Ichimoku Stochastic Scalping trading strategy for binary options, scalping and daytrading

Ichimoku Stochastic Scalping trading strategy is based on only two indicators, which in no way reduces its profitability and efficiency. The strategy is designed for binary optionsIt can also be used for scalping and intraday trading.

Input parameters

• Currency pairs: any, including cryptocurrencies
• Timeframe: M5 and above (for binary options expiration time of 3-5 candles)
• Trading times: London, New York
• Risk management: after calculating the stop-loss, choose the volume of the lot or option, so that the risk was not more than 2-5% of the deposit per trade

Used indicators

• Ichimoku indicator (8, 25, 48)
• Dot MMS (5, 2)

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named Ichi Stoch scalping

The schedule should look like this:

Signals indicating the opening of a long position (call option purchase)

• the price is above the Ishimoku cloud or above the green point;
• an up arrow appeared.

Signals indicating the opening of a short trade (buy Put option)

• the price is below the Ishimoku cloud or below the red point;
• a down arrow appeared.

Stop Loss and Take Profit Order Setting for Scalping and Intraday Trading

• Stop Loss is set above/below the previous local maximum or minimum.
• Take Profit is set depending on the used timeframe and currency pair. Alternatively, it is allowed to close the position when the arrow appears in the opposite direction.

Ichimoku Stochastic Scalping trading strategy for binary options, scalping and intraday trading has simple rules that will not cause difficulties even for novice traders.

We recommend opening positions only in the direction of the current trend, which can be determined on higher timeframes.

Download Ichimoku Stochastic Scalping Strategy Template and Indicators

Other profitable trading strategies