Point strategy for binary options trading (Bollinger Bands)
You will need indicators and a template which you can download here. If you do not know how to use indicators, use this guide. The strategy works by respecting the trend and using a known Bollinger Bands indicator . It is important to keep an open trading platform (eg. topoption or Stockpair)) next to MT4 so that the trades are as quick as possible. Do not forget to read the comments on the bottom of this page!
The point comes on average once every 10 minutes, so do not expect to open trades every 30 seconds. ?
If MT4 reports “ ERROR. DLLs are disabled. To enable, select” Allow DLL Imports “in the Common Tab of indicator “, follow these instructions: Right-click anywhere on the graph> Indicator list (or Ctrl + I) – Select P4L Clock> Edit – On the General tab check Allow DLL Import> OK> Close – Close and reopen MT4.
How to setup the chart.
1-minute timeframe.
When to choose ↑ CALL ↑
Immediately after we receive the green point. If you had a losing trade less than 5 candles ago, do not enter the trade and wait!
When to choose ↓ PUT ↓
Immediately after we receive the red point. If you had a losing trade less than 5 candles ago, do not enter the trade and wait!
What to trade.
Use this strategy only when dealing with currency pairs EUR / USD, USD / JPY and EUR / GBP.
What does the strategy look like?
Downloading indicators and templates.
Binary options brokers recommended for this strategy.
This strategy is recommended to trade only with these brokers, as they have fast response times and offer options with 60-second expiration date.
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Comments on trading.
If you want a conservatie version of the strategy strategy, do not open CALL trades if the middle Bollinger Band (black line in the middle) is facing downward and PUT trades if the middle Bollinger Band (red line in the middle) is facing upwards. Never have more than one trade open at a time! If you see two points – it can happen – do not enter the trade! Try to enter the trade as soon as possible after seeing the point We recommend trading only from 9:00AM to 4:00PM (London trading time) If you are at the end of your wits, do not hesitate to write us! You can find more strategies on Best Binary Options Strategy.
Author.
More about the author J. Pro.
Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author.
4 Responses to “Point strategy for binary options trading (Bollinger Bands)”
Hi, is it possible to add sound alert?
Hey Alex. Unfortunately, thats not possible with this strategy. I recommend http://bersistrategy.com though! They come with alerts.
You recommend trading only from 9:00AM to 4:00PM. But which timezone/market? London, NY?
yes – my bad, sorry. I recommend only to trade during the London time.