Binary options trading carries risks and can cause a partial or total loss of money in the trading account!
Simple 5 Star Trading Pattern with 5 SMA AND RSI (FOREX AND BINARY).
The 5 SMA method with 5 RSI Forex Trading is another simple forex strategy that beginner forex traders can find easy to implement.
Method based on price action with a 75% profitability in binary and forex options, used to help in its analysis many professional traders.
Time frame: Any
Markets: Forex, Binary as main.
Currency pair: Any
BROKER WITH HIGHER PERFORMANCE: IQOPTION
Forex Indicators: 5 SMA and RSI period settings in 5.
The 5SMA indicator is to determine the trend, so if the price is above the SMA 5, it is an upward or downward trend if the price is below the SMA 5.
The RSI is used as a confirmation signal. The RSI is a technical momentum indicator that compares the magnitude of recent gains with recent losses in an attempt to determine overbought and oversold conditions. The RSI ranges from 0 to 100.
A currency pair is considered to be overbought once the RSI approaches level 70, which means it may be overvalued and is a good candidate for a pullback when looking for a sales opportunity.
  On the other hand, if the RSI approaches 30, it is an indication that the currency pair may be oversold and, therefore, is likely to recover, so it is time to seek a buying opportunity.
5 SMA WITH 5 RULES OF RSI FOREX NEGOTIATION STRATEGY
See this chart to know how to buy and sell using this strategy. The rules are below this chart:
Purchase Rules:
 When the price crosses more than 5 SMA upwards and that candle closes, check to make sure it is more than + 10 pips.
Then verify the RSI, it must be above the RSI 50 line.
Buy in the market or place a purchase stop order 2-5 pips above the maximum of the candle.
Place your stop loss approximately 5 pips below the minimum of the candle.
Set the benefit 3 times more than you initially risked or there is a previous swing that you can detect, then place your profit target there.
Sale Rules:
 When the price crosses more than 5 SMA down and that candle closes, check to make sure it is more than + 10 pips down
Then verify the RSI, it must be below the RSI 50 line.
Buy in the market or place a purchase stop order 2-5 pips above the maximum of the candle.
Place your stop loss approximately 5 pips below the minimum of the candle.
Set the benefit 3 times more than you initially risked or there is a previous swing that you can detect, then place your profit target there.
ADVANTAGES OF 5 Star Trading Strategy with 5 SMA AND RSI
A very simple currency trading strategy that comes with an easy to detect trading configuration that is easy to execute.
This is a Forex trend trading strategy, so if you can capture the beginning of a trend with the trading strategy and if you stop your operations, you can easily make more than 100 pips if you are trading in longer terms such as 1 hour. , 4 hours or daily
If you liked this strategy and want to see examples of it, leave us a smn in the comments.