Forex Engulfing Pattern Binary Options Strategy
Forex Engulfing Pattern Binary Options Strategy:
Engulfing Pattern Binary Options Strategy is a price action strategy based on the c Engulfing candle pattern.
Engulfing Pattern: is a reversal pattern that can be bearish or bullish,
depending upon whether it appears at the end of an uptrend (bearish engulfing
pattern) or a downtrend (bullish engulfing pattern). The first day is
characterized by a small body, followed by a candle whose body completely
engulfs the previous candle’s body.
Makets: Forex ( Currency pairs:any, Indicies (Dax, S&P 500, FTSE, DAX,).
Time Frame 4H.
Expires time: end of the day.
Metatrader Indicators:
Pattern Recognition Master ( setting: Engulfin Pattern),
KDJ indicator.
Trading rules for Engulfing Pattern Binary Options Strategy
Buy Call
Engulfing Pattern (L.E).
KDJ indicator with red line above blue and green lines.
Buy Put
Engulfing Pattern (S.E).
KDJ indicator with red line below blue and green lines.
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 Engulfing Pattern Binary Options Strategy?
- Download Forex Engulfing Pattern 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 Engulfing Pattern 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”.
