Oscillator On Chart Binary Options Trading Strategy
The Oscillator on chart binary options strategy is based on the oscillator on a chart that is formed by three indicators: RSI, CCI, and PRI. This strategy is trend following system, so, you need to trade in the direction of the trend. This is good for scalping and intraday.
for first binary strategy, (trend following) use this in the forex market with a 15-minute timeframe. The expiry candle must be 4.
Metatrader Indicators:
- Oscillator on chart (RSI 14 period, CCI 14 period, PRI 14 period);
- Trend friend as filter:
Call Entry:
- Line Royal blue of OnC indicator must cross upward the aqua line.
Put Entry:
- Line Royal blue of OnC indicator must cross downward the aqua line.
Trend filter conditions to confirm the order:
for Buy: time frame 30 min, 60 min and 240 min all arrows green up;
for Sell: time frame 30 min, 60 min and 240 min all arrows red down.
For Second binary strategy: reversal High/Low
Use this on indices and forex market, for forex, use major pairs. this is best on a 15-minute timeframe or higher and the expiry candle must be 3-4.
Indicator only: Oscillator on chart (RSI 14 period, CCi 14 period, PRI 14 period).
Call Entry:
- The Line Royal blue of OnC indicator must break the line dot aqua line.
- It must go back and crosses upward the middle line aqua.
Sell Entry:
- The Line Royal blue of OnC indicator must break the line dot aqua line.
- It must go back and crosses downward the middle line aqua.
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