Reversal Extreme Forex Binary Options Trading Strategy

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Reversal Extreme Forex Binary Options Trading Strategy

The reversal extreme is a trading system of pure price action based on the principle that when the price touches a resistance or support dynamic retraces two three-bar before continuing the trend or reverse.

This strategy is very discretionary is not for beginners, and also depends on the sensitivity of the trader to read the market.

This method is applicable to 5 minutes or higher timeframe with an expiry time of 1 candle. For binary options High/low trading, the expiry time is 3 candles.

Metatrader Indicators:

  • Bands 50 deviations 4 apply to close.
  • Bands 50 deviations 3 apply to close.
  • Bands 50 deviations 2 apply to close.
  • Slope direction 10

Call Entry:

  1. The price must touch or break the lower band.
  2. The first green bar must appear then enter the next bar.

Put Entry:

  1. The price must touch or break the upper band.
  2. The first red bar must appear then enter at the opening of the next bar.

Conservative approach:

  1. The price touches or break the Bollinger bands (50, 3).
  2. The price must touch or break the Bollinger bands (50, 3) and enter when the slope changes color.

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