Forex Babon Slope Binary Options Strategy
Forex Babon Slope Binary Options Strategy:
Reversal Extreme is a trading system of pure price action based on the principle:when the price touches a resistance or support dynamic retraces two three-bar before continuing the trend or reverse.
This strategy is very discretionary is not for beginners, and also depends on the sensitivity of the trader to read the market.
This technique can also be applied to trade binary options.
This technique is suitable for all time frames from 5 min. In the example proposed refers to trade binary options with a time frame of five minutes.
Expiry time 1 candles.
Metatrader Indicators:
Bands 50 deviations 4 apply to close.
Bands 50 deviations 3 apply to close.
Bands 50 deviations 2 apply to close.
Slope direction 10
Trading Rules Reversal Extreme
Buy
When the price touches or broken a lower band wait the first green bar and buy at the open of the next bar.
Sell
When the price touches or broken a upper band wait the first red bar and sell at the open of the next bar.
Conservative approach for trading:
wait, that the price touches or broken from the bollinger bands (50, 3).
wait, that the price touches or broken from the bollinger bands (50, 3) and buy or Sell when the slope chagens colour.
Binary options High/low trading
Expiriry time 3 candles.
Trading without Binary Options on the chart from h1 time frame.
Exit position with profit target predetermined or at the close of entry candle.
This method not recalculate and not repaint.
Expected profitability 65-75%.
This is just an idea of trading that can be improved.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Babon Slope Binary Options Strategy?
- Download Forex Babon Slope Binary Options Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Babon Slope Binary Options Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
