Trend Wave Binary Options Trading Strategy
Trend Wave is a Binary options strategy High/low is based on the trend indicators. This type of method works on a 60-minute timeframe and has an expiry time of 6-18 hours. This is applicable to markets such as forex, futures, stocks, and indices.
Metatrader Indicators:
For Trend Bars Indicator:
- this indicator is based on RSI formula and the signals are, lime Green bars = uptrend = buy signal; red bars = down trend = sell signal.
For Trend Candles Indicator:
- Trend candles indicator is based on stochastic and signals provided are : Lime green candle = uptrend = buy signal, Red candle = down trend = sell signal.
Entry Arrows:
- lime green upward arrows = buy signal, Red downward arrows = sell signal.
Wave Signal Alerts:
- High/Low indicator It repaints, so it’s only used for visual confirmations.
Trend Channel indicator.
Pivot Targets:
- Pivot targets indicator is going to be used for support and resistance levels.
Rules:
- Trend bars indicator – Trend Channel and Entry Arrows. These indicators must be in the same trend.
- There must be an entry signal from wave alerts indicator and trend candles.
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