261# Snake Blood Strategy
Three Heiken Aschi Trading System
For Binary Options and Forex trend following system
Submit by Dimitry
Snake blood is a trading system designed for binary options time frame 1 min time and five minutes of expiration, but the strategy turned out to be excellent also for forex at all time frames. Snake blood trading system is trend following based on three Heiken Asci bars of different period (long, medium and short) with an optional but recommended momentum-momentum filter. The signal is generated by the alignment of the heiken ashi, so we have a strong signal when all three heiken aschi are aligned and a weak signal when two are aligned. Furthermore the system is equipped with arrow for short direction and understanding the alignments but is not decisive. The first interpretation that xcondividual of this strategy is purely trend following, but an additional filter of support and resistance can also be added.
Binary options Expiry time 3-5 min (TF 1 min).
On forex excellent results were obtained with the range bars (highly recommended). Range bar setting 4-7 pips for scalping. 8-12 pips for day trading (very good).
Time frame 1 min or higher.
Currency pairs:Major, minor stock indices and commodities.
Metatrader 4 indicators
Heiken Ashi (1, 40, Medium).
Heiken Aschi (1, 5, Short).
Heiken Aschi (1, 188 Long).
Arrow with alert.
Rsioma pre filtered nmc (RSI method 2, 25, speed 3)
Trading rules Snake Blood Strategy
Buy or Call
3 green heiken aschi aligned + arrow buy and RSIOMA green color (but this is optional) standard signal.
Sell or Put
3 red heiken aschi aligned + arrow sell and RSIOMA red color (but this is optional) standard signal.
Exit position is the next arrow, but being a strategy aimed at people already familiar with forex is discretionary. Initial stop loss on the previous swing high/low.
In the pictures Snake Blood Strategy in action.
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