Money Flow Index Binary Options Trading Strategy
The money flow index binary system is a trend momentum High/Low. This is a trend following strategy, it means that you can only trade in the direction of the trend. This works in a 60-seconds and 5-minute timeframe. For 60 seconds, the expiry time is 120-300 seconds and for 5 minutes, the expiry time would be 10-30 minutes. This system is applicable to forex, indices, stocks and metals.
Metatrader indicators:
- Weighted WCCI (30, 13, 200,100, 200);
- Money Flow Index ( periods, 4, levels 80, 20);
- Moving Average 100 (high);
- Moving Average 100 (low).
Call Entry:
- The price must be above moving average (100) channel.
- The Money Flow Index is above 80 level.
- Weighted WCCI: line dodger blue > green line and > of 100 level.
Put Entry:
- The price must be below moving average (100) channel.
- The Money Flow Index below 20 level.
- Weighted WCCI: line dodger blue < green line and < 100 level.
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