Today I will tell you about another technical strategy.These strategies are 5 min. Good support on time frame.Forex or any other stock can have these good results. Specially for binary option trading this is a good strategy. The settings of this strategy are as follows.
- Trading pairs: the strategy fits all instruments
- Timeframes: M5
- Indicators: Heiken Ashi.Stochastic (5, 3, 3),ADX (14)
When to enter a long position
The price of the instrument is above Heiken Ashi moving average while two Bullish candles in a row have formed on the chart. At the same time, ADX indicator is at the inside level above 22 points and shows an upward trend, and Stochastic is moving up.
When to enter a short position
The price of the instrument is below Heiken Ashi moving average while two Bearish candles in a row have formed on the chart. At the same time, ADX indicator is below 22 points and shows a downward trend, and Stochastic is moving down.
When to exit
Take Profit: 10-15 points. Stop-loss: 5-10 points. Close long positions after a 15 points rise in the price. Close short positions after a 15 points fall in the price.If want to use in binary option, set 15 to 30 minutes expiry time for every trade.
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