Piyush_Krishna

PowerBot Binary Option Algorithm

What is PowerBot Binary Option Algorithm:

This algo is derived from the strangle concept using RSI mid-level range to discover reversal trades on the 5 minutes chart for a single bar.

This algo searches for buy and sell signals when the rsi is between 58-42 level range, the goal is to take advantage of the markets' indecisiveness to counter trade long candle bars when they meet certain criteria.

This algo has three steps for each trade. Traders can chose one step to trade, the higher the step being traded, example, trading only 3rd step means that you get few trades but with more precision.

Binary Option means all-or-nothing, so it's important to set the right money management and execute trade consistently.

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