Hi everyone,
I have an idea for trading binary, but I suck at it, so I would like to post my strategy and seek some help to, maybe, improve it.
Well this strategy is based on 3 indicators and it is a reversal trade.
I use DeMarker = (4) 0.99 | 0.01
Money Flow Index = (2) 99 | 1
William's % Range = (2) -80 | -20
The idea is simple: When DeM cross 0.99 upward, MFI is equal or above 99 and W%R is equal or above -20 we go short on the next candle;
When DeM cross 0.01 downward, MFI is equal or below 1 and W%R is equal or below -80 we go long on the next candle.
I trade 5 min candle on 5 min expiry.
We can see here 5 win - I made that arrow indicator using the settings above.
But there are days that this strategy is rubbish, and what I would like to see is if someone could help me with it.
If you guys think that this is not a strategy that someone should spend time with, please let me know!
I've been searching for months for a strategy that could get me 4 good entries in a row out of 10.
Thank you