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Pin Bar Forex Binary Options Trading Strategy

The  pin bar forex binary options trading strategy is designed to trade classic CALL & PUT (Up/Down) digital options.

Buy a CALL option if you expect the asset’s price goes above the entry price of the trade, and remains higher than entry price on expiry of the trade.

Buy a PUT option if you expect the asset’s price goes below the entry price of the trade, and remains lower than entry price on expiry of the trade.

Chart Setup

Indicators: PriceActionSpikeBar
Preferred charts: 1 hour and above
Trading sessions: All
Assets: All pairs (EUR/USD, GBP/USD, USD/JPY,…)

Download Binary Strategy

Download the Pin Bar Binary Options strategy for Metatrader 4.

USD/JPY 1 Hour Chart Example

binary-options-strategy-pin-bar

The USD/JPY chart illustrates 3 profitable trades in a row. One Call trade (bullish pin bar) and two PUT trades (bearish pin bar).

Trading Rules 

CALL Option (UP):

  • Pin bar appears below the bar
  • Buy Call Option at the open of the next bar
  • Best expiry time: Between 60 and 240 minutes

PUT Option (DOWN):

  • Pin bar appears above the bar
  • Buy PUT Option at the open of the next bar
  • Best Expiry Time: Between 60 and 240 minutes
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