Forex Cycle Reversals Binary Options Strategy
Forex Cycle Reversals Binary Options Strategy;
Forex MT4 Systems Cycle is a trading system for trading and Binary Options high/low.
This strategy is based on Forex MT4 System Cycle indicator, but the filters for entries are the 3 candle after the signal and Stocastic oscillator in overbought and oversold zone.
Time frame 1 min or higher.
Currency pairs for binary options high/low (majors, minors indices and shares).
Expiry time 2-3 candles.
Metatrader Indicators:
FX Pivots Levels
Forex MT4 Systems Cycle setting ( price action filter 1, length 3, major cycle 4 period, RSI Filter 21 period, SMA filter 12 period, ). This is a repaint indicator but we have the filters for trading.
Stochastic Oscillator (8,3,3 with levels 70 and 30).
Trading Rules Forex MT4 Systems Cycle
Buy
Stochastic oscillator is in oversold area.
When appears arrow buy of Forex MT4 Systems Cycle, for entry wait the 3 candle with the condition that 2 candle has the minimum > the minimum of the 1 ° candle.
Stop loss below the last low.
Profit Target with ratio stop loss 1:1
Sell
Stochastic oscillator is in overbought area.
When appears arrow sell of Forex MT4 Systems Cycle, for entry wait the 3 candle with the condition that 2 candle has the maximum < the maximum of the 1 ° candle.
Stop loss above the last high.
Profit Target with ratio stop loss 1:1
In day trading you can use also pivot point levels as S/R lines and wait that the price bounces.
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 Cycle Reversals Binary Options Strategy?
- Download Forex Cycle Reversals 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 Cycle Reversals 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”.
