Binary Options stategy Double EMA Channel with RSI and Stochastic Strategy For MT4
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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 Binary Options stategy Double EMA Channel with RSI and Stochastic Strategy For MT4 is perfect for 4H, daily, and weekly chart. We will be using the EMAs, RSI, stochastic, and Fibonacci retracement indicators. Since this system will be used in options trading, you are not required to trades along with the trade. All the retracement levels can be traded regardless of the phase of the trend. As the retracement levels are drawn atomically chances of making mistake with this method is very low. Moreover, 38.2% and 50% and 61.8% fib retracement levels are going to be our prime trading zone. For each trade, the expiry period should not exceed 4 hours.
For the call option, spotting the bullish rejection at the fibo level is the first task. The value of the RSI will be less than 50 and the stochastic will be testing the 20 levels. Note that the price rejection must be spotted at 38.2%, 50%, or the 61.8% retracement zone. By carefully analyzing this level, you can find the best possible signal and make some decent profit.
The most common mistake incorporated with this trading model is a high-risk approach. Getting overconfident and increasing the risk to a great extent is a key cause to trade with poor-risk profiles. Regardless of your trade setup, the maximum risk per trade should be only 2%. In some special cases when news factors are considered, you can risk 3% in a single trade. Assess the payout for the trade if it less than 70%, consider the signal as low-quality setup. By filtering the trades with the payout percentage, it is possible to secure a decent recovery plan for this trading system.
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Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
