5 minutes options with Everest strategy
Trading on the current trend brings maximum profit, but it is important to open a deal as close as possible to its beginning. The end of a sideways movement in which the market spends up to 70% of the trading time or a rebound from the last max/min price is one of the strongest binary options signals
of the new trend.
The «Everest» strategy with a binary option
expiration time of 5 minutes gives consistently predictable results both on the flat breakdown and on the binary option from its borders.
||Trend and flat
||Any in the range M1-M5. In our case, M1 is used, but with an increasing period of analysis, the accuracy of the signal increases.
||Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.
||All Forex trading sessions.
|Percentage premium option:
||Not less than 70-75%.
The strategy uses two technical indicators:
The Donchian indicator is not included in the basic set of trading platforms. But it can easily be found for free on the Internet.
- Doncian Channel (DC) − the horizontal direction of the DC lines confirms the presence of a flat, the breakdown of center lines will be the binary signal of its end. If the range is wide enough, you can open options to roll back from the borders. This method is recommended only for experienced traders!
Signals of binary options signals:
- Stochastic − the oscillator will assess the current balance between buyers and sellers: the predictor above level 80 − the end of the uptrend (overbought), below 20 − the end of the downward (oversold).
- CALL-option. The price rollback from the lower limit of Doncian Channel or cross its middle line from bottom to top. Stochastic is up or out of oversold (level 20);
Open a trade on the next candle after binary signals. Time of expiration of options has to be not less than 5-7 minutes even if as a working timeframe it is chosen 30-second or minute, as in our video.
Recommendations about use …
- PUT-option. Price crosses the DC average from top to bottom or unfolds from its upper limit. Stochastic is down or out of overbought (level 80);
- the «narrower» the Doncian price channel, the higher the likelihood of strong movement after flat completion. The opposite situation is necessary for trading on the edge of borders: the corridor must be at least 30-40 points, otherwise, the options will be unprofitable, even if free binary signals show the right direction;
- even on the minute timeframe, Stochastic rarely goes into the extreme zones and you can miss a lot of good deals. If price and Stochastic start moving in one direction − you can open an option!
- even though you can trade throughout the day, the most profitable results were obtained in the second half of the US session (from 16:00 UTC) and the end of the Asian session (until 06:00 UTC);
- we monitor the binary trading platform for the release of important fundamental news and statistics. We do not open the option immediately after the publication, and, if possible, close the current transaction 15-20 minutes before publication;
- time of expiration can be increased up to 5-7 minutes if the steady trend is observed. Also during such periods, it is possible to open several options with different validity period to take away a maximum of the movement at minimal risk. If the broker gives the chance to close the option until expiration, then surely we fix the transaction (even if it in profit!) at the emergence of an opposite signal!
Automatic trading according to the «Everest» strategy is possible: several versions of binary option bot can be found on the network, but, like on any scalping system, it is better to trade manually using this scheme. This will allow you to more effectively tune the system to market changes, and the multicurrency properties of the strategy guarantee you a stable arrival every day.