3# 3° Candle Binary Options High/Low Stategy
Binary Options High/Low
Submit By Janus Trader 03/06/2013
Markets:Any
Time Frame 15 min or higher.
Binary options Strategy Rules
1. Find the third candle
2. Enter your trade at the start of the third
candle and wait that candle closed.
-Identify the current trend.
(For example: use 50SMA or 100sMA to
identify the current trend. If the price is above
the SMA – the current trend is up or opposite)
You may also use a Stochastic indicator with
parameters 5.3.3 to filter your trades. If the
direction of the stochastic is opposite of your 1st
and 2nd candles it is better not to trade at that
moment and wait for the next “1st candle figure”.
-Open a 60 min chart or other time Frame and find the “first
candle”.
“The First Candle” is between two
candles, and it is the highest or the lowest of
those three candles.
Look at the chart below:
The 1st candle is located between two candles
and it is the highest (or lowest ) of the 3.
-Now if you look to the right of the 1st candle is
the 2nd candle and the next is the 3rd candle –
the most important for us. This system based
on the 3rd candle.
If look on your chart you will see a lot of “three
candles figures” and all of them are great
trading opportunities!
Binary Options strategy: Trades
We BUY at the very beginning of the 3rd candle
if the current trend is up and your candles
figure is going up
We SELL very beginning of the 3rd candle if the
current trend is down and your candles figure
is going down.
There is ALWAYS an opportunity to make a win trade.: all you have to do is to open few pairs charts and you will always find your 3 candles on
some pairs!
When not to trade
- do not trade 1 hour before and after
major news or big events
- when the 3rd candle is against the current
trend
- when the second candle closes “inside” the
1st candle:
This also a scalping system ( 3° Candle Scalping system) with this exit setup:
Take profit
Your target is 10 pips. You can also try to use a
trailing stop order to maximize your profit.
Stop loss
Stop loss needs to be placed above or below
the second candle: If you BUY – place a stop 1
pip below the 2nd candle, if you SELL – place a
stop 1 pip above the 2nd candle.
Time frames
This Scalping system can be used with higher time frame.
In this case make sure to set your take profit
target more than 10 pips.
Jeannie (Sunday, 28 June 2020 07:31)
That is the same as William's fractal trading. The first candle ( which is the middle candle) the highest point or lowest point. What forms the arrow is if you are trading with the trend then the first two candles to the left must be higher then the first candle reds candles(middle candle must be the lowest red or green) and the second two candles must be higher green. The key the third must close higher then the lowest point not within the first candle .the next candle should be you trade candle. It's like trading a "V" third candle should close higher than first and second. It's like waiting for a pullback of 2 red candles closing towards the ema and reached its lowest point and taking a buy on the 3 candle confirmation because the arrow formed by the second candle so the third is your trigger candle. I hope this clarifies.
PROXXTRADER (Wednesday, 20 May 2020 17:02)
Arrow appears after the event occured. Whats the use of that?
Amit Shinde (Tuesday, 16 April 2019 18:27)
Hii
Muzaffar Djuraev (Saturday, 27 June 2015 11:56)
guys, it is indeed excellent strategy you may ever trade. I m sure u barely find such solid strategy online.
John (Friday, 12 June 2015 14:31)
Does anyone knows how to set the arrow to appear one candle earlier.
davide (Sunday, 12 October 2014 18:21)
candle 1° or 3° ???????????????????
ardian natakusuma (Saturday, 07 June 2014 00:58)
i just download 3rd candle then i apply to mt4.
the arrow is 1st candle or 3rd candle?
Brandon (Saturday, 08 March 2014 17:12)
Even if you give the perfect strategy to 100 traders, only 10 will be successful because people don't follow rules. This strategy works really well. You must follow the rules in the description though.
glb (Friday, 15 November 2013 22:16)
it will lose you more then it will win. see on history.
instar (Saturday, 09 November 2013 12:17)
I think,he mean high or low of candle, not close price
sergio bentes (Saturday, 26 October 2013)
My question is the same of B50, about the first picture, where the second candle closed inside the first candle. Is it possible to explain with more details?
B50 (Sunday, 20 October 2013 13:58)
in your first pic with 3 entries you took the second signal but why? the second candle closed in the first candle.
B50 (Sunday, 20 October 2013 13:56)
interesting, so we should entry only with signals that follow the trend even if there are good signals against the main trend?