EURUSD Binary Options Trading for July 9, 2020

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Intraday Binary Options Trading Strategy

Binary Options they are actively included in the trading portfolios of our traders, however, there are very few trading strategies for this asset due to the fact that the instrument is not yet quite popular in Russia. In this article, we will talk about three options for a binary options trading strategy. Their basis is the opening of transactions from levels Overbought и oversold. The transaction retention time ranges from five to fifteen minutes (depending on the timeframe selected).

Trading Strategy Settings:

  • Currency pairs: EUR / USD, GBP / USD, AUD / USD, USD / JPY, EUR / JPY, GBP / JPY, USD / CAD.
  • Timeframe: M5, M15.
  • Bidding Time: any.
  • Risk management: no more than 5% of the deposit per transaction.

Setting system indicators:

  1. Unpack the archive with indicators and a template.
  2. We copy the indicators into the experts -> indicators folder.
  3. Copy the template to the templates folder.
  4. We restart the terminal.
  5. We open the M5 / M15 chart of the desired currency pair.
  6. Install a template called BOSTS on it.

The graph should look like this:

Forex Strategy Options

Strategy No. 1 (best)

Trading is conducted from support / resistance levels. We wait until the candle pierces the support / resistance level, and then we acquire a certain type of option. For example, if the price has reached the support level, we buy the Call option. If the price reaches the resistance level, then we buy the Put option. Deal holding time from 5 to 10 minutes.

Strategy No. 2

Trading is conducted from Bollinger Bands. We wait until the candle pierces the support / resistance level of the Bollinger line, and then we acquire a certain type of option. For example, if the price has reached the support level, we buy the Call option. If the price reaches the resistance level, then we buy the Put option. Deal holding time from 5 to 10 minutes.

As an additional filter for transactions on strategies 1 and 2, you can use tooltips about the overbought or oversold level and trade when the overbought / oversold level is at 10 / -10.

The figure below shows the possible options purchase points:

Strategy No. 3

Trade by pattern. Switch to the M15 timeframe at a time when the price fluctuates inside the Bollinger Bands. You will notice that sometimes candles alternate: one candle above, another below. The trading strategy is as follows: you need to wait until the end of the 15-minute candle and buy an option during the formation of the next candle. The transaction time will be approximately 10-15 minutes (if the timeframe is M5, then the transaction time is 5 minutes, respectively).

Additional recommendations

  • You can also enlarge timeframe and check pivot, support and resistance levels. Based on this information, you can increase the time of the transaction, since we trade on the end of these levels.
  • Never trade during (and within the next ten minutes after) the release of economic news until you become a professional. By the way, trading on the news is quite acceptable when working on this system, but you need to be very careful.
  • Before trading on a live account, it is recommended to trade on a demo account for at least a month.
Ivan Borisov

A person who knows everything about forex trading strategies! Since 2008, he has been offering us various options and opportunities for trading on the Forex currency market: authoring techniques and popular strategies from the Internet.

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EUR/GBP Binary Put Option – July 9th 2020

Today’s Binary Options Trading Strategy:
• Currency Pair: EUR/GBP
• Time Frame: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary put options on rallies above 0.7200
• Downside Potential: The downside potential for this binary put option is 210 pips to 0.6990
• Upside Potential: The upside potential for this binary put option is 115 pips to 0.7315

The EUR/GBP has recovered from its corrective phase which took this currency pair from its intra-day high of 0.7315 reached on June 11th 2020 to its intra-day low of 0.6987 which was recorded on June 29th 2020. The move to the downside was fueled by the uncertainty surrounding Greece which had a negative impact on the Euro. After the Greek referendum was held, a momentum shift occurred and the EURGBP partially reversed its course until it reached its current intra-day high of 0.7224 yesterday on July 8th 2020 where its descending resistance level halted the advance.

Price action is now trading inside of its horizontal resistance level which is being enforced by its descending resistance level. The EURGBP is anticipated to accelerate to the downside in order to challenge its most recent intra-day low. Binary options traders can benefit from the expected contraction with binary put options. Today’s binary options trading strategy suggests put options to be placed on rallies above 0.7200 for a risk/reward ratio of 1.0/1.83.

Volatility contracted as the EURGBP was exposed to its corrective phase, but binary options traders who plan on adding binary put options to their option trading account should be prepared for a spike in volatility as this currency pair is trading inside of a triangle formation. Buyers may attempt a breakout above its enforced resistance level in order to extend the recovery while sellers are favored to take the increase in downward pressure from its descending resistance level as a platform to force more downside and push the EUR/GBP back into its horizontal support level.

The EURGBP will face its first support level at its ascending support level, which originated at its intra-day low of 0.6987, around the 0.7140 mark. Volatility is expected to increase further as this represents a key support level. A breakdown below it will take the EURGBP to its intra-day low of 0.7060 which was recorded on July 7th 2020. This level marks the last time the ascending support level reversed a drift to the downside. The final support level awaits the EURGBP at its intra-day low of 0.6987 reached on June 29th 2020.

The following economic data out of the Eurozone is expected to impact the base currency, the Euro, of the EUR/GBP currency pair:

German Trade Balance for the month of May:
• Expectations: A trade surplus of €20.5 billion is expected for the month of May
• Previous Report’s Data: A trade surplus of €21.8 billion was reported in the month of April
• Impact on the Euro: The anticipated slowdown in the German trade surplus is likely to pressure the Euro to the downside;this favors binary put options in the EURGBP currency pair

In addition the following economic report out of the United Kingdom is expected to impact the quote currency, the British Pound, of the EURGBP currency pair:

Bank of England Interest Rate Announcement & Asset Purchase Target:
• Expectations: Interest rates unchanged at 0.50%, Asset Purchase Target unchanged at £375 billion
• Previous Report’s Data: No change in interest rates at 0.50%, no change in the Asset Purchase Target at £375 billion
• Impact on the British Pound: The statement which will accompany the announcement may suffice to apply upward pressure on the British Pound whichfavors binary put options in the EURGBP currency pair

EUR/USD Binary Options Trading for July 9, 2020

brother, try crossover of %K and %D of stochastic 3,3,5 closed/closed – simple or linear weighted.
try it on m1 and m5.
———–
“This is the simplest and common method of reading signals from Stochastic lines as they cross each other. Stochastic %K and %D line work similar to moving averages and:
when %K line from above crosses %D line downwards traders open Sell orders.
when %K line from below crosses %D line upwards traders open Buy orders.

Stochastic lines crossovers that happen above 80% level and below 20% level are treated as strongest signals, compare to crossovers outside those levels.

Traders may choose sensitivity of their Stochastics. The smaller the Stochastic parameters, the faster it will react to market changes, the more crossovers will be shown.

Sensitive Stochastic (for example 5, 3, 3) is useful for observing rapidly changing market trends. But because it is too choppy it should be traded in combination with other indicators to filter out Stochastic signals.”

Re: BINARY OPTIONS TRADING STRATEGY & IDEAS

updates.
see the EUR/JPY %K white line crossing the purple %D. could have been an easy CALL/Higher option but i was editing.
also, make sure %K line came from an OB/OS zone so the signal is stronger.
i am still finding a good filter to make the system better.

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