Breaker Lines Forex Binary Options Trading Strategy
The breaker lines is a classic binary system high/low based on price action and trend -momentum. This system has a good profitability. The timeframe used in this method is 15 minute or higher and has an expiry time of 6 candles. This works on indices, commodities and forex market.
Metatrader Indicators:
- Magnified Market price;
- Binary Breaker lines (trend Indicator),
- BB alert arrow (price action indicator),
- BB Trigger (trend-momentum indicator),
- Stochastic (5,2, 3 with level 85 a 15) optional indicator for check overbought and oversold price.
Call Entry:
- The buy arrow must appear.
- The blue candle and the BB trigger alert must cross upward.
- Avoid entering a call position if the stochastic oscillator is above 85 level.
Put Entry:
- The sell arrow must appear.
- The red candle and BB trigger alert must cross downward.
- Avoid entering a put position if the stochastic oscillator is below 15 level.
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