Dear Sal,sal wrote: ↑Tue Sep 05, 2017 1:36 amattached tpl, period seperator for time span, s/r indi with 30,15,5min levels classic type. (indicator have 6 types and see in setting description...you can choose your favourate as well- see snap)Kyo wrote: ↑Tue Sep 05, 2017 1:17 am
Is there a possibility to get your indicators and template for this? I would appreciate it very much.
I’m also trying to find a system based on SR for binary, I’ve tried using fibo on M1 time interval but the outcome wasn’t very satisfying, all the SR drawing indicators in my opinion are also not very good (in terms of consistency), so maybe now I would try pivots as SR. Of course I will give feedback if I find something good.
All the best!
trade in demo and see the movemment of bar reversal when it touch S2/R2 or nearest S/R as per template.
for binary expiry time selection is most important and be done based on the bar touch in which levels reversed in 15/5/30 and balance bars available to complete the 15min period seperator in an hour ( 0.0 -14; 15-29, 30 -44 & 45-49 minuites).
S/R is just like football.. Kick one side and bounce kick from oppsite side . this kcik and rebounce gap/time we can call as period span which is i placed the indi called "period seperator".
hope its clear..
Thank You very much for your response and template. I’ll certainly try it.
I would like to ask what do you think is the best pair for this method. I’ve noticed that some are more trendy (AUDUSD, EURNZD,USDCAD) and some are more suitable to reverse (especially pairs with JPY because candles have wicks) also it depends on market condition on particular day. Sometime reversion is better sometimes trend. I personally trade reversion (never learnt how to trade trend).
What I think is to take put or call on the first touch of the SR (don’t wait) so pairs with wicks candles are better, another thing is the timeframe, I’ve test M1 and M5 and think M5 is more consistent (I use 5 min expiry but don’t enter at the beginning of the candle). Of course the wort thing for this is trendy day.
Can I also ask what mq4 broker are You using for iqoptions, because the data feed can be very different, I personally use AxiTrader.
Thanks for Your response and all the best!