635# Cloud with Nez alert
Submit by Joy22 15/04/2015
Cloud with Nez alert is a trend following strategy that works well for also for trading for binary options and options. You can also to apply this template with renko chart with great results. I love this template.
Time Frame 30 min or higher.
Expiry time for Binary Options high/Low 12-15 candles.
For options you can use a time decay calculate on 12-15 bars.
For renko chart box size 10 pips or higher. See here renko chart.
Trend Indicator as filter on the current time frame.
Cloud setting time frame 4H (D1) for the major trend ( with time frame 30 min or 60 min setting 240 ), time frame daily (weekly W1).
Trading Rules Cloud with Nez alert
Nez alert arrow buy.
Trend alert blue,
Nez alert arrow sell.
Trend alert yellow,
Exit at the first opposite arrow of Nez indicator or with profit target predetermined.
Initial stop loss at the previous swing High/low
For trading with options
Price at the decay is > the previous resistance.
Put price at decay is < the previous support.
Simple and effective.
In the pictures Cloud with Nez alert Trading System.