5 Minute Binary Option Wisdom Skills

Homemade Strategies – Okane 15-30 Minute Strategy, Simple and Assisting

When I first attempted to create my own strategy my goal was to develop a organization that could eliminate doubts and indecision out of the equation. I needed confirmation, a solid strategy with unproblematic rules that could be followed and traded mechanically. Today, with months of preparation, I take the skills to fully benefit from the great trading opportunities it offers. If you are a newbie, you can follow the rules and trade this strategy mechanically until you larn the skills necessary to sympathise the reasons behind the rules. Once you’ve reached that land you will also exist able to take consummate advantage of my strategy. Hence I can recommend this strategy to both newbies and more experienced traders!

Okane’s 15-xxx Infinitesimal Strategy
 MT4 Setup

Downloads bachelor at the bottom of the page

1. Add together 3 exponential moving averages with the following periods:
200 and 50. 21 is helpful but it’s optional.
2. Add together (5, iii, 3) Stochastic Oscillator with the post-obit levels: eighty and 20.
3. Add RSI with value four and the post-obit levels: 75 and 25.
4. Add FiboPiv_v2

Few words about the FiboPiv:

This is an indicator that calculates and draws S/R-lines on your nautical chart. The accurateness of these lines are very high. I advise newbie traders to not trade near these lines until they understand price action well, peculiarly the pivot-line. Sometimes toll is in indecision around the pivot-line, which means y’all tin’t identify a clear tendency. After you lot understand how price reacts almost important S/R-lines you tin utilize them to your reward. You tin learn most the PivotCalc hither.


How does this Strategy Piece of work?

First you need to confirm the direction of the trend. The moving averages are the very useful tools for this chore. To identify a trend get to the xv-minute chart and see if the candlesticks are under or to a higher place the 200-EMA AND the fifty-EMA. To make certain the trend is non in a state of consolidation or about to alter direction it’s important to place previous highs and lows. To locate these highs and lows simply marking the areas where stochastic oscillator showed overbought/oversold levels. Cheque to see if price is stepping downwards and is under the 200 and 50-EMA, if that is the case await for lower highs and lower lows. If price is stepping upwardly it should exist creating higher highs and higher lows above the 200 and 50-EMA. The goal is to find these “steps” or small retracements inside the trend.

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-For Phone call options:
enter at college lows, candlesticks should be above the 200 and l-EMA and oversold levels on both Stochastic and RSI


-For Put options:
enter at lower highs, candlesticks should be under the 200 and fifty-EMA and overbought levels on both Stochastic and RIS

Here is an example of a 15-infinitesimal chart of USD/JPY:

okane strategy

The ii vertical red lines show the lower highs at overbought areas on the fifteen-minute chart. Detect that these two highs are also under the 200 and the 50EMA. These are good locations for Put-Options.

You can actually find two more Put opportunities if you lot look carefully. Notice that the distance between the 50 and 21-EMA is becoming narrower on the correct side in the picture and Doji-candles are forming. This is not a good identify for Put-options even though Stochastic and RSI are overbought.

How to pick an entry later on you take confirmed the trend direction?

Depending on whether y’all are a newbie or an experienced trader the approach differs.

Method ane:

First approach is for the newbies who want to trade this mechanically until they go skilled. In the instance higher up let’due south pretend you are just seeing the candles form a lower high, look at the second vertical red line from left. Stochastic and RSI are near to touch overbought levels. You must let the current bullish 15-minute candle to end and ostend that the retracement is over. In lodge to ostend the bullish move is over, alter to the v-minute chart and see if a five-minute bearish candle forms.

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Example of a Put Option in a downtrend

In this movie the charts are showing the aforementioned currency pair as in the movie above, USD/JPY. Simply this time you are looking at the five-minute timeframe. Observe how the candles are endmost lower and lower (in circumvolve). This indicates that the loftier is probable to be over. Pay attention to the overbought areas too. The Stochastic and the RSI are now crossing the overbought levels and are heading down. The entry is subsequently this 5-minute surly candle is airtight. Depending on the market volatility choose between 15-infinitesimal or 30-minute death.

Okane Strategy preview

Method 2:

This approach tin can be applied past avant-garde an experienced traders who accept bones candlestick cognition, you know how to use toll action, you are good at drawing Southward/R-lines and you lot empathise volatility. And so, instead of waiting for a 5-minute bearish candle to form yous tin can get more than precise entries past switching to the 1-infinitesimal fourth dimension frame and drawing S/R-lines. Remember though, the M15 and the M5 notwithstanding take to exist overbought!

Here is a flick of the 1-infinitesimal nautical chart of the same currency pair in the pictures above:

Okane Strategy

Detect how cost resisted at the second golden line from bottom to top. Detect the pin-bars indicating cost was forced down. Your entry here would’ve been before than in method one, meaning you entered at a higher price. So basically, using cost action, in that location is no demand to wait for a full v-infinitesimal candle to finish in the direction you want to trade. Toll failing to proceed upwards confirmed the retracement was over and thus gave you a better entry.

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You can apply the same methods on Telephone call Options, simply look for higher highs and higher lows as I mentioned earlier.

Why does this strategy suck?

Not so surprisingly, this strategy does not work in Whatsoever market condition. But then again, I don’t know any strategy that does. The main issue is being able to patiently look for all of the right marketplace conditions to line up for y’all. This could accept a while, some days you can’t trade anything because market is simply not “stepping” in any direction but rather jumps volatilely betwixt different support and resistance areas. Furthermore, it can be quite hard for beginners to notice the best entries.

Why this Strategy
doesn’t
suck?

This strategy provides with enough confirmations to induce the trader to take a trade. During the fourth dimension I’ve tested this strategy information technology has proven to exist pretty accurate. The rules are elementary to follow. This strategy likewise teaches you lot trend identification and lets yous do on your price action skills!

Conclusion – Check out Okane’s Diary to Learn More!

Whether this strategy sucks or non depends entirely on how well you understand the reasons behind the rules of this strategy. Try it out on a demo account beginning. You can benefit from my trading diary and the forum thread I started virtually this strategy. Some of your questions might have been answered already in these threads!

 Downloads Available:

  • Okane 15-30 Mins Strategy Set-Up download
  • FiboPV indicator to download

Source: https://www.thatsucks.com/homemade-strategies-okane-15-30-minute-strategy-simple-and-profitable/

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