Range Market Binary trading strategy for binary options, scalping and daytrading
Range Market Binary trading strategy - is a simple system based on standard indicators: Stochastic and Parabolic Sar. The strategy can be used for binary options, scalping and intraday trading.
Input parameters
- Currency pairs: any (for scalping or daytrading - with a minimum spread)
- Timeframe: M1 and M5
- Expiration time of binary options: 5 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
- Stochastic Oscillator (5, 5, 5, close) with oversold and overbought levels of 25 and 75
- Parabolic Sar (0.04, 0.1)
- 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 the template named Range Market Binary Strategy
The schedule should look like this:
Signals indicating the opening of a long trade or the purchase of a CALL option
- Both lines Stochastic indicator crossed from the bottom to the top of the level of 25;
- The points of the Parabolic Sar indicator are under the price.
Signals indicating the opening of a short trade or the purchase of a PUT option
- Both Stochastic indicator lines crossed the 75 level from top to bottom;
- Points Parabolic Sar indicator are above the price.
Stop Loss and Take Profit Order Setting for Scalping and Intraday Trading
- The stop loss is set above/below the previous local maximum or minimum;
- Take Profit is set at 3-5 pips.
Range Market Binary trading strategy for binary optionsIt has simple rules, scalping and intraday trading, which will not cause difficulties even for novice traders.
More experienced traders can replace the standard indicators with their advanced modifications, which will increase its effectiveness and functionality.
We recommend opening positions only in the direction of the current trend, which can be determined on higher timeframes.
Download Range Market Binary trading strategy template
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