Binary Options Trading Strategy “London Open Box Breakout”
This strategy is applicable to binary options trading in “One Touch” and “High/Low”. It is mainly used for currency pairs of the Forex market, but it is also possible to trade on stock, SFD and futures markets. The analysis of the situation is carried out in the Metatrader terminal with the help of custom indicators, the main of which is “Breakout Box 4 London Open”. Timeframe for the schedule one – 60 minutes. There are two ways to operate – in 240 minutes or at the end of the day. The idea of trading is to open a deal in the direction of a break-down of the range formed at the beginning of the trading day.
The “Breakout Box 4 London Open” indicator draws a box from 2:00 GMT to 7:45 GMT. The candle at 8:00 GMT (London Open) must be the first outside the red line of this box. To filter signals, the indicators “Buy Zone Fibs”, “Sell Zone Fibs” and “FX Fisher mod” of two modifications are used.
This screenshot shows an example of promotion trading.
Terms of purchase Call option:
The price should be higher than the blue line of the “Buy Zone Fibs” indicator
Indicator bars “FX Fisher mod” (10-period) green
Indicator bars “FX Fisher mod” (25-period) green
The price has pierced the upper limit of the range
Touch points for 240 minutes of operation are set above the opening by 15-20 points. For the end of the day – 20-25 points.
Here’s an example of downside trading.
Terms of purchase of Put option:
The price should be lower than the red line of the “Sell Zone Fibs” indicator
Indicator bars “FX Fisher mod” (10-period) red
Indicator bars “FX Fisher mod” (25-period) red
The price has pierced the lower limit of the range
The touch points for 240 minutes of operation are set below the opening by 15-20 points. For the end of the day – 20-25 points. Try to choose the right binary options broker.
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