Forex Dynamic Channel Support Resistance Binary Options Strategy

Forex Dynamic Channel Support Resistance Binary Options Strategy

Forex Dynamic Channel Support Resistance Binary Options Strategy:

Forex Dynamic Channel Support Resistance Binary Options Strategy

This  Binary Options Strategy is a reversal trading strategy based on a Dynamic channel Support- Resistance indicator written by Tinytjan in 2007 and pubblished on the http://codebase.mql4.com. This indicator is based on the Gaussian function.

For to install Dynamic Support and Resistance indicator before copy in the libraries folder the file Gaussian.mq4 (/libraries/OneSideGaussian.mq4).

Rules for: Channel of Support and Resistance: 60 min, Binary Options Strategy High-Low

This Binary Options Strategy works also at these time frames

Time frame 60 min exiperes time 60 min.

Time frame 240 min exiperes time 240 min.

Time frame daily min exiperes time daily min.

Metatrader indicators:

Support-Resistence Indicator;

Spike bars indicator V.3, setting H1 (EUR/USD,AUD/USD, 25 pips range,GBP/USD 27 pips, USD/JPY 20 pips, NZ/USD and USD/CHF 23 pips, EUR/JPY 27 pips,

GBP/GPY 30 pips,) for time frame 240 (multiply by two the range) for time frame daily ( multiply by two the range)

overbought oversold indicator.

Buy Call

Condition: overbought oversold indicator between the red lines.

Wait Spyke Bar form a red bar that closes below the lower band of the channel,

Buy call at next open bar or wait That the price is greater than five pips compared to the end of the previous bar.

Buy Put

Condition: overbought oversold indicator between the red lines.

Wait Spyke Bar form a Blue bar that closes below the higher band of the channel,

Buy put at next open bar or wait That the price is less than five pips compared to the end of the previous bar.

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 Dynamic Channel Support Resistance Binary Options Strategy?

  • Download Forex Dynamic Channel Support Resistance 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 Dynamic Channel Support Resistance 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”.

Download Free Forex Dynamic Channel Support Resistance Binary Options Strategy

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