3 Candle Binary Options High Low Stategy Strategy For MT4
Table Of Contents:
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The 3 Candle Binary Options High Low Stategy Strategy For MT4 is an elegant option trading method that uses high and low. We all know taking trades at the high and low is a very tough task.
But once you start using the 3rd candle template and I Fractal indicator, you get a huge advantage for opening the trades. The best time frame for this option trading method is the m15 chart. The trades should have the expiry less than 15 minutes.
The first thing you will notice is the dynamic stochastic level. Sell zone is marked with a red horizontal line and the buy zone is marked with a green line. First of all you need to focus on the 50 moving average to find the path of the trend. If price trades above it, the call option is our priority. If it trades below the 50 MA put option is the priority. It’s more like the trade filter tool that allows us to find the trades with precision.
When the trend is down, look for the overbought reading in the stochastic. This means the curve will be testing the red line. Wait for the red arrow mark to form above the bar or candle. Take the short of put trade when the conditions are filled. For the call option, the stochastic line will be around the green line. The green arrow mark will be visible below the bar or the candle. Buy or take call options when you have such setups.
Making money with the 3 candle system is fairly easy. Usually it takes 3 candles to see a complete setup when the stochastic curve hits the red or the green line. In some cases, you might get the signal in the second candle but you should wait for the 3rd candle to open. Under no circumstances, you should risk more than 2% even though the payout might be very high. Avoid executing orders when major economic news is about to announce. Last but not least visually study the position of the bar when you take the trades as it can help you to ameliorate your win rate.
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