Binario Forex strategy is based on the entrance to the market at the break and following the trend, it can be used for trading on H1 and all other time slots, more useful it can be for beginners, because It is a very simple strategy Forex.
I recommend selecting a Broker Forex with companies trading terminal Metatrader 4.
Basically Binario strategy was tested on the currency pair GBP USD, but I think it may well be used for all other currency pairs absotyutno equal degrees of success.
On the hour (H1) schedule for the chosen currency pair, you must put "Binario lines", which are the 2 moving averages:
exponential moving average with a period of 144 to the maximum prices (apply to High) - EMAH 144.
exponential moving average with a period of 144 to a minimum price (applied to Low) - EMAL 144.
These moving averages EMA will give us an opportunity to find a short-term and medium-term trend in the market.
Basic rules for transactions of forex strategy Binario:
1. Wait until the price will be in the Ryan «Binario» lines, and then wait for the breakdown of the cost of one of these lines.
2. Place a pending order BuyStop at a distance of 25 points + the value of the spread above the upper line Binario.
3. Place a pending order SellStop at a distance of 25 points + the value srpeda BELOW Binario bottom line.
4. A safety stop-loss for a trading position to buy, place 1 point below the bottom line Binario.
5. Safety stop-loss for trading positions for sale, place 1 point above the top line Binario. To adjust the stop-loss orders of open positions, use the trailing stop (the value and step depends on the chosen interval and the currency pair).
6. Install the TP level (take profit) - or a standard value (for example, 100 etc.), or to install important levels or Fibonacci extension.
7. Trading position should always be adjusted when changing the values of the moving average EMA.
8. Exit the trade position is to achieve the objective for profit or for stop-loss order.
