Price Action Channel Binary Options Trading Strategy
This price action channel binary system is a trend strategy based on the action of the price market. This is useful in forex, stocks, futures and indices markets. This system works on a 15-minute or higher timeframe. The expiry time depends on the markets, but usually, you can have it 3-6 bars.
Do not enter within 22:00 and 23:00 GMT Berlin when you use timeframe 15 min 30 min or 60 minutes.
Metatrader Indicators:
- Price channel:
- median envelope 10, envelope period 10;
- Color CCI (14 periods green bar=buy – red bar= sell yellow bar do not trade).
Call Entry:
- Color CCI oscillator should be above the zero line with the green bar.
- The price must rise or close above upper band.
Put Entry:
- Color CCI oscillator should be below the zero line with the red bar.
- The price must rise or close above lower band.
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