Chart Setup: Simple strategy with MA (12,close) / AO / Stoch (12,3,3)
Time Frames: 5M Chart 10-15M Expiry
Rules: ------------ SHORT: 1. Moving average MA (green color line) must pass through the body of the candle and be above the next candle 2. Awesome Oscillator indicate their movement to the level of 0 3. Stochastic at the overbought zone (70 to 100) with down direction 4. When all three signals coincided, we buy an option for long with expiration time 2-3 candles (10 - 15 minutes).
LONG: 1. Moving average MA (green color line) must pass through the body of the candle and be under the next candle 2. Awesome Oscillator indicate their movement to the level 0 3. Stochastic at the oversold zone (0 to 30) with up direction 3. When all three signals coincided, we buy the option expiry time above with 2-3 candles (10 - 15 minutes).
Hi Roman, I am new to binary trading options. Is there a simpler way ( layman's language) to explain your rules? Could you please direct me to where I need to start learning these charts. Thanks in advance for your advice.