PFE Binary Options Trading Strategy
PFE Binary options strategy is a trend following system, it means that you can trade in the direction of the trend only. This method uses a 4-hour timeframe and has an expiry time of 4-6 candles. This works on forex markets and indices.
2 templates are used here, the first template is a method with a snake indicator.
MT4 Indicators:
- Snake formed by three moving averages 34-period:
- Exponential moving average period 34, close ;
- Exponential moving average period 34, high ;
- Exponential moving average period 34, low ;
- Exponential moving average period 9, close.
- Exponential moving average period 100, close ;
- PFE (period 9, moving average period 9) with moving average smoothed (2-period, dev 1);
Buy Call:
- The snake is above 100EMA.
- PFE must cross upward MA.
- The price must bounce or touches the snake or 9 EMA.
- Place a call order when the conditions above are met.
Two types of re-entry:
- Re-entry with the previous conditions
- Re-entry when the price bounce on 100EMA but wait that PFE crosses upward MA.
Important Tips:
- If PFE crosses upward MA when IT’s < 0, the expiry time is 6 candles or more;
- If PFE crosses upward MA when IT’s > 0, the expiry time is 4 candles.
Put Entry:
- The snake is below 100EMA.
- PFE must cross downward MA.
- The price must bounce or touch the snake or 9 EMA.Wait that the price bounce or touches on the Snake or 9 EMA.
- Place a put order when the conditions above are met.
Two types of re-entry:
- Re-entry with the previous conditions.
- Re-entry when the price bounce on 100EMA but wait that PFE crosses downward MA.
Important Tips:
- If PFE crosses upward MA when IT’s > 0, the expiry time is 6 candles or more;
- If PFE crosses upward MA when IT’s < 0, the expiry time is 4 candles.
- For the Second Template, PFE with 3SMA
Second template
MT4 Indicators:
- 3SMA:Line red, Line Green .
- 3 MA Channel High/Low.
- PFE (period 9, moving average period 9) with moving average smoothed (3-period).
Call Entry:
- 3 SMA Line green above line red,
- PFE must cross upward MA.
- MA Channel is above 3SMA
- Place a call order when the price comes back in the channel.
- Tips the same of the previous template.
Put Entry:
- 3 SMA Line Red above line green,
- PFE must cross downward MA.
- MA Channel is below 3SMA
- Place put order when the price come back in the channel.
- Tips the same of the previous template.
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