The binary strategy described below is mainly based on bollinger bands with trend following indicator.
This is a rapid entry strategy with 5 min expiry time. Just perfect for impatient binary traders. Average win/loss ratio: 78%.
Binary Indicators: Trend_Bars_BO, Bollinger Bands (20,2)
Analysis Tools: N/A
Time Frame: 1 minute
Trading sessions: Any
Currency pairs: Any
Commodities: Gold, Oil
GBP/JPY 1 Min Chart Trading Example
As shown in the picture above, the rapid entry strategy allowed us to execute 7 trades in the GBP/JPY up trend. 7 Winning trades for an average 83% payout, no loss! Click the picture to enlarge.
Buy CALL Option:
- Trend_Bars_BO indicator blue (up trend)
- Price touches the lower Bollinger Band band
Buy PUT Option:
- Trend_Bars_BO indicator red (down trend)
- Price touches the upper Bollinger band
Preference: 5 Minute expiry time (5 X 1 min candles)