Technical strategy : Heiken Ashi + ADX + Stochastiс trading strategy.
Today I will tell you about another technical strategy.These strategies are 5 min. Good support on time frame.Forex or any other stock can have these good results. Specially for binary option trading this is a good strategy. The settings of this strategy are as follows.
Trading pairs: the strategy fits all instruments.
Indicators: Heiken Ashi.Stochastic (5, 3, 3),ADX (14).
# When to enter a long position.
The price of the instrument is above Heiken Ashi moving average while two Bullish candles in a row have formed on the chart. At the same time, ADX indicator is at the inside level above 22 points and shows an upward trend, and Stochastic is moving up.
# When to enter a short position.
The price of the instrument is below Heiken Ashi moving average while two Bearish candles in a row have formed on the chart. At the same time, ADX indicator is below 22 points and shows a downward trend, and Stochastic is moving down.
# When to exit.
Take Profit: 10-15 points. Stop-loss: 5-10 points. Close long positions after a 15 points rise in the price. Close short positions after a 15 points fall in the price.
If want to use in binary option, set 15 to 30minutes expiry time for every trade.