Universal trading strategy End of Day Binary
End of Day Binary medium-term trading strategy based on the Direction Force Index indicator with an additional filter by moving averages. The strategy is designed for trading stocks, indices and commodities.
Input parameters
- Currency pairs: stocks, indices, commodities.
- Timeframe: M30, H1.
- Bidding time: any.
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
Used indicators
- Direction force Index indicator (20, levels 0.2 and -0.2)
- Moving Average smoothed (3, close)
- Moving average smoothed (9, close)
Setting up the price chart
- Unpack the archive.
- Copy the template into the templates folder.
- Copy the indicators to the folder MQL4 -> indicators.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Set the template with the name End of the day binary.
The schedule should look like this:
All trades are opened after 12:00 p.m. Berlin time. In the case of U.S. indices/shares, positions open after 5:30 p.m.
Signals indicating the opening of a long position (buying)
- The Direction Force indicator is above level 2.
- The blue moving average is higher than the orange one.
- Stop Loss is put under the nearest local minimum.
Signals indicating the opening of a short position (sale)
- The Direction Force indicator is below the -2 level.
- The blue moving average is lower than the orange one.
- A stop is placed over the nearest local maximum.
Transactions are closed by Take Profit or at the end of the trading day.
The advantage of the End of Day Binary trading strategy is the use of signals from only three indicators, which will not create difficulties in its use by novice traders.
We believe that after a slight adaptation of the rules for entering a trade, End of Day Binary trading strategy can be used to trade currency pairs in the foreign exchange market .
Download End of Day Binary trading strategy template and indicators
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