3° Candle Binary Options Trading Strategy
This is a binary options strategy that works on forex major pairs, futures, and indices. This method is applicable in a 60-seconds timeframe with an expiry time if 60 seconds also. In this system, you don’t trade when two arrows appear consecutively. Do not buy in overbought call and do not sell in trade oversold.
Metarader indicators:
- Envelopes (period 8, deviation 0.03);
- ForexMT4 Cycle Indicator; (repaint indicator)
- Stochastic oscillator ( 8, 3,3 ) indicator confirms.
NOTE: The ForexMT4 Cycle indicator is an indicator that repaints 2 bars, for entry wait for the open of 3° candle.
Call Entry:
- When appears green arrow of (ForexMt4 Cycle indicator), following the two conditions for entry:
- Wait for the opening of the 3° candle;
- The stochastic oscillator crossing upward.
Put Entry:
- When appears red arrow of (ForexMt4 Cycle indicator), following the two conditions for entry:
- Wait the opening of the 3° candle;
- The stochastic oscillator crossing downward.
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