Steenmarter Binary Options Trading Strategy For MT4
The Steenmarter Binary Options Trading Strategy For MT4 is a system that relies on the momentum of a trend. Your expiry time will be five candles when using thirty-minute or higher time frames. All the indicators included here play important roles however I will just make mention of the main ones which attribute to the various trigger points that inform every binary option trade you take.
We have the SVE RSI indicator - this indicator helps us to identify when the market is coming out of respective zones considered as oversold or overbought. Furthermore, we have the money line indicator - this is an important indicator because we are able to confirm the market bias relative to its position to the actual price action. Then there is a modified Stochastic indicator. This indicator is also a great technical tool to use. It features a signal alert tool that gives you buy and sell arrows. The danger of using such a system in isolation is that it may not produce satisfactory results due to error or inaccuracy. That is why we combine it with other tools to interrogate the validity of each arrow signal given.
Once you understand the basic and fundamental functionality of each indicator mentioned then you will begin to value the overall trading system even more. Let us take a look at the rules which comprise this binary options strategy. Put options can be opened when the price is trading below the Money Line indicator. Then secondly, the Stochastic indicator has to show a sell arrow that needs to be further validated by the SVE RSI-I-Fish indicator.
The SVE RSI-I-fish indicator has to be above the 70 level which is indicative that the market might be emerging from an overbought region. Call options can be opened when the price is trading above the Money Line indicator. Then lastly, the Stochastic indicator has to show a buy arrow that needs to be further validated by the SVE RSI-I-Fish indicator. The SVE RSI-I-fish indicator has to be below the 30 level which is indicative of the market possibly being in an oversold zone.
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