Red Green Candle strategy for binary options and intraday trading
Red Green Candle Strategy is intended for trade binary options. The rules of the strategy are simple, but at the same time, the entry signals are highly accurate. In addition, the Red Green Candle strategy can be used for classic intraday trading.
Input parameters
- Currency pairs: major, metals, indices, stocks
- Timeframe: M5 and higher
- Expiration time of binary options: 3 candles
- Trading times: London, New York
- Risk management: Choose one lot size or option, so that the risk is no more than 2-5% of the deposit per trade
Used indicators
- 2 Ema red and green (MA 1 49, MA 2 89)
- RGC course (21 periods, close)
- RGC shadow 3EMA (3, 13, 17)
- RCG three colors (default setting)
- RCG Histogram (21 periods)
- RCG 3Color TF
Setting indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the folder MQL4 -> indicators
- Copy the templates into the templates folder
- Restarting the terminal
- Open the chart of the desired currency pair
- Set the template with the name Red Green Candle
The schedule should look like this:
Signals indicating the opening of a long trade or the purchase of a CALL option
- Both lines of the indicator 2 Ema red and green are green;
- All lines of the RCG 3Color TF indicator have green dots on them;
- On the histogram indicator RCG Histogram appeared bars of green.
Signals indicating the opening of a short trade or the purchase of a PUT option
- Both lines of the indicator 2 Ema red and green are red;
- The RCG 3Color TF indicator has red dots on all lines;
- On the histogram indicator RCG Histogram appeared bars of red.
Rules Red Green Candle trading strategy for binary options and intraday trading are very simple and will be understandable even to novice traders. When using the strategy for intraday trading, choose pairs with minimal spreads.
Download Red Green Candle Strategy Template and Indicators
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