Forex Candle High Low Binary Options Strategy
Forex Candle High Low Binary Options Strategy:
Markets:Any
Time Frame 15 min or higher.
Binary options Strategy Rules
1. Find the third candle
2. Enter your trade at the start of the third
candle and wait that candle closed.
-Identify the current trend.
(For example: use 50SMA or 100sMA to
identify the current trend. If the price is above
the SMA – the current trend is up or opposite)
You may also use a Stochastic indicator with
parameters 5.3.3 to filter your trades. If the
direction of the stochastic is opposite of your 1st
and 2nd candles it is better not to trade at that
moment and wait for the next “1st candle figure”.
-Open a 60 min chart or other time Frame and find the “first
candle”.
“The First Candle” is between two
candles, and it is the highest or the lowest of
those three candles.
Look at the chart below:
The 1st candle is located between two candles
and it is the highest (or lowest ) of the 3.
-Now if you look to the right of the 1st candle is
the 2nd candle and the next is the 3rd candle –
the most important for us. This system based
on the 3rd candle.
If look on your chart you will see a lot of “three
candles figures” and all of them are great
trading opportunities!
Binary Options strategy: Trades
We BUY at the very beginning of the 3rd candle
if the current trend is up and your candles
figure is going up
We SELL very beginning of the 3rd candle if the
current trend is down and your candles figure
is going down.
There is ALWAYS an opportunity to make a win trade.: all you have to do is to open few pairs charts and you will always find your 3 candles on
some pairs!
This also a scalping system ( 3° Candle Scalping system) with this exit setup:
Take profit
Your target is 10 pips. You can also try to use a
trailing stop order to maximize your profit.
Stop loss
Stop loss needs to be placed above or below
the second candle: If you BUY – place a stop 1
pip below the 2nd candle, if you SELL – place a
stop 1 pip above the 2nd candle.
Time frames
This Scalping system can be used with higher time frame.
In this case make sure to set your take profit
target more than 10 pips.
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 Candle High Low Binary Options Strategy?
- Download Forex Candle High Low 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 Candle High Low 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”.
