108# Price Action Channel Binary Options Strategy
The Secret of the Channel Price Action for Binary options High/Low
Submit by Star 22 18/01/2015
Price Action Channel Binary Options Strategy is a trading system based on price action and the trend-momentum.
This strategy is good for any time frame but the setting is for 5 min and 15 min time frame.
Markets: Forex, Indicies and Commodities.
Expiry Time 1 candle
Metatrader Indicators:
RSI Signal (3 period Inverse Setting ),
Exponential Moving Average (3 period levels: 8 -8 / 12 -12 / 16 -16),
MACD (12,17,8),
Bollinger Bands (is for manage the stop loss for trading without binary options).
Trading rules Price Action Channel Binary Options Strategy
Buy Call
When appears the RSI signal green arrow, wait that the price go into the Price action channel, Buy Call if histogram MACD is above of the your moving average.
Buy Put
When appears the RSI signal red arrow, wait that the price go into the Price action channel, Buy Put if histogram MACD is below of the your moving average.
Tips: Alert is valid if the price go in the price action channel entry two bars from the rsi signal alert.
The indicators do not repaint.
In the pictures Price Action Channel Binary Options Strategy in action.
Cris (Wednesday, 21 January 2015 20:36)
An interesting strategy. With extra confirmation for strong momentum would be super-reliable. What is the purpose of Bollinger (15-1) shifted 1?