224# Ultimate Arrow Binary Strategy

Zig Zag Strategy

Zig Zag Price Action with Momentum

Submit by FreddyFX

 

Ultimate Arrow Binary Strategy is a price action trading system based on Zig Zag and an super momentum indicator formed by (Stochastic oscillator, CCI and RSI).

 

This strategy is for trading with Binary Options high/low and for Scalping.

Time Frame 1 min or 5 min.

Expiry time 15 candles.

Metatrader Indicators:

Ultimate Arrow is a slow zig zag setting: 115, 130, 80;

Border line lenght 61, ATR multiplier 2.6, ATR period 110;

Super momentum indicator 3 in 1 formed by following indicators:

Commodity Channel Index 21 period, close.

RSI 21, period, close;

Stochastic oscillator 24, 10;

Fast MA 3;

Slow MA 7;

levels 40 and -40.

 

Trading Rules Ultimate Arrow Binary Strategy

Buy or Call

Price out the low border line.

Buy arrow of ultimate arrow.

Super momentum below -40 level.

Initial stop loss below low swing.

Profit target 5-10 pips depend by pairs.

 

Sell or Put

Price out the high border line.

Sell arrow of ultimate arrow.

Super momentum above 40 level.

Initial stop loss below low swing.

 

Profit target 5-10 pips depends by pairs.

In the pictures Ultimate Arrow Binary Strategy in action.

Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy

Ultimate Arrow with two Bollinger Bands

In this template I have two Bollinger Bands for to filter the entries.

Bollinger Bands 25 period, deviation 2

Bollinger Bands 25 period, deviation 3.

Ultimate Arrow with two Bollinger Bands rules

Buy

Ultimate Buy arrow

Super momentum below -40 level.

Price touches or out the lower BB (25-3).

Price came back into BB (25-2.0).

Entry when the price open into BB (25-2.0).

Make profit at middle band.

 

Sell

Ultimate Sell arrow

Super momentum below +40 level.

Price touches or out the lower BB (25-3).

Price came back into BB (25-2.0).

Entry when the price open into BB (25-2.0).

Make profit at middle band.

 

This is a improvement of the system.

Ultimate Arrow with two Bollinger Bands
Ultimate Arrow with two Bollinger Bands
Ultimate Arrow with two Bollinger Bands
Ultimate Arrow with two Bollinger Bands

Share your opinion, can help everyone to understand the forex strategy.

COPY CODE SNIPPET
Comments: 4
  • #4

    Roolf (Sunday, 17 September 2017 15:31)

    This is a price action strategy.
    Repainting is normal!!!

  • #3

    James (Sunday, 17 September 2017 13:12)

    Yes.

  • #2

    James (Wednesday, 13 September 2017 19:59)

    I don't know.But it looks like a repainting indicator.I think it's a worthless indicator

  • #1

    Badr (Wednesday, 06 September 2017 21:39)

    Hello, the arrow repaint?

Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy
Ultimate Arrow Binary Strategy.rar
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ultimatearrowB.rar
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