Parallel Channels Forex Binary Options Trading Strategy
The parallel channels binary options strategy is a price action momentum strategy. This system is not easy but profitable. This is useful in a 15-minutw, 30-minute, 60-minute and 240-minute timeframe and has an expiry time of 4-5 candles for 15 and 30 minutes, 60 and 240 minutes has an expiry time of 3-5 candles. This method works on indices, commodities, and forex market.
Metatrader 4 Indicators:
- Parallel Channels (120-period, atr:1) programmed by Rustem Bigeev.
- stoch (5, 3, 20),
- True Trend line.
- Parallel Channels: Buy Zone lower bands, Sell Zone Higher bands.
Call Entry:
- The price moves into lower bands or below of the Parallel Channels.
- Buy arrow must appear of the stochastic indicator.
- Enter trade at opening of the next candle if a trend line is below the buy arrow of the stochastic indicator.
Put Entry:
- The price move into higher bands or above of the Parallel Channels.
- Sell arrow must appear of the stochastic indicator.
- Enter trade at the opening of the next candle if a trend line is above the sell arrow of the stochastic indicator.
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