315# Binary Royal Strategy
Trend- reversal and price action
Binary and Forex Strategy
Submit by Dimitri
Binary Royal Strategy is a trend reversal strategy for Binary Option but is also good for forex trading. The Strategy is based on the price action arrow confirmed by Dynamic Support/Resistance, static lines of SR, and algortymic confirmation. All three confirmations can be used but I propose to use only both dynamic and static support and resistance ones.
More arrows appear on the chart but the one to enter the position is the yellow one.
Regarding trading with binary options the time frame is 1 min, or higher with 5 candles as the expiration time.
The indicators below the main chart are an confirmation of direction, blue arrow trade only buy, red arrow trade only sell. In my opinion these conditions may be more useful for forex trading than for binaries Opzioni-
Setup strategy
Currency pairs, majors and minors Gold and Indices.
Time Frame ! Minute or higher.
Platform MT4
Profitability High.
Entry position: Yellow Arrow.
Expiry time 5 candles.
Trading rules
Call or Buy
Buy yellow arrow .
Open the position when the next bar opens after the arrow appears if the
following conditions are met:
the price of the candle is lower than the first band;
the price of the candle rests on a support level.
Put or Sell
Sell yellow arrow .
Open the position when the next bar opens after the arrow appears if the
following conditions are met:
the price of the candle is upper than the first band;
the price of the candle rests on a support level.
Exit position
Place initial stop loss below/above the previous swing High/Low.
Profit target minimum ratio stop loss 1:1 or at the levels of support and resistance.
