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3# 3° Candle Binary Options High/Low Stategy
Binary Options High/Low
Submit By Janus Trader 03/06/2020
Time Frame 15 min or higher.
Binary options Strategy Rules
1. Find the third candle
2. Enter your trade at the start of the third
candle and wait that candle closed.
-Identify the current trend.
(For example: use 50SMA or 100sMA to
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identify the current trend. If the price is above
the SMA – the current trend is up or opposite)
You may also use a Stochastic indicator with
parameters 5.3.3 to filter your trades. If the
direction of the stochastic is opposite of your 1st
and 2nd candles it is better not to trade at that
moment and wait for the next “1st candle figure”.
-Open a 60 min chart or other time Frame and find the “first
“ The First Candle” is between two
candles, and it is the highest or the lowest of
those three candles.
Look at the chart below:
The 1st candle is located between two candles
and it is the highest (or lowest ) of the 3.
-Now if you look to the right of the 1st candle is
the 2nd candle and the next is the 3rd candle –
the most important for us. This system based
on the 3rd candle.
If look on your chart you will see a lot of “three
candles figures” and all of them are great
Binary Options strategy: Trades
We BUY at the very beginning of the 3rd candle
if the current trend is up and your candles
figure is going up
We SELL very beginning of the 3rd candle if the
current trend is down and your candles figure
There is ALWAYS an opportunity to make a win trade.: all you have to do is to open few pairs charts and you will always find your 3 candles on
When not to trade
– do not trade 1 hour before and after
major news or big events
– when the 3rd candle is against the current
– when the second candle closes “inside” the
This also a scalping system ( 3° Candle Scalping system) with this exit setup:
Your target is 10 pips. You can also try to use a
trailing stop order to maximize your profit.
Stop loss needs to be placed above or below
the second candle: If you BUY – place a stop 1
pip below the 2nd candle, if you SELL – place a
stop 1 pip above the 2nd candle.
This Scalping system can be used with higher time frame.
In this case make sure to set your take profit
target more than 10 pips.
Share your opinion, can help everyone to understand the Binary strategy.
PROXXTRADER (Wednesday, 20 May 2020 17:02)
Arrow appears after the event occured. Whats the use of that?
Amit Shinde (Tuesday, 16 April 2020 18:27)
Muzaffar Djuraev (Saturday, 27 June 2020 11:56)
guys, it is indeed excellent strategy you may ever trade. I m sure u barely find such solid strategy online.
John (Friday, 12 June 2020 14:31)
Does anyone knows how to set the arrow to appear one candle earlier.
davide (Sunday, 12 October 2020 18:21)
ardian natakusuma (Saturday, 07 June 2020 00:58)
i just download 3rd candle then i apply to mt4.
the arrow is 1st candle or 3rd candle?
Brandon (Saturday, 08 March 2020 17:12)
Even if you give the perfect strategy to 100 traders, only 10 will be successful because people don’t follow rules. This strategy works really well. You must follow the rules in the description though.
glb (Friday, 15 November 2020 22:16)
it will lose you more then it will win. see on history.
instar (Saturday, 09 November 2020 12:17)
I think,he mean high or low of candle, not close price
sergio bentes (Saturday, 26 October 2020)
My question is the same of B50, about the first picture, where the second candle closed inside the first candle. Is it possible to explain with more details?
B50 (Sunday, 20 October 2020 13:58)
in your first pic with 3 entries you took the second signal but why? the second candle closed in the first candle.
B50 (Sunday, 20 October 2020 13:56)
interesting, so we should entry only with signals that follow the trend even if there are good signals against the main trend?
How to Download and Use the Best Candle Timer Indicator for MT4
Reading time: 11 minutes
This article will show you how to download one of the best candle timer indicators available to professional traders for Metatrader 4. We’ll also take a look at how such a candle indicator might be used in conjunction with a short-term FX candle trading strategy.
Why is Timing Important In Forex Trading?
There is an old adage which says that in comedy, timing is everything. There are many short-term investors that would argue the same holds just as true for trading. If you’re a long-term trader, the precise timing of when you enter a trade—while still important—isn’t totally vital. When you start to shorten up your trading time frame though, the exactness of your timing starts to play an increasingly crucial part.
Consider a long-term trend follower. They might only need to look at their charts once a day, to check whether the latest daily bar is signalling to enter a trade or not. An hour lost here or there makes little difference to their profit, in the context of the weeks or months that they might hold a trade.
In comparison, the short-term trader needs to be aware of what is happening much more frequently than this. For the short-term trader, the clock is always ticking. Being ready for when the next candle on their chart appears, means being ready for a potential trading signal. That can mean the difference for a scalper between a profit and a loss. But how can you tell from a mere glance when a new candle will appear?
Well, this is where candle timer indicators come into play. A candle timer indicator counts down how much time remains in the current candle of your chart. Candle timers display exactly how many minutes and seconds remain before the current candle closes, and a new one opens. This allows you to be on the ball as soon as the next candle appears.
How to Download a Candle Timer Indicator for MT4
There is no candle timer indicator in MetaTrader 4 (MT4) that comes as part of the standard package of tools and indicators. This means you’ll have to find a custom indicator to download, if you want to use a candle countdown timer. As is usually the case when it comes to custom indicators, there’s a fair amount of choice out there. A quick online search will show you that there’s a number of ‘Candle Countdown’ indicators available, and most will do exactly what they claim to do.
The main variation you will find is in how much flexibility they afford you in terms of configuring variables. Some are much better than others in this area. For instance, the Admiral Candle Countdown indicator offers a high degree of flexibility in this area. Luckily, it also comes as part of a larger package of tools and indicators included free with Admiral Markets’ MetaTrader 4 Supreme Edition plugin.
Click the banner below to receive your FREE MetaTrader 4 Supreme Edition download!
A lot of custom indicators are put together by enthusiasts, but the extensions available with the MetaTrader 4 Special Edition plugin are all coded by professionals. The 15-minute EUR/USD chart (featured below) demonstrates the default style offered with the Admiral Candle Countdown indicator:
Source: MetaTrader 4 Supreme Edition – EURUSD 15 Minute Chart – An example of the Admiral Candle Countdown Indicator – Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell any financial instrument provided by Admiral Markets (CFDs, ETFs, Shares). Past performance is not necessarily an indication of future performance.
The countdown appears in white text in the bottom right hand corner of the screen, right next to an hourglass icon. You can very easily configure the location, the size, and the colour of the indicator, to suit your preferences, along with several other variables. When you first launch the indicator, you can see the list of configurable attributes by selecting the inputs tab. Double-click on a listed input to change its value.
Source: MetaTrader 4 Supreme Edition – Custom Indicator – Admiral Candle Countdown – Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell any financial instrument provided by Admiral Markets (CFDs, ETFs, Shares). Past performance is not necessarily an indication of future performance.
With the options available, you can position the MT4 candle timer just about anywhere you want on your chart. As you can see from the screenshot above, there are five main choices: any of the four corners, or in line with the price. You can also fine tune these positions by entering values for X and Y coordinates.
In the screenshot, the trader has selected the countdown timer to appear in line with the price. For this to work, you need to ensure that you have activated ‘Chart Shift’, which pushes the chart to the left. To do this, select the ‘Charts’ tab at the top of your MetaTrader 4 terminal, and then click on ‘Chart Shift’ within the dropdown menu.
The Admiral Candle Countdown indicator allows you to modify the timeframe to a value that differs from the chart you are using. Let’s say, for example, that you were mainly looking at a 15-minute chart, but you were also keeping tabs on the larger trend with an hourly chart in the background. You could set the candle countdown timeframe on your M15 chart from the default value of current chart to ‘H1’. This would allow you to keep an eye on when the hourly chart is next going to update, without having to keep tabbing back and forth.
Perhaps most handily of all, you can set an alert. This will notify you a certain number of seconds before the new candle appears. The default number of seconds is set to zero, but this value can be set to whatever you desire. Most indicators work better when backed up with another. This is even more true for the candlestick timer indicator.
You will likely find a candle timer to be of limited use in isolation. Where it comes into its own is as a way of sharpening up your usage of other indicators. Your MT4 candlestick timer indicator therefore, is best used with at least one—and probably two—other distinct indicators.
The kind of scenario where it is particularly useful, is where an indicator shows a certain condition that indicates that the next candle could be your signal to trade. The candle timer will then keep you prepped for the appearance of the next crucial candle that may, or may not be a signal to trade. Let’s take a look at a simple example to illustrate this:
Trading Example Using MT4 Candle Time
We mentioned previously that a countdown timer is useful for circumstances in which you suspect that the next candle might prove crucial. As an example, let’s look at using the Bollinger Band squeeze as the main indicator.
What are Bollinger Bands?
Bollinger Bands are a form of volatility channel invented by John Bollinger. They plot lines a certain number of standard deviations above and below a simple moving average. As volatility increases, Bollinger bands widen. As volatility falls, the bands narrow. The crux of the Bollinger band squeeze is that the price often breaks out after volatility falls.
When the bands narrow significantly on the chart, we are then looking for the next candle to break out above or below the bands. This is our signal for direction. So at these times of low volatility, we want to pay particular attention to the next candle. Knowing exactly when it is going to appear is useful, and this is where the candle timer comes in.
Take a look at the hourly EUR/USD chart below:
Depicted: MetaTrader 4 Supreme Edition – EUR/USD Hourly Chart – Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell any financial instrument provided by Admiral Markets (CFDs, ETFs, Shares). Past performance is not necessarily an indication of future performance.
Can you see how on the far right of the screen the bands have narrowed tightly in comparison to the rest of the chart? The volatility of the market has fallen considerably. In such a circumstance, we’d want to keep a close eye on the next candle, to look for a breakout signal.
In addition to the Bollinger bands, the Admiral Candle Countdown indicator has also been applied. You can see it on the top right-hand side of the screen in the graph above. To be even more sure of your readiness for the next candle, you could set an alert to notify yourself when the count is close to zero.
Here’s how the chart continued:
Depicted: MetaTrader 4 Supreme Edition – EURUSD Hourly Chart – Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell any financial instrument provided by Admiral Markets (CFDs, ETFs, Shares). Past performance is not necessarily an indication of future performance.
The next candle after the squeeze broke above the upper channel, which would be a bullish signal—and the market did indeed continue upward, along with an increase in volatility. So this demonstrates how to use the Bollinger bands as your primary indicator—and the candlestick countdown as an aid to being prepared for a signal.
In practice, you would probably also want to use yet another indicator to help confirm the direction of the market, in the case of a breakout. So what’s going to be your best way to work out which indicators work in effective combinations with each other?
The answer is to try them out for yourself within a risk-free trading environment. This is made easy through a demo trading account. It allows you to use real indicators with real live prices, but without putting your capital at risk. It’s a great way to establish which trading styles and trading strategies work for you, and which ones do not.
Candle Countdown Indicator: Wrapping It All Up
The Candle Countdown indicator is a simple custom indicator, which is easy to use and understand, in comparison with any other charting tool you may find. What it does is not earth-shattering, but it does satisfy a simple need for many short-term traders. Namely, knowing right down to the nearest second when exactly the next candle is going to appear. This is a nice little benefit for anyone who needs to be completely in synch with their charts—and it can help enhance your usage of other indicators when you are waiting for a signal.
Trade Risk-Free With A Demo Account
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A demo account is the perfect place for a beginner trader to get comfortable with trading, or for seasoned traders to practice. Whatever the purpose may be, a demo account is a necessity for the modern trader. Open your FREE demo trading account today by clicking the banner below!
About Admiral Markets
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
This indicator shows the time remaining until the end of the candle.
You can choose it’s Font , Color and the Size .
Candle Timer is an indicator that can show you the details about a symbol/pair and alert you before the close of a candle.
Used in swing trading and not only, it can help your strategies knowing and be ready before the close of a candle.
this prouduce displays the remainder of the candle in percentage and time unit (concurrent).
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