31# Binary Options Strategy: Bollinger Bands Breakout
Bollinger Bands Breakout High Low Binary Options Strategy intraday trading
Submit by FX Trader 16/11/2013
Binary Options Strategy: Bollinger Bands Breakout is an intraday strategy based an breakout of the Support an Resistence.
This Binary options strategy is very effective and accurate.
Time frame 30 min
Expires time 120 min
Forex Indicators
Bollinger bands (20 simple moving average, 2 standard deviation);
Show 1-2-3.
Rules for Binary Options Strategy: Bollinger Bands Breakout
Draw two lines: 1°on the level of the Rh High and 2° on theRh Low
Buy Call
When the price previously broken the lines on Rh high & then closed above the upper bollinger band, open a buy call position at opening of the next bar.
Buy Put
When the price previously broken the lines on Rh low & then closed above the upper bollinger band, open a buy put position at opening of the next bar.
Open two positions during the same breakout only if the price retraces on the moving average (20 periods).
I recommend, using this strategy in markets trend 4H and Daily time frame. This is the most important condition for using this strategy with profit.
Binary with bollinger bands
