Double EMA Channel Binary Options Strategy
The double EMA channel is a strategy that also uses RSI and stochastic indicators. This system can be applied to two binary options strategy which is the one touch and the high /low.
The double EMA channel works on forex, futures, stocks and CFD markets. This is applicable to 4-hours or daily timeframe.
On a 4-hour chart, the binary options one touch expire 8-max 12 bars or 2 days, and with the daily chart, this binary option one touch expires max of 4-6 days.
MT4 Indicators:
- Trade on daily chart (swing trading forex strategy)
- 5 EMA channel (applied to the close and add levels 50, -50);
- 10 EMA channel (applied to the close and add levels 50, -50);
- Stochastic indicator (11,3,3);
- RSI indicator (14);
- Fibonacci Retracement indicator (XIT_FIBS)
Call Entry:
- The 5 EMA channel must cross above the 10 EMA Channel and both Stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
- RSI must be greater than 50.
Put Entry:
- The 5 EMA channel must cross below the 10 EMA channel and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
- RSI must be less than 50.
Possible Exit On Touch are the first or second two Fibonacci Retracement indicator levels.
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