Another great example of nailing a forex trade with the TradersHelpDesk RSI indicator for NinjaTrader. In this example, the Dollar is weak and the only two currencies to trade were the EURUSD and USDCHF because the Euro had strength and the Swiss Franc had strength versus the Dollar being weak. Since the Euro is the first in the pair, we go long. On the USDCHF, the US Dollar is the first and has weakness so we short it.
RSI Indicator on Currencies
Using the Nadex Binary Options, we can even lower our risk and margins (Nadex has no margin requirements). All we do is increase our number of contracts.