Ichimoku Stochastic Scalping Trading Strategy for Binary Options, Scalping and Daytrading

Ichimoku Stochastic Scalping trading strategy has simple rules of market entry, has increased profitability and is designed for binary options, scalping and intraday trading on the currency market. Ichimoku Stochastic Scalping trading strategy is based on only two indicators, which in no way reduces its profitability and efficiency. The strategy is designed for binary options and can also be used for scalping and intraday trading. Despite the fact that the trading uses the author's indicator, the tactic is suitable for beginner traders.

Input parameters

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• Currency pairs: any, including cryptocurrencies
• Timeframe: M5 and above (for binary options expiry time 3-5 candles)
• Trading hours: London, New York
• Risk management: after calculating the stop loss, choose a lot or option volume so that the risk is no more than 2-5% of the deposit per trade

Indicators used

To get trading signals on the strategy, we apply the following indicators with the specified parameters to the chart:

• Ichimoku indicator (8, 25, 48)
• Dot MMS (5, 2)

Setting the price chart

To make it easy to start trading the Ichimoku Stochastic Scalping strategy, use the template that you can download at the end of the article.

1. Unpack the archive
2. Copy the template to the templates folder
3. Copy indicators to the MQL4 folder -> indicators
4. Restart the terminal
5. Open the chart of the desired currency pair
6. Install the template named Ichi Stoch scalping

Rules for opening a Buy trade (buying a Call option)

To open a buy trade on the strategy, wait for the following signals to appear:

• the price is above the Ishimoku cloud or above the green point
• there's an up arrow

Rules for opening a Sell trade (buying a Put option)

To open a deal to sell currency pairs, we wait for the following signals to appear:

• the price is below the Ishimoku cloud or below the red point
• there's a down arrow

Setting Stop Loss and Take Profit orders for scalping and intraday trading

For proper trading on the currency market, risk limitation, we use protective orders:

• Stop loss is set above/below the previous local high or low.
• Take Profit is set depending on the timeframe and currency pair used. Alternatively, a position can be closed when an arrow appears in the opposite direction.

Conclusion

The Ichimoku Stochastic Scalping trading strategy for binary options, scalping and intraday trading has simple rules that will not cause difficulties even for novice traders. We recommend opening positions only in the direction of the current trend, which can be determined on the older timeframes.