Hello Guys,
Recently I find CCI as more and more powerful indie for binary options, then more i seek into it then more powerful it becomes.
I've came across this interesting strategy:
http://www.binaryopt...g-strategy.html
Wondering if some one could program an indie that would generate arrows/alerts based on this rules.
To use this strategy to trade binary options, you need to have accompanying charting software which allows you to add common indicators. What you are looking for is a long-term trend, often easier to identify in a 15 minute or hour chart.
In the charting window, add a simple moving average (SMA) that tracks the trend you’ve established in the higher timeframe chart. Since the ideal timeframe for trading this strategy is in the minute chart, that means you should be tracking the trend in an hour chart. So the simple moving average should calculate for 60 periods.
The second indicator is the Commodity Channel Index (CCI) which is added to the bottom of the chart at the standard 14 periods. CCI is one of the more sensitive oscillators, and helps measure short-term movement in comparison to the SMA 60.
Entry Rules:
1.- The market just touches the SMA, but the candle closes below it. In this case, wait until the next candle closes and check the CCI. If it’s within the 100 to -100 range (the space between the dotted lines on the bottom chart) then it’s a signal to enter the market.
2.- If the market crosses over the SMA, then wait until it crosses back and closes below again. Check to make sure the CCI is between the 100 to -100 range, and that’s a signal to enter the market.
If neither of those scenarios develops, then hold off on trading.
Lets make it happen http://www.binaryoptionsedge.com/pub...ault/smile.png
Thanks for everyone who may help!
Recently I find CCI as more and more powerful indie for binary options, then more i seek into it then more powerful it becomes.
I've came across this interesting strategy:
http://www.binaryopt...g-strategy.html
Wondering if some one could program an indie that would generate arrows/alerts based on this rules.
To use this strategy to trade binary options, you need to have accompanying charting software which allows you to add common indicators. What you are looking for is a long-term trend, often easier to identify in a 15 minute or hour chart.
In the charting window, add a simple moving average (SMA) that tracks the trend you’ve established in the higher timeframe chart. Since the ideal timeframe for trading this strategy is in the minute chart, that means you should be tracking the trend in an hour chart. So the simple moving average should calculate for 60 periods.
The second indicator is the Commodity Channel Index (CCI) which is added to the bottom of the chart at the standard 14 periods. CCI is one of the more sensitive oscillators, and helps measure short-term movement in comparison to the SMA 60.
Entry Rules:
1.- The market just touches the SMA, but the candle closes below it. In this case, wait until the next candle closes and check the CCI. If it’s within the 100 to -100 range (the space between the dotted lines on the bottom chart) then it’s a signal to enter the market.
2.- If the market crosses over the SMA, then wait until it crosses back and closes below again. Check to make sure the CCI is between the 100 to -100 range, and that’s a signal to enter the market.
If neither of those scenarios develops, then hold off on trading.
Lets make it happen http://www.binaryoptionsedge.com/pub...ault/smile.png
Thanks for everyone who may help!
