I'm trading my GoldenTulip Strategy posted elsewhere on this forum and am refining it. Results will follow. I can reveal that the strategy is being transposed to Points & Figures.
In forex we care for the "how far up and down" and what peaks are there on the way that may hit our StopLoss. In Binaries however things are totally different.
Cracking the Binary Safe
As i'm also working for a CFD broker, i'm developing a strategy where only time is the issue in concordance with the factor Up or Down.
What i plan to develop is something totally opposite to my trading strategy. I'm developing an indicator that will
- at specific price movements (trend, reversal, breakout)
- on the 5m timeframe
predict with 67% accuracy (or more) what the direction of the next first candle will be.
Now this need not be fully automated - the eye may be the final factor for placing a bet (as we are talking binary, betting is the better word).
So far with 8,3,3 stochastic i'v reached 57% accuracy on major pairs. I've got an indicator for MT4 that calculates the wins and losses on the spot.
- k% must be over 85 (for short reversal) or under 15 (for long)
- k% must cross d%
By tweaking these settings gave the best results.
I strongly believe...
Binaries are made for innocent bystanders for betting. That's why all these binary platforms do offer fancy graphs but no tools or indicators at all.
I strongly believe that with our forex trading skills we can build a strategy that can be used to make money on the binary market.
So that's why i invite you to think with me here. If we come up with a hands on strategy, i will gladly test it live with a small capital and share these results here.
Semper
