In the channel strategies boundaries of price channel act in a role of dynamical support and resistance levels of from which the price tends to push off. This principle is the basis of Binary Channel strategy, which is designed for trading on the M1 timeframe with expiry time 10 minutes.
Characteristics of Binary Channel
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Platform: Metatrader4
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Asset: Any currency pair, any indices, any stocks and any commodities
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Trading Time: European and American sessions
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Timeframe: M1
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Expiry: 10 minutes
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Recommended broker: IQOption, Deriv, Binomo
Binary Channel consists of two indicators:
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Binary Channel in the amount of 7 pieces with different settings
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Slope Direction Line
Rules of trade by Binary Channel
CALL, when the following conditions are met:
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The price crossed the one or more lower channel boundaries
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Slope Direction Line also crossed the nearest line of the channel
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When the price will unfold are waiting repainting Slope Direction Line in green color
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As soon as the line has become green, are waiting the closure of the current candle and buy options with expiry time 10 minutes
PUT, when the following conditions are met:
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The price crossed the one or more upper channel boundaries
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Slope Direction Line also crossed the nearest line of the channel
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When the price will unfold are waiting repainting Slope Direction Line in red color
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As soon as the line has become red, are waiting the closure of the current candle and buy options with expiry time 10 minutes
Very important! For a successful trade with Star Profit Option requires broker that does not create delays in the opening positions and has a zero spread. That is a broker Binomo. In addition, Binomo regulated by International Finance Commission:
In the archive Binary_Channel.rar:
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©Price Border.ex4
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Slope_Direction_Line.ex4
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Slope_Direction_Line.mq4
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Binary Channel.tpl
