Forex Money Arrow Trading Strategy is an indicator system that can be successfully used for profitable binary options trading, as well as for scalping.
Forex Money Arrow trading strategy is designed for binary options and is based on a combination of trend indicators, oscillators and support and resistance zones.
The Forex Money Arrow strategy uses the lowest time frames for trading, so it can be used for scalping.
Input parameters
- Currency pairs: main, commodity assets, indices
- Timeframe: M1 and M5
- Binary options expiration period: 3-5 candles for M1, 5-7-10 candles for M5 (depending on the distance to the support or resistance zone)
- Bidding Time: London, New York
- Risk management: choose such an option volume so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Bollinger Bands Stop (20, 2)
- Support and resistance idicators
- Heiken Ashi smoothed (15)
- OsMa (default).
- MACD (6, 14)
- BMA Power (20, 12, 26, smooth 5, deviation 1.0)
- BMA trend (12, 26, 10, deviation 2.5)
Installation of indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL4 folder -> indicators
- We copy the templates to the templates folder
- Restart the terminal
- Open the chart of the desired currency pair
- Install the template named Forex Money Arrow
The graph should look like this:
Signals indicating the purchase of a Call option
- the price is above the support level;
- Bollinger band stop indicator (Fx MoneyArrow01) is directed up;
- Heiken ashi smoothed line is below the price;
- BMA Power indicator point in blue;
- BMA Trend indicator point in blue;
- MACD indicator bar (Binary MoneyArrow05) blue;
- OsMa indicator bar (Binary MoneyArrow03) in blue.
Signals indicating the purchase of a Put option
- the price is below the resistance level;
- Bollinger band stop indicator (Fx MoneyArrow01) is directed down;
- the Heiken ashi smoothed line is above the price;
- BMA Power indicator point in red;
- BMA Trend indicator point is red;
- MACD indicator bar (Binary MoneyArrow05) red;
- OsMa indicator bar (Binary MoneyArrow03) red.
Please note that the author of the strategy used some indicators (OsMa, MACD, Bollinger Bands Stop) under their names, which does not change their essence. In addition, the saturation of the strategy with indicators can cause difficulties, especially for novice traders.
It is likely that experienced traders can replace the 4 used basement indicators with others, reducing their number without losing efficiency.