Forex Spike Bar Price Action Binary Options Strategy
Forex Spike Bar Price Action Binary Options Strategy:
I have written this strategy and shared because more traders have made the request (60 min Binary Options Strategy) at the admin of Forex Strategies Resources.
(I think that this Binary Strategy works good at the 4h and daily time frame ).
This Binary Options Strategy Price Action is based on the Spike bar pattern.
This price action pattern strategy works also on the other markets.
Rules for:Spike bar Price Action 60 min Binary: High-Low Binary Options Strategy,
Expiry time 1 or 2 candles.
Time frame 60 min exiperes time 60 min.
Time frame 240 min exiperes time 240 min.
Time frame daily min exiperes time daily min.
Buy Call
When the price action indicator paints a smiling face below the price of the spike candle place pending buy order at the next bar above the high of spike bar.
Buy Put
When the price action indicator paints a smiling face above the price of the spike candle place pending sell order at the next bar below the low of spike bar.
In the pictures below Binary Options Strategy: Spike bar Price Action 60 min Binary in action.
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 Spike Bar Price Action Binary Options Strategy?
- Download Forex Spike Bar Price Action 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 Spike Bar Price Action 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”.
