3rd Candle High And Low Binary Options Strategy For MT4
The 3rd Candle High And Low Binary Options Strategy For MT4 is perfect for trading any kind of asset. The widely used 50 and 100 SMA along with the stochastic indicator is embedded in the ex4 files.
As the strategy relies on stochastic to filter out the bad trades, the active traders are advised to stick the H1 or higher period chart. Note that the advanced coding in the strategy files will create the red and green mark for the call and put option. All you need is to find the third candle to take the trades.
The third candle is usually found after the signal or the arrow mark is created. Let’s say, a red arrow has appeared on the top of a bar or candle. To consider it as a valid setup, the price must be below the 50 and 100 SMA. The stochastic reading will be on the overbought panel. Wait for the two more candles after the creation of the bearish arrow. If the third candle has a lower closing price below the opening of the bar or candle, you are good to go for the put option.
The call option is triggered in a similar process. The price will be well above 100 and 50 SMA. You will get the green arrow mark, and the stochastic curve will enter the 20 levels. Wait for two consecutive candlesticks. If the third candle manages to have a closing above the opening price, you can go for the call option. If not, you should not take the call option even though all the conditions are justified.
The system is capable of making a decent return provided that the trades are taken in the higher chart. The payout of the option must be good or else you can’t do much even though the system can win most of the trades. And keep away from the binary options market while the market is unstable. The system has a high success rate only if you manage to find a stable asset. So, know the schedule of the major economic news.
Download the complete system description and the files here: