103# Parallel Channels Binary System
Istochastic, Trend line and Channels
Submit by Maximo Trader 28/12/2014
Parallel Channels Binary System is a Price Action Momentum strategy. This trading system is complex but profitable is also applicable at the trading without binary options.
Time Frame 15 min, 30 min, 60 min, 240 min.
Expiry time 4-5 camdles /time frame 15 min or 30 min) expity time (3-5 candles time frame h1 or h4).
Markets: Forex (EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, NZD/USD, GBP/JPY, USD/JPY); Indicies (S&P 500, DAX, Dow Jones, FTSE,) Commodities: (Gold and Oil).
Metatrader 4 Indicators and setting:
Parallel Channels (120 period, atr:1) programmed by Rustem Bigeev.
Istoch (5, 3, 20),
True Trend line.
Rules Parallel Channels Binary System
Parallel Channels: Buy Zone lower bands, Sell Zone Higher bands.
Price move into lower bands or below of the Parallel Channels.
Buy Arrow of the isthocastic indicator,
Buy call at opening of the next candle if a trend line is below the buy arrow of the istochastic indicator.
Price move into higher bands or above of the Parallel Channels.
Sell Arrow of the isthocastic indicator,
Buy Put at opening of the next candle if a trend line is above the sell arrow of the istochastic indicator.
In the pictures Parallel Channels Binary System.
Share your opinion, can help everyone to understand the forex strategy
Roger (Thursday, 15 January 2015 21:02)
I didn't see an alarm function when an arrow is triggered. Is it possible to add one? With multiple charts open, you have to look at each one all the time to see if there is a signal.