Forex Fractals MACD Binary Options Strategy
Forex Fractals MACD Binary Options Strategy:
Fractals with MACD is a classic forex strategy , based on fractals of Bill Williams. The old strategy is based on fractals and ADX, I changed ADX with MACD. This strategy works on all time frame and you can apply also for trading with Binary options high/low.
Expiry time for Binary options 1-2 candles.
Time frame 1 min or higher. My prefered time frame for day trading is 30 min.
Currency pairs: any.
Metatrader indicators setting:
MACD (12, 26, 9) for time frame 1 and 5 min, for higher time frame Macd setting is ( 7,18,9).
Fractals defaul metatrader.
Stochastic oscillator (13, 5, 4), as momentum filter for best timing for entry.
Buy
MACD Histogram >0
When appears a down arrow fractal, enter buy.
Stochastic oscillator crosses upward.
Place stops 5 pips or more depends by time frame and pairs below the low of the Fractal candle.
Exit with discretionary money management or when Stochastic oscillator crosses in opposite direction
Sell
MACD Histogram <0
When appears a up arrow fractal, enter sell.
Stochastic oscillator crosses downward.
Place stops 5 pips or more depends by time frame and pairs below the low of the fractal candle.
Exit with discretionary money management or when Stochastic oscillator crosses in opposite direction
For a more aggressive approach you can only use the slow stochastic as a filter.
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 Fractals MACD Binary Options Strategy?
- Download Forex Fractals MACD 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 Fractals MACD 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”.
