We continue to publish profitable strategies of binary options that do not use indicators. Our proposed system is also easy to work with, as well as most others. Binary options strategy Profitable Box really works, as you can see from the following example.
One of the main guides for this strategy of binary options is a period from 12.00 to 14.00 GMT. Exactly at this time the American session begins. This strategy does not use any technical analysis indicators and the figures of the graphical analysis. To work with this trading system a trader needs a perfectly pure graph.
The first thing to do is to determine the correct time. At 12:00 GMT the US trading session begins. The candle, which is formed at this time, is the left wall of the box. Within two hours the formation of the upper and lower boundaries of the box is happening on the graph, so this issue must also be carefully monitored.
Binary options strategy Profitable Box is actually very simple and does not require any serious knowledge of technical analysis from the trader. All that is needed is already on the graph. Let’s take a look at the following screenshot.
In the screenshot we noted the place that is called the box. The side walls of this box define the time range from 12.00 to 14.00 GMT. And the upper boundaries determine the price range in the meantime. All the trader needs is to monitor closely what candle will be next to the box, and in what direction the range indicated by its top edges will be broken.
Considering the clarity of the given trading system for binary options, to get a trading signal through it is quite easy. As we have noted, all the essence of the strategy is in the box, which is drawn on the graph. Once you receive the candle following the box, you must monitor the situation closely. Breakout of the trading range, which outlines the top and the bottom edges of the box will serve as a trading signal.
So what is the principle of operation of binary options strategy Profitable Box? Everything is very simple. As soon as the next candle breaks the range of the box, you must open a position in the direction of penetration.
Let’s take a closer look at our graph. The next candle to the box on it is bullish. Once it goes beyond the box, you can buy a Call option. As you can see, there is nothing really complicated. Moreover, this strategy works both for buying Call options and Put options. It is important to monitor the market situation closely. If after the box the candle breaks the range down, you must buy a Put option.
The most difficult aspect of this strategy is to define the range. But to deal with it is possible even for beginners, because if they properly outlined timeframes, to determine the price range within them is quite simple, drawing horizontal lines through extremes.
Thus, the strategy of binary options Profitable Box is very simple and profitable. Trading on it is possible both for professional traders and beginners who just started their acquaintance with financial markets.
That’s all for now. Got any questions? Just ask the expert!