153# Holy Trend
Channel trading filtered with momentum
Submit by Lorenz 16/09/2015
Holy trend is a trading system price action trend-momentum. There are many strategies based on this method. Holy trend has a robust momentum filter.
This strategy is good for tradin intraday and for binary options high low.
Time Frame 15 min of higher.
Financial Markets: any.
Expiry time for binary option 3-4 candles.
Trend direction Force 3 period with RSI 14 Period.
Commodity channel Index, OBV and Money flow Index.
Stochastic (5,3,3) optional.
Trading Rules Holy Trend
When the price bounce or broken the lower band wait the binary arrow buy signal.
Trend Direction crosses upward RSI,
CCI and Money flow index crosses upward OBV
When the price bounce or broken the upper band wait the binary arrow sell signal.
Trend Direction crosses downward RSI,
CCI and Money flow index crosses downward OBV.
Exit Position at the opposite dynamic support/resistance or with ratio 1.3 stop loss.
Place initial stop loss below/above the bands.
In the pictures holy trend in action.