Cloud with Nez alert is a strategy forex following trend and works well for trading binary options and options. You can also to apply this template with renko chart with great results.
Time Frame : 15 min or higher.
Markets : All pairs
Expiry time for Binary Options high/Low 12-15 candles.
For options you can use a time decay calculate on 12-15 bars.
For renko chart box size 10 pips or higher. See here renko chart.
MT4 Indicators :
Trend Indicator as filter on the current time frame.
Cloud setting time frame 4H (D1) for the major trend ( with time frame 30 min or 60 min setting 240 ), time frame daily (weekly W1).
Nez alert arrow buy.
Trend alert blue,
Nez alert arrow sell.
Trend alert yellow,
Exit at the first opposite arrow of Nez indicator or with profit target predetermined.
Initial stop loss at the previous swing High/low
For trading with Options
Buy Call :
Price at the decay is > the previous resistance.
Put Call :
Price at decay is < the previous support.
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