by Joy22  2024

This strategy is designed for reversal trading using binary options. It utilizes a complex indicator system that combines the RSI (Relative Strength Index), MFI (Money Flow Index), DEMA (Double Exponential Moving Average), and Stochastic Oscillator, filtered by TMA (Triangular Moving Average) bands for better precision. The indicator appears both on the main chart (with arrows) and in an oscillator form in a secondary chart window. This template is a good basis for building a reversal trend strategy on the forex market.

Setup

• Time Frame: 1 minute

• Currency Pairs: Any

• Expiry Time:

  • Conservative: 10 candles (approximately 10 minutes)

Indicators for MetaTrader 4:

1. RMDS Arrow: Default settings (provides entry signals with arrows on the chart)

2. RMDS Oscillator: Default settings (provides oscillator-based signals in a separate window)

3. TMA Bands:

   • 56, 3.2 for the 1-minute time frame

Trading Rules

Buy Trade (Call Option)

1. Condition: The price touches or closes outside the lower TMA band.

2. Signal: A buy arrow appears (provided by the RMDS Arrow indicator).

3. Entry: Enter the trade at the close of the candle with the buy arrow.

4. Expiry: Use 10 candles (about 10 minutes) for a conservative expiry time.

Sell Trade (Put Option)

1. Condition: The price touches or closes outside the upper TMA band.

2. Signal: A sell arrow appears (provided by the RMDS Arrow indicator).

3. Entry: Enter the trade at the close of the candle with the sell arrow.

4. Expiry: Use 10 candles (about 10 minutes) for a conservative expiry time.

Additional Notes:

• This template offers a strong foundation for developing a reversal trading strategy in the forex market using binary options.

• The TMA bands act as filters to improve the accuracy of the reversal signals, helping to avoid false breakouts.

By following these rules, traders can take advantage of short-term price reversals with higher precision, especially in volatile market conditions.

Submit by Itrader 01/02/2014

This Binary Options Stratey concept is based on trade reversal on oversold or overbought strategy. I will explain the step to guide you to use this system:

1) Installed Metatrader 4 (MT4) and copy template BOSTS.tpl to your template folder. Then copy all the indicators to experts/indicators folder. Close the MT4 and open it again.

2) Currently the chart I’m using is EUR/USD, GBP/USD, AUD/USD, USD/JPY, EUR/JPY, GBP/JPY, USD/CAD. You can refer to the image file I attached in the folder.

 3) Timeframe is 5/15min

1 st Binary Options Strategy (best):

Trade on Support and Resistance level. Wait the the candle 1 st cross the support or

resistance level then trade on reversal. If you using 5min timeframe, then your expiry

time for the trade should be 5min to 10min.

2 nd Binary Options Strategy:

Trade on Bollinger band level. Wait the the candle 1 st cross the upper or lower level then trade on reversal. If you using 5min timeframe, then your expiry time for the trade should be 5min to 10min.

So when is the best price to trade even it match the 1 and 2 strategy above?

There is an overbought/oversold alert. I will trade when the the alert overbought/oversold

at leave over 10/-10.

3 st Binary Options Strategy:

Trade on pattern. Change your timeframe from 5min to 15min when the market is swing within the Bollinger band. You will always notice the candle sometimes is 1 up 1 down, wait for the 15min time expiry and trade on the next candle. Expiry time for the trade

usually will be 10-15min. (if using 5min time frame then the expiry time will be 5min

too)

1) Bollinger band - the yellow line

Put - cross the top line

Call - cross the bottom line

2) Blue arrow alert– with sound alert

To indicate the current price is higher/lower than the previous highest/lowest price

(short term).

3) Oversold and overbought with sound alert

This is the indicator to tell you when the best price to trade in. Best trade is wait

for the candle at the bottom indicator cross the value 10/-10)

4) pivot, resistance and support

 U always can change the timeframe to check the daily pivot, resistance and

support level to trade on longer time expiry because we trade using reversal

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