Monday, July 7th, 2014 by Tim Lanoue
Profiting in binary options can be a difficult task especially when you are new to the industry or are trying to trade before or after market hours. I know that many of us have jobs that may limit our ability to trading during market hours allowing you only to trade during intra-trading hours. One important thing to keep in mind is that since we are not trading during market hours we want to stick with longer expiry times. Moving forward we will cover one of my very own trading strategies that I designed specifically for intra-trading hours!
If you set up and implement this trading strategy as intended you should experience an in-the-money winning percentage around 74-78% on a weekly basis. One of the best advantages about this strategy is that it only requires the use of two simple indicators, the Coppock Curve indicator and a Simple Moving Average indicator. I do have a personal preference to FreeStockCharts.com just because it is easy and quick to set up! Expiry times and time frames that we should use should be no less than 15 minutes and no longer than 30 minutes, whatever time frame you have will also be the expiry time that you use.
When setting up make sure that your time frame is at one of the two appropriate times. Once that is done you can add the Coppock Curve indicator into the charting solution, you don’t need to tinker with the settings of this indicator so just add it as it is. The simple moving average on the other hand we want to set at a period of 7, we keep it at this setting even if we are using a 15 or 30 minute window. When using this strategy I prefer to use low volatility currency pairs. The three currency pairs that I would recommend the most when using this strategy would be the Eur/Usd, Usd/Chf and Usd/Cad.
In the picture below you can see an example of how this strategy would look like and where we would place our trades. As you can see we won 5 out of the 6 trades placed allowing us to have an in-the-money success rate of about 83%. The signal process is simple, basically when the purple line crosses our moving average line then we go ahead and place a trade in the same direction as the cross. So if it crosses our line in an upward movement then we place a call trade and vice versa for a downward cross.
This trading strategy can be used during market hours but is especially accurate during intra-trading hours as well. The best advantage about this strategy would be the simple signal processing involved, novice traders along with experienced traders should take advantage of this simple but highly accurate trading strategy. As always if you have any suggestions, comments or questions please feel free to leave them below! For more strategies be sure to subscribe to the BinaryoptionsChannel.com Blog!