5# Binary Options One Touch Strategy Bollinger Bands and Zig Zag

Submit by Mek2 07/06/2013

This is a trading system based on the bollinger bands and Zig Zag.But it can also be considered a price action forex system.

This Binary options One Touch Strategy Bollinger Bands and Zig Zag works good also on time frame expire: 24H, Weekly and Montly. In the examples I show how the strategy works in the time frames 5 min and 15 min and time expire h1 (for 5 min TF) and h3 (15 min TF).

Markets :any.

Indicators :

Zig Zag indicator (8,2,3 period)
Zig Zag indicator (12, 5, 3)
CCI indicator (14) with levels 90 and -90
Stochastic 11-5-5
Bollinger bands (20, 3) and (20,2)

Long Entry

Conditions:
Price touch or close the bottom Bollinger bands indicator;
Zig Zag (12, 5, 3,)indicator and Zig Zag indicator (8,2,3,) meet together on the same candle;
CCI indicator get over -90 level;
stochastic indicator crossed and pointing up.
Entry when price closed into Bollinger Bands (20.2 ) at open next bar.

Short Entry

Conditions:

Price touch or close the bottom Bolllinger bands indicator;
Zig Zag (12, 5, 3,)indicatorand Zig Zag indicator (8,2,3,)meet together on the same candle;
CCI indicator get over 90 level;
stochastic indicator crossed and pointing down.
Entry when price closed into Bollinger Bands (20.2 ) at open next bar.

The Touch points for this Binary Options Strategyis the middle band but also 2 or 3 pips before the middle band.

Share your opinion, can help everyone to understand the binary strategy.

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