Forex Market Cross Lines Binary Options Strategy
Forex Market Cross Lines Binary Options Strategy:
Binary market is a trading system based on momentum filtered by support and resistance zone. This iead is good for trading also withot binary options.
Best time frame 15 min and 30 min but you can use also 5 min time frame.
Currency pairs: majors and indicies (S&P 500, FTSE and DAX).
Expiry time 3 candles.
Metatrader Indicators:
Binary market that is a momentum indicator;
Zone trading that is based on S&R zone.
Trading rules Binary market
Trading only above support or below resistance.
Buy or Call
Support zone on the chart
Trades when yellow line and blue line crosses upward green orizontal line.
Place initial stop loss below the support zone.
Make profit with ratio stop loss 1:20 or predetermined fast profit that depends by pairs and time frame.
Sell or Put
Resistance zone on the chart
Trades when yellow line and blue line crosses downward red orizontal line.
Make profit with ratio stop loss 1:20 or predetermined fast profit that depends by pairs and time frame.
This is a great trading system. You can use also the martingale with multiplier range between 1.5 – 2.0.
Advantages of this strategy is that find the best zone for trading.
Disadvantages at low time frame ( 1 min or 5 min) generates more false signals.
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 Market Cross Lines Binary Options Strategy?
- Download Forex Market Cross Lines 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 Market Cross Lines 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”.
