Elder Binary Options Trading Strategy
Elder binary options strategy high/low is a trading system that follows the trend, it means that it will trade in the direction of the trend. It uses a volatility indicator ELR indicator. This indicator is good for trading intraday and scalping. This system works on a 5 or 15-minute timeframe for scalping, for intraday, you can use 30-minute or 60-minute timeframe. the expiry time is 2-3 candles. This method is applicable to indices and forex market, particularly on the S&P 500.
Metatrader Indicators:
- Vortex indicator (14-period with level 1.05);
- ELR Color (13, 13, 2);
- Elder indicator with DSS (6, 10);
- Vs pivot indicator;
- HP (nobs 1000, lamba 5000);
- Exponential moving average 34-period green line;
- Exponential moving average 89-period red line;
Call Entry:
- Vortex green line crosses upward red line > 1.05 level.
- EMA 34 is greater than EMA 89.
- HP > EMA 34 and EMA 89 or HP crosses upward EMA 89.
- Elder sky blue bar.
- ELR bar is color blue.
- “Call” at the opening of the next candle.
Put Entry:
- Vortex red line crosses upward green line > 1.05 level.
- EMA 34 < EMA 89.
- HP < EMA 34 and EMA 89 or HP crosses downward EMA 89.
- Elder maroon bar.
- ELR bar is color red.
- “Put” at the opening of the next bar.
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