The basis of trading strategy for binary options EMA Crossover signal with Stochastic colored laid tactic to rebound from the border of the channel with the confirmation of other indicators.
Characteristics of EMA Crossover signal with Stochastic colored
- Platform: Metatrader4
- Asset: Any currency pair, any indices, any stocks and any commodities
- Trading Time: European and American sessions
- Timeframe: M15 or higher
- Expiry: 1 candles (for M15 - 15 min, and so forth)
- Recommended broker: uTrader, 24option
The list of indicators used
- Bands - oscillator, which is based on the indicator Bollinger Bands. Indicates trading channel
- Color Stochastic v1.04 - a modification of the standard indicator Stochastic. Implemented as a filter
- EMA_Cross - arrows indicator based on the intersection of the exponential moving averages. It serves as a source of trading signals
Installing of indicators and template of EMA Crossover signal with Stochastic colored
- Unpack the archive with templates and indicators.
- Copy folders MQL4 and templates to the folder Files/Open Data Folder.
- Restart the terminal.
- Open the desired graph of the currency pair.
- Set the template EMA Crossover signal with Stochastic colored.
- Switch to the TF M15 or higher, of your choice.
Rules of trade by EMA Crossover signal with Stochastic colored
- Price touched or broken through the lower bound of the channel
- On the chart appeared up arrow
- Color Stochastic Indicator painted green bar
- Price touched or broken through the upper bound of the channel
- On the chart appeared down arrow
- Color Stochastic Indicator painted red bar
In fact, the trading strategy for the binary options EMA Crossover signal with Stochastic colored it is signals of one arrows indicator (EMA_Cross), filtered by two other indicators. In such a format strategy is applicable to trade binary options, but it can give many false signals in trading on Forex. It is possible and even the recommended optimize a trading strategy through the introduction of special indicators for binary options.
For the ordinary course of trade on Forex, in my opinion, must enter additional filter, for example, the indicator ATR, which will significantly reduce the number of erroneous inputs.
Very important! For a successful trade with EMA Crossover signal with Stochastic colored requires broker that does not create delays in the opening positions and has a zero spread. That is a broker 24option. In addition, 24option regulated by CySEC, MiFID, CRFIN and is an official partner of football clubs Juventus and Olympique Lyonnais:
In the archive EMA_Crossover_signal_with_Stochastic_colored.rar:
- Color Stochastic v1.04.ex4
- Color EMA_Cross__SES__BDv8_12_31.ex4
- EMA Crossover signal with Stochastic colored.tpl
Free Download EMA Crossover signal with Stochastic colored