The FX HULK binary options strategy is a signal strategy and includes a trend panel with additional signals and trend indicators from six different time frames . The strategy also contains three templates, each of which is suitable for different types of trading, which makes this trading system universal.
Please note that the FX HULK strategy is a paid strategy and costs $10, but you can download it for free from our website for review.
Content:
- Characteristics of the FX HULK strategy;
- Setting up the FX HULK strategy;
- Review and settings of FX HULK strategy indicators;
- Trading rules for the FX HULK strategy;
- Opening a Call option;
- Opening a Put option;
- Conclusion ;
- Download .
Characteristics of the strategy for binary options FX HULK
- Terminal: MetaTrader 4 .
- Timeframe: M1-H4.
- Expiration: 3 candles.
- Types of options: Call/Put.
- Indicators: FXHULK1.ex4, FXHULK2.ex4, FXHULK3.ex4, Trading Dashboard.ex4.
- Trading instruments: currency pairs , stocks, cryptocurrencies , commodities.
- Trading time: 8:00-20:00 Moscow time.
- Recommended brokers: Quotex , PocketOption , Deriv , Binarium .
Setting up a strategy for binary options FX HULK
FX HULK strategy indicators are installed as standard in the MetaTrader 4 terminal. To do this, you need to add them to the root folder of the terminal by selecting “File” in MT4 and then “Open data directory”. In the directory that opens, you need to go to the “MQL4” folder and then to “Indicators”, and then drag the indicator files there. Templates are installed in the same way, but are placed in the “Templates” folder. More detailed instructions for installing indicators can be viewed in our video:
Review and settings of FX HULK strategy indicators for binary options
The FX HULK trading system consists of two indicators, one of which represents signals on the chart, and the second is an information panel. Signals look like empty arrows:
It’s difficult to say what they are based on, since you can only configure alerts in them:
The second indicator is an information panel that shows:
- price direction;
- force of movement;
- trend;
- signals in the form of squares.
The panel has more settings than signals and you can change/enable:
- time zone (if different from yours);
- shifting the panel on the chart (if you want the panel to be placed in a different place);
- opening of the day (if you want the opening line of the current day to appear on the chart);
- central level of pivots (if you want the central pivot level to be on the chart);
- signals from the panel (if you want additional signals to appear on the chart).
The signals that can be enabled on the panel are very frequent and should be used very carefully in trading:
But we would not recommend paying attention to them, since they almost never intersect with the main signals and cannot be filtered out.
As mentioned at the very beginning, the strategy has three templates, each of which can be used for a specific type of trading. The patterns differ only in the frequency of the signals. Next, for comparison, let’s take the same section of the graph and see how many signals each template generates. Template FXHULK1:
Template FXHULK2:
Template FXHULK3:
Conventionally, these patterns can be divided into scalping (FX HULK3), intraday (FX HULK2) and swing trading (FX HULK3).
Trading rules using the FX HULK strategy for binary options
In any strategy, an excellent filter for any signals is trend trading. Therefore, you can use the trend panel, or you can independently study what a trend is:
- How does a trend work in markets ?
- Defining and using bullish and bearish trends .
- Market phase changes .
- How to determine a flat in the market .
After this, the first thing you need to do is decide which template you will use, since the rules will be the same for each of them. In our trading we used the FX HULK1 template, which gives the optimal number of signals and is perfect for trend trading.
The author of the trading system divides signals by strength into strong, medium and weak. In trading, only strong and average signals are used, and weak signals are ignored.
Strong signals for Call options appear when we see at least four green time frames on the panel. The "Analysis" line is labeled "UP", the "Strength" line is labeled "STRONG" and the "Trend" line is labeled "BULLISH". The four squares at the bottom of the panel should be green:
Strong signals to buy Put options appear when on the panel we see that at least 4 time frames are colored red and, accordingly, show a strong fall. The "Analysis" line is labeled "DOWN", the "Strength" line is labeled "STRONG" and the "Trend" line is labeled "BEARISH". The four squares at the bottom of the panel should be red:
Average signals differ from strong ones only in that instead of four squares at the bottom of the same color there will be only two, that is, for Call options there will be only two green squares, and for Put options there will be only two red squares.
Now all that remains is to add all the signals together and get the trading rules for the FX HULK trading system. And for Call options you need to:
- A green arrow pointing upward appeared on the chart.
- There was a strong or medium signal on the trend panel (4 green time frames and 4 or 2 green squares).
For Put options you need to:
- A red arrow pointing downward appeared on the chart.
- There was a strong or medium signal on the trend panel (4 red time frames and 4 or 2 red squares).
Expiration for all trades is 3 candles, and any time frame can be used.
Opening a Call Option
In the image below we see that our panel is completely green, which indicates a strong upward trend and a strong signal, and also a green arrow has appeared on the chart, which means you can buy a Call option with an expiration of 3 candles:
Opening a Put option
In this case, we have a strong signal on the panel showing a downward trend and a red arrow also appears on the chart, which means you can buy a Put option with an expiration of 3 candles:
Conclusion
The FX HULK trading system is a signal one and does not require additional filters for trading binary options, but despite this, be sure to test it on a demo account before using it on a real account. You can also conduct experiments and add your own indicators to it, as this can improve trading results.
In addition, in order to protect your deposit, you should always remember the rules of money management and risk management , and also trade only through a trusted broker, which can be found in our rating of binary options brokers .
Download the FX HULK strategy for free
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