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  1. #1
    Active Member Alex Froot's Avatar

    the trend is your friend. !!!

    hi, what setting does the rsi need to be on when looking for divergance. thanks

  2. #2
    Banned Bradhaddin's Avatar
    There are the trend in binary option trading on 24option.

  3. #3
    Veteran Member Dan21's Avatar
    There are several articles for strategies based on RSI. Each of them with slightly different settings. You can read them here:

    http://www.binaryoptionsthatsuck.com...astic-rsi-for- binary-options/
    http://www.binaryoptionsthatsuck.com...sy-and-newbie- friendly-strategy/
    http://www.binaryoptionsthatsuck.com...gy-from-forex- to-binary-options/

    as well as some threads on them like the following:
    forums.binaryoptionsthatsuck.com/.../12557-Trade-Support-amp-Resistance- Areas-With-Stochastic-RSI
    forums.binaryoptionsthatsuck.com/.../10934-Bollinger-Band-amp-RSI- Strategies

  4. #4
    Legendry Member Okane's Avatar
    Quote Originally Posted by Alex Froot View Post
    hi, what setting does the rsi need to be on when looking for divergance. thanks
    Depends on your strategy... Longer period settings give signals less frequently but
    also less false signals. RSI 4, 7 and 14 are popular. For overbought and oversold
    you can use 75-25/80-20/90-10, also dependent on your strategy.
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  5. #5
    Specialist Member protrader's Avatar
    rsi divergence alone is useless, there must be at least two other filters, better more
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  6. #6
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Alex Froot View Post
    hi, what setting does the rsi need to be on when looking for divergance. thanks
    Dude, you have already opened a thread about divergence and The Trend Is Your Friend: http://forums.binaryoptionsthatsuck....is-your-friend
    Why open another on the same topic???

    Anyway... here's the answer: there is no specific setting you have to use. Experiment with a few (Okane gave you some insight). Also, you dont have to use RSI; you can use Stochastic, MACD, other oscillators.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  7. #7
    Master Member Bogdan G's Avatar
    Quote Originally Posted by protrader View Post
    rsi divergence alone is useless, there must be at least two other filters, better more
    Well, not exactly useless, but yea, I agree that you need to confirm it in some way. I wouldnt trade divergence alone

    PS: How come you are allowed to have advertising links in your signature?
    Last edited by Bogdan G; 09-29-2015 at 09:16 AM.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  8. #8
    Legendry Member willyw's Avatar
    Quote Originally Posted by Bogdan G View Post
    Well, not exactly useless, but yea, I agree that you need to confirm it in some way. I wouldnt trade divergence alone

    PS: How come you are allowed to have advertising links in your signature?
    Bogdan, I agree with you that divergence is NOT totally useless. It varies from trader to trader. It might be useless to 1 trader but not other traders. We cannot base on our own assumption alone to misguide others but have to be in general and non-bias. Yes we need to use other indicators for confirmation.

    PS: I think our Admin might have overlooked or miss the advertising or it will be banned.
    Last edited by willyw; 09-30-2015 at 03:31 AM.

  9. #9
    Master Member Bogdan G's Avatar
    Quote Originally Posted by willyw View Post
    Bogdan, I agree with you that divergence is NOT totally useless. It varies from trader to trader. It might be useless to 1 trader but not other traders. We cannot base on our own assumption alone to misguide others but have to be in general and non-bias. Yes we need to use other indicators for confirmation.

    PS: I think our Admin might have overlooked or miss the advertising or it will be banned.
    Yes, it varies from trader to trader but I can only speak from my perspective, from my point of view. I dont think that makes me biased (but I am a very biased person, with strong opinions). We do not misguide others by stating what works for us. I wasnt basing my statement on assumption (I actually use divergence in my trading).
    In the end of the day, whatever works, works
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  10. #10
    Veteran Member Dan21's Avatar
    Yeah, after all this is what makes it so interesting - trading is a very individual business. Personally, I use divergence too, but like Bogdan, I use other things as well.

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