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MA based Binary Options strategy EndOfDay

“EndOfDay” –  moving average based, end of day binary options strategy is a very simple yet stress free trading strategy. However, it does require the trader to look for the right signals, which can either occur early into the day or just a few hours before the end of the day.

  • Chart Time frame: 1 hr

Who is this strategy ideal for?

If you prefer to make use of a slower approach to trading binary options, then this strategy makes perfect sense. It is also beginner friendly because it makes use of just two indicators (moving averages and ADX) and is very simple to implement.

Indicators

  • Moving Average (21, smoothed and 9, smoothed)
  • ADX oscillator (14) with level 33

Download “EndOfDay” tpl file >>

EndOfDay – Binary Options Signals

For Call options

  • Wait for a bullish moving average cross over (9 crosses above 21)
  • Place a Call Option after ADX rises above 33 with end of day expiry

For Put options

  • Wait for a bearish moving average cross over (9 crosses below 21)
  • Place a Put option after ADX falls below 33 with end of day expiry

EndOfDay Examples

Call Option

  • 9 MA crosses above 21 MA
  • ADX is also above 33
  • A Call option is placed on the next candle open with end of day expiry
  • Trade resulted in a profit

Put Option

 

  • 9 MA crosses below 21 MA
  • ADX is also below 33
  • A Put option is placed on the next candle open with end of day expiry
  • Trade resulted in a profit

EndOfDay Binary Strategy  – Tweaks and Tricks

Place the contract (Put or Call) on the next candle open. Best results are when the moving average cross over gives a signal first and then the ADX falls or rises above 33.

Conclusion

A very simple and smart trading strategy, which when applied correctly can result in some great profits. It is however essential that you place your binary options trades as soon as the new candlestick opens.

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