24# Scalper Signal with Bollinger Bands and Stochastic
Submit by joy22 09/2024
The Scalper Signal is a versatile and user-friendly forex and binary options strategy that works well for both beginner and advanced traders. Below is a trading strategy that incorporates the Scalper Signal strategy to maximize trading accuracy. This strategy is also great on forex.
Timeframe:
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M1 to M15 (recommended M5 for turbo options and M15 for standard options).
Expiration:
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3 candles for the chosen timeframe (for M5 timeframe, expiration would be 15 minutes, and for M15, it would be 45 minutes).
Indicators Setup:
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RSI arrow on chart:
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This indicator generates simple BUY and SELL arrows based on market signals, and it highlights the signal candle on the background for easy identification.
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Setting 3 periods.
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Bollinger Bands (20, 2):
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Helps identify market volatility and potential reversals. Look for price touching or moving outside the bands.
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Stochastic Oscillator (5, 3, 3):
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Confirms overbought and oversold conditions. A bullish crossover below 20 indicates a potential BUY, while a bearish crossover above 80 signals a potential SELL.
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Trading Rules:
CALL Option (BUY) Setup:
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Scalper Signal: Green arrow appears, signaling a potential upward move.
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Bollinger Bands: Price is near or below the lower band, indicating a possible reversal.
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Stochastic Oscillator: Bullish crossover where %K crosses above %D below the 20 level, confirming oversold conditions.
If all three conditions are met, place a CALL option with an expiration of 3 candles.
PUT Option (SELL) Setup:
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Scalper Signal: Red arrow appears, signaling a potential downward move.
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Bollinger Bands: Price is near or above the upper band, indicating a possible reversal.
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Stochastic Oscillator: Bearish crossover where %K crosses below %D above the 80 level, confirming overbought conditions.
If all three conditions are met, place a PUT option with an expiration of 3 candles.
Trade With The Trend
Additional Filters:
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Trend Identification: Use a simple trend identification method like a 200-period Moving Average to ensure that you're trading with the trend. For example, only take BUY signals when the price is above the 200-MA and SELL signals when the price is below it. Expiry time for binary 5 candles.
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Candlestick Patterns: Incorporating candlestick analysis can help confirm market reversals (e.g., Doji or Engulfing patterns near support or resistance levels).
5 min Binary Options Strategy High Low: Bollinger Bands Breakout
5 min Binary Options Strategy with Bollinger Bands, ATR Ratio and Turtle Channel
Submit by Joy22 20/09/2013
This 5 min Binary Options Strategy High/Low is based on the Bollinger Bands Breakout Method.
Markets: any.
Rules for: 5 min Bollinger Bands Breakout Binary Options Strategy High Low
Time Frame 1 min: expires time 5min
Metatrader Indicators:
ATRRatio indicator periods( 7,14,1);
Turtle Channel indicator (20-10);
Bollinger Bands (20, 1).
General Condition: trade only in diretion of the trend indicated by Turtle Channel indicator.
Buy Call
The Trend is up: Turtle Channel line Dodge Blue below the price;
ATR Ratio Value > gray line;
The price close out the upper band of the Bollinger Bands;
Buy Call at open next bar.
Buy put
The Trend is up: Turtle Channel line red above the price;
ATR Ratio Value > gray line;
The price close out the lower band of the Bollinger Bands;
Buy put at open next bar.
This Binary Option Strategy High-low: 5 min Bollinger Bands Breakout is also a good trading system for other financial instruments: Stocks, Forex, CFD.
5 min Bollinger Bands Breakout Binary Options Strategy High Low: Template and Indicators.
In the picture below 5min Binary Options Strategy High Low: Bollinger Bands Breakout in action.
5 min binary
5 min Binary Options Strategy with Bollinger Bands, ATR Ratio and Turtle Channel
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#1
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