Okay fellas I am going to share a very very very secret strategy with you guys, Please dont make brokers bankrupt lmaooo
I am joking its just another strategy which will fade away in BOE but I have been working on it for quite a while now and I think its ready now.You can watch and move on or try it and maybe you will be glad u did LOL!
Anyways this strategy is for spot and nadex binaries only.It can be used for regular bins too but thats another day.
Here it goes -
Indicator Used -
Tenkan-Sen,we can call it TK ( A part of ichimoku),Setting : 7 periods.
ADX - Standard setting of 14 with a 20 level.
Stop Loss : 15pips
Take Profit : 20pips
Time to trade : London open to Londong close
Pairs: It can be used on any pair but I prefer EUR/USD and GBP/USD.
Time Frame - 5m ( can be used with any tf but SL and TP will different)
Buy Rules :
1 . Candle needs to cross Tenkan and close above the Tenkan.
2. Positive DMI of ADX needs to be CLEARLY above the 20 level.
Sell Rules :
1. Candle needs to corss Tenkan and close below the Tenkan.
2. Negative DMI of ADX needs to be CLEARLY above the 20 level.
THATS ALL!! NICE AND EASY LOL
As I said earlier I didnt forward test it but did extensive back testing and results were great. Below are the trades done by the book for this whole week since Monday to Thursday between 6am to 12pm( thats a realistic time for me to be able to trade so I wouldn't look at other times, you should do the same test it as per times you will be able to trade)
Thats 250 pips in 4 days which translates to $2500 if traded 1 lot, from there you can just imagine things lol
Just give it a try and thanks me later.