In the channel strategies boundaries of price channel act in a role of dynamical support and resistance levels of from which the price tends to push off. This principle is the basis of Binary Channel strategy, which is designed for trading on the M1 timeframe with expiry time 10 minutes.
Characteristics of Binary Channel
Platform: Metatrader4
Asset: Any currency pair, any indices, any stocks and any commodities
Trading Time: European and American sessions
Timeframe: M1
Expiry: 10 minutes
Recommended broker: uTrader, 24option
Binary Channel consists of two indicators:
Binary Channel in the amount of 7 pieces with different settings
Slope Direction Line
Rules of trade by Binary Channel
CALL, when the following conditions are met:
The price crossed the one or more upper channel boundaries
Slope Direction Line also crossed the nearest line of the channel
When the price will unfold are waiting repainting Slope Direction Line in green color
As soon as the line has become green, are waiting the closure of the current candle and buy options with expiry time 10 minutes
PUT, when the following conditions are met:
The price crossed the one or more lower channel boundaries
Slope Direction Line also crossed the nearest line of the channel
When the price will unfold are waiting repainting Slope Direction Line in red color
As soon as the line has become red, are waiting the closure of the current candle and buy options with expiry time 10 minutes
Very important! For a successful trade with Binary Channel requires broker that does not create delays in the opening positions and has a zero spread. That is a broker 24option. In addition, 24option regulated by CySEC, MiFID, CRFIN and is an official partner of football clubs Juventus and Olympique Lyonnais:
In the archive Binary_Channel.rar:
©Price Border.ex4
Slope_Direction_Line.ex4
Slope_Direction_Line.mq4
Binary Channel.tpl
Free Download Binary Channel
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