Profitable channel strategy for options: Binary Channel 2

Profitable channel strategy for options: Binary Channel 2

The binary options strategy Binary Channel 2 is a modified Binary Channel system, the profitability of which is significantly increased due to non-drawing indicators and additional filters.

How does the strategy work?

The strategy consists of several indicators and a ready-made template with all settings, all files are loaded into the program MT4. You can see how to correctly set a strategy in MT4 here here.

What is the essence of the strategy?

The bottom line is that the strategy implies 2 price channels between which the price moves and repels from one to the other. In this case, the lower channel serves as support, and the upper one as resistance.

All we need to do is to buy an option at such price contacts with channels.

Read also - How to work on a strategy for binary options in MT4?

Options buying rules

Buying an upside option (CAll ↑):

Buying a CALL option from the channel borders

1. The price breaks through one or more channel boundaries from top to bottom;

2. We are waiting for the price to turn around and go up, as well as the slope line will change color to the opposite;

3. As soon as the slope line turns from red to green, wait for the current green candle to close and buy the CALL option for 5 minutes on the next one.

Buying a down option (PUT ↓):

Buying a PUT option from the channel borders

1. The price breaks through one or more lines of the channel borders from the bottom up;

2. We are waiting for the price to turn around and go down, the slope line will also change color from green to red;

3. As soon as the line turns red, wait for the current red candle to close and buy the PUT option for 5 minutes on the next one.

Important nuances when working on a strategy

  • When buying an option, it is best to wait for the current candle to close above the price channel, that is, when it is broken.
  • For beginners, I recommend buying an option at the first stages only from the channel borders with a solid line, and as you gain experience, you can also try from the dotted ones.

Trading recommendations

Recommended couples: any currency pairs with a maximum payout of % (not tested on commodities and stocks).

Timeframe: M1

Expiration: 5 minutes

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Template + indicators

To download the Binary Channel 2 strategy for free - just leave a comment on this article, immediately after that a link for downloading files will appear here.

⤓ DOWNLOAD ⤓

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