3rd Candle High And Low Binary Options Strategy
This is a binary options strategy that can be useful in a 15-minute or higher timeframe and is applicable to any kinds of market. This trading system uses a candlestick for trading entries and SMAs (Simple Moving Average) to determine the current trend. The stochastic indicator is also used to filter the trade.
MT4 Indicators:
- 50 SMA and 100 SMA
- Stochastic Indicator parameters 5, 3, 3 – Do not trade If the direction of the stochastic is opposite of your 1st and 2nd candles. Wait for the next 1st candle figure.
Rules:
- Find the third candle
- Enter your trade at the start of the third candle and wait that candle closed.
Put and Call Entry:
- Call at the very beginning of the 3rd candle if the current trend is up and your candle figure is going up.
- Put at the very beginning of the 3rd candle if the current trend is down and your candles figure is going down.
Discipline is the key to have an opportunity to win a trade. just open a few pair charts.
- Do not trade 1 hour or before the major news event.
- Do not trade when the 3rd candle is against the current
trend. - Do not trade when the second candle closes “inside” the
1st candle.
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