57# Price Action 4H Binary System
Price Aciton Binary Options Strategy with Pin Bar and Inside Bar
Submit By Drum 30/04/2014
Price Action Binary Options Strategy with Pin Bar and Inside Bar. The main features of this strategy is how to determine the Buy Zone and Sell Zone.
Buy Zone the blue lower bands.
Sell Zone the red upper bands.
Time Frame 4H
Expires time 16H -20H or end of the day.
Metatrader indictors
M Bollinger Band (default) The upper and the lowes bands are the dynamic levels of the support and resistance;
Pin Bar (arrow red and green) ;
Inside and Outside bar (magenta arrow).
Rules Price Action 4H Binary System
Pin Bar Long Entry (buy call)
when the price is go in buy zone or broken down lower band and
we have found a pin bar (arrow small green).
Set an pending buy order at the 40% of the Pin Bar. (Wait that the price retraces).
Pin Bar Short entry (Buy put)
when the price is go in sell zone or broken up upper band and
we have found a pin bar (arrow small red).
Set an pending sell order at the 40% of the pin Bar. (Wait that the price retraces).
Inside Bar Out Side bar long entry (buy call)
when the price is go in buy zone or broken down lower band and
we have found a Inside or Outside bar (up arrow medium Magenta).
Set an pendig order 5 pips above the high of the bar.
Inside Bar Out Side bar shor entry (buy put)
when the price is go in buy zone or broken up upper band and
we have found a Inside or Outside bar (down arrow medium Magenta).
Set an pendig order 5 pips below the low of the bar.
The real question is this: with the price action method such as support and resistance are the most profitable? Support resistance static or suppor or resistance dynamic?
