Binary option Strategy “Scalping with use of Parabolic Sar + CCI” for OTC market.
Binary option trading is a common practice in all countries of Europe. But this market is trading from a foreign exchange to a risky investment. If trade is done with the right understanding and with the right strategy, then it can achieve success. The right use of time and strategy can achieve success in the Binary option market. Trading in the OTC market is not as intense as is done in the normal trading horse. This market relies solely on strategies and money management.
It is important to take proper care of every investment and take full care of money management. For trading in the OTC Market, today I will tell you about a strategy that will help you trading in Binary option OTC trading.
Strategy “Scalping with use of Parabolic Sar + CCI”
This strategy is based on Parabolic Sar and Commodities Channel Index indicators. That’s an impulse scalping strategy founded on the current price trend.
Pairs: EURUSD, AUDUSD, GBPUSD.
Тime-frames: M1, M5.
- EMA50 on M1 time-frame
- EMA21 on M5 time-frame
- CCI (45).
- Parabolic Sar (0.02, 0.2)
Long positions should be opened whenthe point of the Parabolic Sar indicator is located above the EMA’s line and the value of the CCI indicator is more than 100.
Short positions should be opened when the point of the Parabolic Sar indicator is located below the EMA’s line and the value of the CCI indicator is less than 100.
Target: EURUSD (7-12 points), AUDUSD (5-8 points), GBPUSD (7-15 points).
Stop Loss level should be placed at the EMA level.