. "BUY" SIGNAL
The price is considered to be in the oversold zone
if it falls too deep.
When RSI rises up 30 we are buying the call option.
7. HOW TO USE RSI STRATEGY?
Register on OLYMPTRADE.com for free.
The registration procedure is very simple; you should fill in only 4 fields.
8. HOW TO USE RSI STRATEGY?
Open the OLYMP TRADE platform.
Choose the 1-minute timeframe on the candle chart.
9. HOW TO USE RSI STRATEGY?
Choose RSI in the "Indicators" section
and choose the period "5"
10. When RSI is in the overbought zone
and it breaks 70 down it is a good sell signal.
The recommendation
is to buy a put option
When RSI is in the oversold zone
and it breaks 30 up is is a good buy signal.
The recommendation
is to buy a call option
HOW TO USE RSI STRATEGY?
11. Choose the assets
with high income
80 - 90%
Avoid trading
in the period of important
news announcements
The best signals appear
at the period
of high market volatility
RECOMMENDATIONS
The most active
trading time is
from 7:00 to 17:00 UTC
This strategy helps you to open up
to 70% of profitable trades.
12. Use the RSI strategy
for improving
your trading efficency!
