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The Advanced RSI Strategy

One of the widely favored approaches for achieving profits in the digital contracts market is through the utilization of turbo options. This trading method entails engaging in a substantial volume of transactions, which has the potential to considerably expedite the growth of your investment.

However, it’s important to note that trading on shorter timeframes is marked by significant market volatility, which can lead to unforeseen losses. This is because price fluctuations occur swiftly, and the market responds to even the slightest speculations.

Consequently, the most advisable approach is to employ a carefully devised strategy when working with turbo options. In this article, we will delve into the details of such a strategy to help you navigate this trading method effectively.

How to set up a trading screen

Certainly, when dealing with turbo options, it’s imperative to keep the time frame within a one-minute range, and this setting should be adjusted on the asset chart. In terms of chart representation, Japanese candlesticks are indispensable. It’s advisable to select any asset, with the exception of those characterized by very low volatility.

Now, let’s discuss the use of indicators. Fast-contract trading demands quick decision-making, leaving no room for extensive analysis or multiple signal assessments. To maintain clarity and avoid confusion, it’s best to employ only a single indicator within this trading system, and that indicator is the RSI (Relative Strength Index). However, a slight modification will be made during the setup process, which is why this strategy is named as such.

Within the Olymp Trade terminal, you’ll find the Relative Strength Index, but for more adaptable indicator settings, it is recommended to utilize the MT4 platform. Firstly, the period should be adjusted; instead of the default value of 14, it will be set to 3. This alteration enables the indicator to respond more promptly to market changes. Secondly, the “overbought/oversold” zones should be adjusted from 30 and 70 to 20 and 80. According to the creators of this strategy, the intersection of these levels produces a more consistent outcome.

Trading using the Advanced RSI Strategy

Considering that we’re relying on a single indicator, it’s prudent to prioritize safety by trading exclusively in the direction of the prevailing trend. The lower timeframe, like all others, exhibits its own unique trend, but it materializes more rapidly.

Determining the trend is straightforward, especially for those who haven’t yet mastered the skill of trend analysis without indicators. A simple technique can be employed: focus on the pattern of approximately 50 candles preceding the trade entry point. If each successive peak is higher than the preceding one, the trend is upward; conversely, if they are progressively lower, the trend is downward.

In the context of this strategy, a CALL contract should be purchased during an uptrend precisely when the signal line of our modified RSI exits the 0-20 zone.

For a PUT contract during a downtrend, you should execute it when the signal line of the Relative Strength Index exits the 100-80 zone.

The standard expiration period for turbo options is typically 60 seconds. Based on the outcomes of implementing the “Modernized RSI” strategy, it is evident that it has the potential to swiftly augment your investment. Nonetheless, it’s crucial to remain vigilant regarding the release of significant news events, particularly when trading on shorter timeframes.

Conclusion: Turbo options, with their 60-second expiration period, can be lucrative when used in conjunction with the Advanced RSI strategy for rapid deposit growth. However, traders should exercise caution and stay informed about important news releases, as these can significantly impact trading outcomes, especially in shorter timeframes.

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