Forex Divergence Boom Binary Options Strategy
Forex Divergence Boom Binary Options Strategy:
Bollinger Bands divergence indicator is a technical indicator based on Bollinger Bands (BB) which is a volatility indicator developed by John Bollinger was based on moving averages, and technical analysis of the divergence.
when the small circle appears in the upper band corresponding to a sell signal.
when the small circle appears in the lower band corresponding to a buy signal.
Trading with Bollinger Bands divergence indicator in trendig market
Time Frame 30 min or higher.
Markets: Forex, Indicies, Commodities.
For Binary Options High/Low expiry time 4-6 candles.
Metatrader Indicators:
Bollinger Bands divergence
Cloud: setting 250 for 30min and H1 time frame.
ADR 1 ( optional for intraday trading),
Bollinger Bands divergence indicator,
RSI filter (4 period).
Buy
When the market is in trending up, wait the following two conditions:
- the small circle appears in the lower band and the price is in the green zone of the cloud;
- first blue bar of rsi filter.
Sell
When the market is in trending down, wait the following two conditions:
- the small circle appears in the upper band and the price is in the red zone of the cloud;
- first red bar of rsi filter.
Trading with Bollinger Bands divergence indicator reversal (for expert trader)
Time Frame 15 min or higher.
Markets: Forex, Indicies, Commodities.
For Binary Options High/Low expiry time 6-10 candles.
Indicators:
Bollinger Bands divergence (20, 2),
Bollinger Bands divergence (30, 3),
RSI 14.
Buy conditions:
Price bounce or broken lower Bollinger Bands,
RSI go below 30 level,
the small circle appears in the lower band,
entry when the price come back intro the bands.
Sell conditions
Price bounce or broken upper Bollinger Bands,
RSI go above 70 level,
the small circle appears in the upper band,
entry when the price come back intro the bands.
Note:
this binary template work good in sideways market.
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 Divergence Boom Binary Options Strategy?
- Download Forex Divergence Boom 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 Divergence Boom 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”.
