Woodies cci binary options strategy.
It can also be used as is shown in this example, to pick out reversal trade conditions on specific time frames.
- 3 trading strategies to use with Woodies CCI
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- Woodies Binary options trading strategy - Binary Option Class
Time frame trading is one of the hallmarks of successful binary options traders. Recommended Trading Sessions: Any time the signal appears on the charts. Currency Pairs: Any. Other assets can also be traded.
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Download Buy Call Trade Example Click the image for full size Strategy The strategy is to trade the candle which bounces off the horizontal line traced on the grid to correspond to when the All Woodies indicator crosses the zero line from one side to the other. Tracing the lines on which the strategy is based is crucial for trade success.
The first step is to look at the chart for a time frame where the indicator is crossing from negative to positive and vice versa. The time chart which is displayed on the indicator window with this characteristic is then opened.
Money Management Rules
A grid line is drawn from vertically from the point where the indicator crosses the zero line to the candle in view. Call Entry Rules A Call trade setup occurs when the following is seen on the chart: Select a time frame where the indicator shaded bars are crossing from negative to positive.
For this example, this is seen on the 1-minute chart. Draw a vertical line from the zero point on the indicator window where price is crossing from negative to positive upwards to meet a candle. Next, draw a horizontal line to cut across take and make money vertical line, and also across any area where woodies cci binary options strategy candles have formed lows that can be traced with this horizontal line.
Allow the next candle that forms to retrace to the horizontal line, then enter a CALL trade. Expiry Time The expiry for this trade is 2 candles, which for this chart is equivalent to 2 minutes. So you can actually trade this setup using the 2-minute short term binary option on whatever platform where this is listed.
Put Entry Rules A PUT entry setup occurs when the following is seen on the charts: Select a time frame where the indicator shaded bars are crossing from positive to negative. For this example, this is seen on the minute chart.
Draw a vertical line from the zero point on the indicator window where price is crossing from positive to negative upwards to meet a candle. Next, draw a horizontal line to cut across the vertical line, and also across any area where two candles have formed highs that can be traced with this horizontal line.
Otherwise, you can allow the next candle that forms to retrace to the horizontal line, then enter a PUT trade.
How to use it in trading?
Expiry Time The trade should last only 2 candles, which is equivalent to 30 minutes for this example. It is therefore suited mostly for intermediate or advanced binary options traders. Share Now!