89# ELR and E75 Binary Options Strategy
Submit by Ludovico 25/10/2014
ELR and E75 are two indicators for binary options trading, but I think that this trading system is also good without binary for trading in the forex and indices.
The strategy that I'm sharing,It's il also good for scalping trading and intraday on more time frame.
For Trading Binary Options High/Low
time frame 5 min or higher;
expyres time two candles.
Markets: Forex, Indicies and Commodities.
ELR color is a great momentum, indicator setting (13,13, 2);
E75 is composed by two bands , stochastic color, with color bars when stochastic is oversold and overbought. (14,3,7).
Rules for ELR and E75 Binary Options Strategy
Aqua bar broken blue band and the price close below the band;
Stochastic oscillator has crossed downward;
ELR color with Orange line is below aqua line;
When these conditions are agree, buy put at the opening of the next bar.
red bar broken blue band and the price close above the band;
Stochastic oscillator has crossed upwardward;
ELR color with Orange line is above aqua line ;
When these conditions are agree, buy call at the opening of the next bar.
For scalping or intraday system exit position:
Make profit with predetermined profit target that depends by currency pairs and the time frame. You can also add. pivot levels for make profit.
The initial stop loss on the previous swing.
For this trading system is important to determine a fast profit. The profitability seem high then don't worry, if you have some losses.
In the pictures ELR and E75 trading system in action.