Trading strategy “Golden Eye”
Golden Eye is a strategy based on the ADX indicator which is used for confirming rebounds. This strategy works well with with M15 timeframe and the trades which are opened for 60 minutes (in direction of longterm trend) or for 30 minutes (against the trend).
How to setup the chart
Timeframe: M15
Template: Golden Eye Strategy (Download this strategy)
How does this strategy work
As soon as the arrow appears, we check the ADX indicator. If the current trend is strong and rebound is probable (main ADX is at around 50 or more), we will open the trade.
When to enter the trade
Buying a CALL option:
- Immediately after a green arrow appears
- ADX indicator has to be at least on level 25 (the more the better)
Buying a PUT option:
- Immediately after red arrow appears
- ADX indicator has to be at least on level 25 (the more the better)
Strategy screenshots:
My results with this strategy
Results after the first week looked very promising with success rate of 83 % !!! Unfortunately, on the second week the results have gotten worse, but still the strategy keeps at 80% success rate. Highly recommended!
