95# Alpha Centauri Binary and Forex Strategy

by Joy22

Alpha Centauri Binary and Forex Strategy It leverages the combination of SMC price action, dot trend-following indicators, and a smoothed RSI with a simple moving average (SMA) for confirmation. This strategy is designed for forex and binary options trading and works on a 1-minute or higher timeframe.

Strategy Summary:

Time Frame: 1-minute or higher.
Currency Pairs: Any.
Indicators:
- SMC (Smart Money Concepts) with default settings.
- SJ Arrow Indicator with default settings (acts as dot trend indicator).
- Ocean RSI (RSI smoothed with SMA of 3 periods).

Alpha Centauri Binary and Forex Strategy

Setup:

Install Indicators:
- Add the SMC Indicator to identify support and resistance zones.
- Use the SJ Arrow Indicator as the primary entry signal (dot trend-following).
- Add the Ocean RSI (a smoothed RSI) and apply a 3-period Simple Moving Average (SMA) to it for trend confirmation.
Chart Setup:
- Use the SMC indicator to determine key trading zones (support and resistance).
- SJ Arrow plots green and red dots as entry points in combination with the support/resistance zones.
- Ocean RSI with a 3-period SMA crossover provides final entry confirmation.

Entry Rules:

For both Buy (Call) and Sell (Put) trades, look for alignment among the indicators before entering.

Buy (Call) Setup:

Dot Color and Position: A green dot should appear above the SMC resistance zone.
Ocean RSI Confirmation: The Ocean RSI should cross above its 3-period SMA, indicating upward momentum.

Sell (Put) Setup:

Dot Color and Position: A red dot should appear below the SMC support zone.
Ocean RSI Confirmation: The Ocean RSI should cross below its 3-period SMA, indicating downward momentum.

Trade Execution:

Expiration Time (for binary options): Set to 3-5 candles (e.g., 3-5 minutes on a 1-minute chart).
Stop Loss (for forex): Place below recent support for buy orders or above recent resistance for sell orders to protect against false breakouts.

Example of Trade Management:

Binary Options: Enter trade once all conditions align, with an expiration of 3-5 candles.
Forex: Enter trade with a predetermined stop loss and take profit ratio, typically around 1:1.5 or 1:2 risk-to-reward, adjusting based on the currency pair's volatility.

Additional Tips:

Avoid entering trades during low volatility periods (e.g., before market open or during major news releases).
Test in a demo account to gain familiarity with how the indicators align in real-time.
Adjust settings based on the timeframe and currency pair to optimize entry points.

This strategy uses price action principles along with trend-following and momentum indicators, making it effective for both binary and forex trading when executed under suitable market conditions.