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Re: BINARY OPTIONS TRADING STRATEGY & IDEAS

Banzai, Mon Aug 12, 2019 4:07 pm

Snake Blood Strategy
Three Heiken Ashi Trading System
For Binary Options and Forex trend following system

Snake blood is a trading system designed for binary options on a time frame of 1 min time with a five minutes of expiration. But the strategy can be used to trade Forex at all time frames. Snake blood trading system is a trend following based on three Heiken Ashi bars of different period (long, medium and short) with an optional but recommended momentum filter. The signal is generated by the alignment of the Heiken Ashi, so we have a strong signal when all three Heiken Ashi are aligned and a weak signal when two are aligned. Furthermore the system is equipped with an arrow for short direction and understanding the alignments but is not decisive. The first interpretation that condition of this strategy is purely trend following, but an additional filter of support and resistance can also be added.

In Forex, excellent results were obtained with the range bars (highly recommended).
Range bar setting 4-7 pips for scalping. 8-12 pips for day trading (very good).

Trade: Binary options
Timeframe: 1 min or higher
Expiry time 3-5 min
Currency pairs:Major, minor stock indices and commodities.

Metatrader 4 indicators
Heiken Ashi (1, 5, Short).
Heiken Ashi (1, 40, Medium).
Heiken Ashi (1, 188 Long).
Arrow with alert.
Rsioma pre filtered nmc (RSI method 2, 25, speed 3)
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Trading rules Snake Blood Strategy
Buy/Call/Long
3 green Heiken Ashi aligned + arrow buy and RSIOMA green color (but this is optional) standard signal.

Sell/Put/Short
3 red Heiken Ashi aligned + arrow sell and RSIOMA red color (but this is optional) standard signal.
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Exit position is the next arrow, but being a strategy aimed at people already familiar with Forex is discretionary. Initial stop loss on the previous swing high/low.
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