Trend action trading strategy with fractal support /resistance

Trend action trading strategy with fractal support /resistance - It is a trend following system with elements of Price Action tactics, which can be used both for scalping in the market, and for trading binary options. We will give you the rules of the strategy for binary options. For scalping, the rules will be almost the same.

Input parameters

• Currency pairs: any.
• Timeframe: M
• Duration of the option: 3 candles.
• Bidding time: London, New York.
• Risk Management: Choose such an option volume that the risk is no more than 2-5% of the deposit per trade.

Used indicators

• Fractal support and resistance
• Pivot and psycolevel
• MA in color (100, 3)
• Non lag MA (35),
• Support and resistance
• Clive histogram CCI
• Heiken Ashi histogram
• Volumes indicator

Installing indicators and strategy template

1. Unpack the archive with templates and indicators.
2. Copy the indicators to the folder MQL4 -> indicators.
3. Copy the templates into the templates folder.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Install the template with the name Za_Trendom_Vol2_Reloaded.

The schedule should look like this:

Signals indicating the purchase of a CALL option (predicting an upward move)

• On the price chart, the NonLagMA(35) indicator is green and is above the LWMA(100) indicator (or crosses it from bottom to top), which is also green.
• A bullish candle closes above the NonLagMA(35) indicator.
• The TrendCCI indicator changes color from red to green (the sooner the better).
• The indicator Heiken Ashi Histogram blue and breaks moving average (or at least it touches).
• The Volumes indicator is green.

Signals indicating the purchase of a PUT option (predicting a downward movement)

• The NonLagMA(35) indicator is red and is below the LWMA(100) indicator (or crosses it from top to bottom), which is also red.
• A bearish candle closes below the NonLagMA(35) indicator.
• The TrendCCI indicator changes color from green to red.
• Indicator Heiken Ashi Histogram red and breaks through the moving average.
• The Volumes indicator is red.

Additional recommendations

Support/resistance levels can be used as additional filters and not to open a trade if the price is close to these levels.

Overall, Trend action trading strategy with fractal support /resistance looks interesting enough, and the possibility of using it for binary options and for scalpingis certainly a very significant advantage.

Download template and indicators

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