Forex Stochastic Filtered MACD Binary Options Strategy
Forex Stochastic Filtered MACD Binary Options Strategy:
Double stochastic filtered by MACD is a strategy with two solutions for trading: first trend following, second reversal trading. This trading system is trend-momentum. You can use this strategy for trading with binary options high/low or for trading without binary options.
First strategy trend following with Double Stochastic filterd by MACD
Time Frame 1min or higher
Financial Markets; Forex, Futures, Commodities,
Trading Time for scalping and intraday trading is the London and New York sessions.
Expiry time for trading with binary options are 6-8 candles.
Do-not trades before the economic news.
Metatrader indicators:
Exponential moving average 25 period with levels (261 and -261);
Candle count down;
Exponential moving average 25 period (optional),
Stochastic Cross alert ( close, 14, 5, 5);
MACD filter (13, 25, 5, with moving average of signal 200 periods);
60 s Binary stochastic setting (5, 3, 4) this indicator is good for any time frame.
Trading rules
Trade omly in the direction of the histogram MACD.
Up trend: histogram MACD above EMA;
Down tren: histogram MACD below EMA;
25 EMA and 200 EMA on the main chart are optionals.
Buy call
Up trend: histogram MACD above EMA;
buy arrow of the Stochastic cross alert;
Stochastic in subwindow chart that crosses upward from the oversold area (optional)
Sell or buy put
down trend: histogram MACD below EMA;
sell arrow of the Stochastic cross alert
Stochastic in subwindow chart that crosses downward from the Ob area. (optional)
Time frame 5 min or higher.
Financial markets:any.
Trading Sessions: any.
Indicators:
Bollinger Bands (30 , 2);
Stochastic Cross alert;
MACD with EMA (5, 15, 3);
Stochastic (5,1,3).
Expiry time 2 candles.
Buy
When the price close below the lower band wait the buy arrow of the Stocastic cross alert with MACD above histogram.
Sell
When the price close above the upper band wait the buy arrow of the Stocastic cross alert with MACD below histogram.
Exit position
Make profit at the middle band and pace intial 10 pips above/below the bands.
Trade with the trend
You can use the previous template for trading with the trend.
When the price is above 200 EMA only buy.
Whe the price is below the 200 Ema only 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 Stochastic Filtered MACD Binary Options Strategy?
- Download Forex Stochastic Filtered 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 Stochastic Filtered 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”.
