Forex Force Reversals Binary Options Strategy
Forex Force Reversals Binary Options Strategy:
Trend Direction Reversal Trading is a binary options strategy that is good also for scalping based on Trend direction force , Money flow index and OBV indicator.
Time Frame 5 min or higher.
Financial markets: Forex, Indices and Commodities.
This trading system is for any sessions but do not trade before the economic news.
Expiry Time 2-3 candles.
Metatrader indicators:
Optional indicators
Bollinger Bands (20, 2),
Bollinger Bands (10, 2),
SR TLB,
Donchian Channel,
1a-ps mt.
Trend Direction force V.3.
Money Flow Index (2),
Cycle Identifier,
Commodity Channel Index (3),
On Balance Volume.
Trend Direction Force Reversal Trading Rules (level 1)
Buy
When Trend Direction Force touches -1 level wait the following conditions:
Money Flow index crosses upward Trend Direction Force,
Commodity Channel Index crosses upward Money Flow Index.
Price retraces below upper band (10, 2) optional.
Sell
When Trend Direction Force touches +1 level wait the following conditions:
Money Flow index crosses upward Trend Direction Force,
Commodity Channel Index crosses upward Money Flow Index.
Price retraces above lower band (10, 2) optional.
Profit Target (TF 5 min) 8-10 pips or middle band of Bollinger Bands (20, 2).
Place stop loss below lower band of BB (20, 2) for buy or above upper band of BB (20, 2) for sell.
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 Force Reversals Binary Options Strategy?
- Download Forex Force 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 Force 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”.
