Binary Options: End of Day Strategy

[Dzunani]

Binary Options: End of Day Strategy

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Markets: Forex, Commodities, Indicies

Time Frame H1, Exipers time End of the day.​

Indicators:
Average Directional Movement Index default setting (ADX 14). A level of 33 is added.
Moving Average Smoothed (21 period slow);
Moving Average Smoothed (9 period fast).

Buy Call​

Wait for the Moving Average (9 period) to cross above the Moving Average (21 period) and the ADX is> 33 level.
2. Take an entry when the price comes back down to touch the Moving Average (9 period).

Buy Put​

Wait for the Moving Average (9 period) to cross below the Moving Average (21 period) and the ADX is> 33 level.
2. Take an entry when the price comes back down to touch the Moving Average (9 period).

Very important, do not use this binary options strategy on currencies, commodities, indices that have a positive correlation with correlation R> 0.7, or negative R <-0.7.​

 

[earlyuji]

Very important, do not use this binary options strategy on currencies, commodities, indices that have a positive correlation with correlation R> 0.7, or negative R <-0.7

What does this mean sir?

 

[Dzunani]

Very important, do not use this binary options strategy on currencies, commodities, indices that have a positive correlation with correlation R> 0.7, or negative R <-0.7

What does this mean sir?

Correlation between two currencies for example: If EURUSD and GBPUSD have the mentioned correlation.

 

[zaccypoomegatron]

Correlation is a bit of a double edged sword, almost like just doubling your position on the one pair, cos if one goes south they both do. That dude who owns MONA in Tasmania got rich from correlated spread betting, that is sports though

 

[mohanterence]

Interesed in trying this indicator. Looks promising.