ELR And E75 Binary Options Trading Strategy
The ELR and E75 are two indicators for binary options trading. This can be used in scalping and intraday. This works on a 5-minute timeframe or higher and has an expiry time of 2 candles. This method is applicable t commodities, indices, and forex markets.
Metatrader Indicators:
- ELR color is a great momentum, indicator setting (13,13, 2);
- E75 is composed of two bands , stochastic color, with color bars when stochastic is oversold and overbought. (14,3,7).
Put Entry:
- Aqua bar must break the blue band.
- The price must close below the band.
- The stochastic oscillator has crossed downward.
- ELR color with Orange line is below the aqua line.
- “Put” at the opening of the next bar.
Call Entry:
- The red bar must break the blue band.
- The price must close above the band.
- The stochastic oscillator has crossed upward.
- ELR color with Orange line is above the aqua line.
- “Call” at the opening of the next bar.
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