Drake Delay Stochastic - strategy for binary options with signal confirmation
Drake Delay Stochastic trading strategy is based on indicators and is designed to work with binary optionsThe trading is carried out on the channel borders and on other financial instruments. Trading is conducted on the rebound from the borders of the channel with confirmation by stochastics.
Input parameters
- Currency pairs: any
- Timeframe (expiration time): M15 and higher
- Duration of the option: 4-6 candles
- Bidding time: London, New York
- Indicators: Author's
- Risk Management: choose such a volume of the option, that the risk was not more than 2-5% of the deposit per one trade
Installing indicators and trading strategy template
- Unpack the archive with templates and indicators.
- Copy the indicators to the folder MQL4 -> indicators.
- Copy the templates into the templates folder.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Set the template with the name drake delay Stochastic.
- Switching to the TF M1
Signals indicating the purchase of a CALL option (predicting an upward move)
- The price has entered the lower blue or red zone.
- A beige dot formed.
- Stochastic is in the oversold zone (below the 20 mark).
- Buying occurs after the signal candle closes, on the next bar.
Signals indicating the purchase of a PUT option (predicting a downward movement)
- The price has entered the upper blue or red zone.
- A beige dot formed.
- Stochastic is in the overbought zone.
- Selling takes place after the signal candle closes, on the next bar.
Additional Recommendation: To increase the probability of a successful transaction, it is desirable to open in the direction of the trend of the senior timeframe.
Conclusions: Drake Delay Stochastic is a traditional strategy on the rebound from the channel, where the signal is confirmed using stochastic modification. This tactic can fail in a flat market, so use the author's recommendation for any questionable signal.
The main advantage of the strategy is the opening of a deal after the confirmation of the signal, which allows you to test its effectiveness in the Strategy Tester on the history beforehand. This is what ForTrader.org experts recommend you to do.
Download templates and indicators
The strategy is presented in issue 95 of ForTrader.org
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