Often we find ourselves in a situation where trading on a binary options strategy does not bring results. This happens to all binary options traders. Therefore, in order to find strategies that truly make a profit, a trader needs to be tested.
Today we provide you with a new strategy for binary trading, which is based on the concept of Price Action (a section of technical analysis for binary options that studies trading on graphical formations). It will not be surprising at all if, after reading the article, you stop wasting time, finish your search for a working strategy and start actively acting.
Giankone Strategy for Binary Options
For your convenience, we suggest watching a video review of the strategy:
Logical concept of strategy
TS “Jancone” is a trend intraday strategy developed for 5-minute charts. It is suitable for any exchange-traded asset (if you are a beginner, then give preference to classic currency bundles).
The peculiarity of this technique is in the sources of signals that form the entry points into the position. I.e. in addition to a set of complementary indicators, the moment of entry will be confirmed by the Price Action signal:
TS “Junkone” = Indicators + Price Action.
Let’s look at how it works.
Pin Bar
Among all the graphical formations presented in the Price Action theory, a special place is given to Pin bars – reversal patterns that are easy to recognize and use in practice:
For the convenience and speed of market analysis, only the Pin Bar is included in the Junkone TS from the entire Price Action series. This is how this candlestick looks on the chart:
More options for pin bars. Find them on your chart:
So, the first conditions for the implementation of the vehicle “Junkone” are:
- the presence of a clearly defined trend;
- Pin Bar candlestick pattern.
Let’s move on to the consideration of indicators.
Setting up the chart
All instruments are standard and enabled by default in MetaTrader 4. These include:
- An RSI line with a 6th period, which will be necessary to identify market divergence.
- Bollinger Bands with parameters 18;2. This is a channel tool that allows you to determine the most favorable moment to activate the transaction.
- A simple Moving Average, which is colored red and has a 50th period.
- Exponential Moving Average (21) in blue. Like the previous indicator, this moving average will indicate the speed and direction of the formed trend.
This should be the graph after all the settings have been completed:
Now that all the components of the strategy are collected, let’s move on to the consideration of trading rules.
Buying a CALL option
- The Moving Average and Bollinger Bands are rising ↑.
- The direction of the RSI does not coincide with the movement of the chart (divergence).
- Above the middle strip of the Bollinger Bands, the Pin Bar closed.
Selling a PCI option
- The Moving Average and Bollinger Bands lines are decreasing ↓.
- The direction of the RSI does not coincide with the movement of the chart (divergence).
- The Pin Bar closed under the middle band of the Bollinger Bands.
- Opening a new candle is the moment to enter a position.
Additional strategy settings
- Trading sessions – Europe/America.
- The timeframe is M5.
- Expiration – 3 candles (15 minutes).
- One bet should not exceed 1.5% of the account.
- The psychological attitude is positive.
- The output of fundamental events is the skipping of a signal.
- Flat – skipping a signal.
Example of buying a CALL option
Example of selling a PCI option
Binary options strategy “Jancone” at the broker FiNMAX
To work with the Junkone binary options strategy to be comfortable and profitable, choose a reliable broker FiNMAX. The broker offers its users advanced trading opportunities.
Trading in a modern terminal, you can take advantage of expiration (from 30 seconds to six months), indicators, types of charts, detailed analytics and transaction history, training materials, market news, and productive strategies. You can see what the terminal workspace looks like in the image below.
A detailed review of the FiNMAX broker is here.
Go to the official website of the FiNMAX broker here.
In order to buy a
CALL
option in the FiNMAX terminal, follow these steps by going to the finmaxbo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy
a PCI
option in the FiNMAX terminal, follow these steps by going to the finmaxbo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
FiNMAX broker bonuses
The official website of FiNMAX constantly offers many profitable promotions to its users, which can be found here. Promotions and bonuses allow you to save the trader’s personal funds, making trading with the broker much more effective.
Tournament on demo accounts from FiNMAX
Free tournaments of the official FiNMAX website are held for those market players who have a demo account on the broker’s platform. The tournament supports talented traders, giving them the opportunity to get real money for further trading without replenishing the deposit.
This money can be withdrawn in any convenient way or traded on the broker’s site. Thus, FiNMAX makes trading possible without personal investment. Both options beginners and professionals can participate in the event.
Participate in the FiNMAX tournament
Conclusion:
TS “Junkone” combined all the strong concepts of technical analysis and made trading on short-term timeframes as effective and safe as possible.
You have learned one of the best techniques that are best suited for making money in the binary market, you can put the knowledge gained on the shelf until better times, or you can open the chart right now and test the system in action.
Tagged with: Binary Options Strategy • Binary Strategy for No Touch Options
