It's very easy to implement strategy that is suitable for people who can not devote much time to analyze the markets. The time frame of that trade is a 4 hour or daily chart. The strategy is suitable for binary option, but recommend using the classical method of trading in the market.
Features of the strategy:
- Time frame: 4H or a D1
- Tools trading all currency pairs, indices and commodity futures
Indicators:
- EMA5 of the closing price (Close)
To clear up false signals be used EMA 5 which gives us a clue about the price movement and trading signals are:
Enter Long When we present two bars which are closed with an increase and over EMA5. The entrance is carried out at the close of the second bar and our aim is to carry out a profit in the third bar. Stop Loss is placed below the second bar.
Short we go when we present two bars which closed with a fall and are EMA5. The very entrance takes place at the close of the second bar and our aim is to carry out a profit in the third bar. Stop Loss is placed over the second bar. Daily PROFIT when trading on the daily chart is within 40 to 60 pips depends on the instrument you are trading.
Disadvantages of the strategy are that the target is smaller than the stop that would place, but you can adjust your stop to zero when the price reached half the target you have set.
Read more:
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.