272# Binary TMA Channel
TMA Trading with Slope
Price action Binary strategy with TMA
Submit by Alex
Binary TMA Channel is an strategy for Scalping and Binary options high/low trading. The strategy is based on more tma bands and Slope line indicator. The idea behind this strategy is to create with a group of several TMAs with different settings of relative overbought and oversold zones, where, trades are generated when the slope line changes direction in the opposite direction.
Timeframe: M1 or higher.
Currency pairs:
any
Expiry time10-15 minutes.
Metatrader 4
Indicators:
7 TMA bands with different settings.
Slope Direction Line 7 period method 3
Symbol changer limited version 1.11
B-clock
Trading
Rules Binary TMA Channel :
CALL
or BUY
1. The price has crossed green bands of the lower channel.
2. Slop Direction Line is in the lower TMA channel.
3. When slope line indicator changes color from red to green.
wait for the current candle to close and buy at the next candle opening.
PUT or SELL
1. The price has crossed red bands of the upper channel.
2. Slop Direction Line is in the lower TMA channel.
3. When slope line indicator changes color from green to red
wait for the current candle to close and buy at the next candle opening.
Exit position
Place initial stop loss 2-4 pips below the last lower/upper band.
Profit target at mid
In the pictures Binary TMA Channel in action.
