Fast EMA Crossover Trading Strategy for Binary Options, Scalping and Daytrading
Fast EMA Crossover Trading Strategy is intended for trade binary optionsbut can also be used for scalping and intraday trading. It is based on EMA moving average crossings with Stochastic, ADX and Koral as filters.
Input parameters
- Currency pairs: any (for scalping - with low spread)
- Expiry time: 5 candles for M1, 2-3 candles for M5
- Bidding time: any
- Risk management: choose such a volume of option, so that the risk was not more than 2-5% of the deposit per trade
Used indicators
- Coral (R period 20, LSMA period 20)
- Support and Resistance Barry
- Ultimate Trend signal (ADX 14)
- E 60 (fast EMA 4, slow EMA 8)
- Binary Stochastic (5, 5.5)
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
- Install a template named Fast EMA Crossover
The schedule should look like this:
Signals indicating the purchase of a Call option (opening a Buy position)
- a green up arrow appears;
- a dot of blue appeared;
- The color of the moving averages has changed from red to blue;
- The green line of the Binary Stochastic indicator has crossed the red line from the bottom up;
- the price pushed up from levels of support.
Signals indicating the purchase of a Put option (opening a sell position)
- a red down arrow appeared;
- a dot of red appeared;
- The color of the moving averages has changed from blue to red;
- The green line of the Binary Stochastic indicator has crossed the red line from top to bottom;
- the price has pushed down from resistance level.
Setting Stop Loss and Take Profit in Scalping
- stop loss is set above/below the previous local maximum or minimum;
- Take Profit is set at a minimum ratio of 1 to 1 with a stop loss. It is allowed to close the position at the support/resistance level crossing or when the signal appears in the opposite direction.
Before using Fast EMA Crossover trading strategy for binary options, scalping and intraday trading on a real deposit, we recommend to test it on demo account.
Download Fast EMA Crossover Strategy Template and Indicators
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