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Elder Binary Options Trading Strategy

Elder Binary Options Trading Strategy

Elder binary options strategy high/low is a trading system that follows the trend, it means that it will trade in the direction of the trend. It uses a volatility indicator ELR indicator. This indicator is good for trading intraday and scalping. This system works on a 5 or 15-minute timeframe for scalping, for intraday, you can use 30-minute or 60-minute timeframe. the expiry time is 2-3 candles. This method is applicable to indices and forex market, particularly on the S&P 500.

Metatrader Indicators:

  • Vortex indicator (14-period with level 1.05);
  • ELR Color (13, 13, 2);
  • Elder indicator with DSS (6, 10);
  • Vs pivot indicator;
  • HP (nobs 1000, lamba 5000);
  • Exponential moving average 34-period green line;
  • Exponential moving average 89-period red line;

Call Entry:

  1. Vortex green line crosses upward red line > 1.05 level.
  2. EMA 34 is greater than EMA 89.
  3. HP > EMA 34 and EMA 89 or HP crosses upward EMA 89.
  4. Elder sky blue bar.
  5. ELR bar is color blue.
  6. “Call” at the opening of the next candle.

Put Entry:

  1. Vortex red line crosses upward green line > 1.05 level.
  2. EMA 34 < EMA 89.
  3. HP < EMA 34 and EMA 89 or HP crosses downward EMA 89.
  4. Elder maroon bar.
  5. ELR bar is color red.
  6. “Put” at the opening of the next bar.

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Tim Morris
Tim Morrishttps://www.forexmt4indicators.com/
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com
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