binary strategy for 15 minutes Binary Options 2020

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1-minute (“60-second”) Binary Options Strategy: 14 of 18 wins

On Monday, I broke from my normal routine of trading 15-minute expiries from the 5-minute chart in favor of “60-second” binary options. For one, I simply felt like breaking things up a bit for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, as it’s now offered by many offshore brokers. Therefore, introducing some 60-second trades into my blog can serve to lend some advice on how I would approach these.

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Normally, I do not trade 1-minute options first and foremost because the payout is relatively poor (70%). Also, it is more difficult to be as accurate with these trades as the 15-minute trades, due to the inherent level of noise on the 1-minute chart, in my opinion.

In other words, when trading 60-second options from the 1-minute chart, you’re dealing with a very small amount of price data encapsulated in each candlestick, and one minute of price action is relatively inconsequential in the grand scheme of things. That said, I believe that it’s fully possible to make sound trading decisions regarding what may happen to the price movement in the next minute.

Basic 60 Second Strategy

My basic strategy toward 60-second options goes as follows:

1. Find support and resistance levels in the market where short-term bounces can be had. Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments.

2. Take trade set-ups on the first touch of the level. When you’re trading instruments that have a high level of noise inherent in the eventual trade outcome (like “60-second” options), I believe that taking a higher volume of trades can actually play to your advantage.

For those who are not familiar with the way I normally trade the 15-minute expiries from the 5-minute chart, I normally look for an initial reject of a price level I already have marked off ahead of time. If it does reject the level, this helps to further validate the robustness of the price level and I will look to get in on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups.

60 Second Trades Lead To Higher Trade Volume

But since the inherent noise in each 60-second trade is so large to begin with, I believe trading in higher volume can actually work to one’s benefit in that it helps to even out the accuracy fluctuations that come when trading such short-term instruments.

To provide a baseball analogy, a hitter who normally maintains a batting average of .300 (i.e., he makes it on base with a hit on three out of every ten at-bats) may go through a ten-game stretch where he only bats .100. On the other hand, in that same span, he might hit .450. But over the course of a 100+-game season, it’s expected that with enough at-bats, his true skill level with regard to hitting will be accurately revealed. It’s a “regression to the mean” type of concept.

As such, if you’re trading 60-second options and only taking 1-2 trades in a 4+-hour session (i.e., being super conservative), it’s likely that you’re going to be waiting a very long time before your true skill level at this form of trading is revealed to your attention.

You may not even have an effective strategic approach to 1-minute options, and it would be unfortunate if you went over a month of trading this instrument before you begin to realize that that’s the case once your profit curve (or ITM percentage) starts to take its appropriate shape. That said, don’t overtrade by taking set-ups that aren’t actually there. That’s far worse than even choosing to trade at all.

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3. Don’t blindly trade all touches of support and resistance. Continue to consider price action (e.g., candlestick types and formations), trend direction, momentum, and things of that nature that come with personal exposure to how markets of your interest behave and furthering your trading education to continually become better.

But without further ado, I will show you all of my 60-second trades from Monday and I how I put all of the above into practice. To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots.

Trade History Using 1 Minute Expiry

#1: 1.32817 had been the high for the morning and formed an area of resistance. On the first re-touch of 1.32817 I took a put option on the 1:54 candle. This trade won.

#2: Similar to the first trade I took a put option on the re-touch of 1.32817. This trade also won.

#3: A third put options at 1.32817. This trade lost, as price went above my level and formed a new daily high.

#4: Price formed a newer low at 1.32715, retraced up to 1.32761, before coming back down. I took a call option on the re-touch of 1.32715 and this trade won.

#5: Basically the same trade as the previous one. Price was holding pretty well at 1.32715 so I took a subsequent call option and won this trade.

On the 2:26 candle, price made its move back up to the 1.32761 resistance level. On a normal move, I would take a put option there, but momentum was strong on the 2:26 candle (nearly six pips) so I avoided the trade.

#6: Several put options almost set up on the 1.32761 level, but none materialized at the level. So my next trade was yet another call option down near where I had taken call options during my previous two trades. However, since 1.32715 had been slightly breached before, I decided to instead take a call option at 1.32710 instead. I felt this was a safer move as just half-a-pip can be crucial in determining whether a 60-second trade is won or lost. This trade won.

#7: Put option back up at the 1.32761 resistance level. This trade won.

#8: Call option down at 1.32710 (where #6 was taken). This trade won. However, the minute after this trade expired in-the-money, the market broke below 1.32710 and formed a newer low at 1.32655.

#9: This trade was a put option at 1.32710, using the concept that old support can turn into new resistance. Nevertheless, this trade did not win as price continued to climb back into its previous trading range.

#10: I decided to take a put option at the touch of 1.32817, which was the level at which I took my first trades of the day. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward. But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1.32817, I took the put option and the trade worked out.

#11: Another put option at 1.32817. This trade won.

#12: For this trade, the high of day initially made on the 2:13 candle came into play – 1.32839. I had intended to take a put option at this level on the 3:22 candle, but price went through it quickly and closed. And then for maybe 10-15 seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry. So I’m glad I missed that trade, as it’s one that would have lost.

I did end up using the 1.32839 level on a call option, though, given that previous resistance can turn into new support. This trade won.

#13: 1.32892 was now currently the high for the day and had formed a recent resistance level. I took a put option on the touch of the level. This trade won.

#14: Similar to #12, I used 1.32839 as support once again, and it produced a winning trade.

#15: Once again, I used the current daily high of 1.32892 as a resistance level off which to take a put option. But price busted through and this trade lost.

#16: Another fifteen minutes passed by before I was able to take another trade set-up. This time, I used 1.32892 as a support level (old resistance turning into new support) to take a call option. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up. It turned out to be a winner.

#17: For put options at this point, I had an eye toward 1.32983 (the new high for the day), but price consolidated twice at the 1.32971 level forming a line of resistance. So I decided to take a put option at the touch of 1.32971 on the 4:28 candle. This trade turned out to be a nice four-pip winner.

#18: My final trade of the day was a call option back down at 1.32839, where I took the same set-ups for #12 and #14. This was another good four-pip winner.

After that I was waiting for price to come up and see if 1.32892 would act as resistance, but it never touched. Also, I was feeling a bit fatigued by this point and decided to call it quits for the day.

Conclusions On This Strategy

Overall, I did pretty well for my first day trading 60-second options, going 14/18 ITM. But, in general, I have faith in my strategy to predict future market direction with a reasonable level of accuracy, and my ability to apply it to any market or timeframe. I also enjoyed toying around with the 1-minute options, as it was a new experience, and I would definitely consider adding more 60-second option days into my regimen in the future.

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15-Minute Strategy Binary Options

There is an idea among traders that a 15-minute timeframe is the best to use for binary options. In addition, there are so many trade strategies that are convenient for working with a minimal deposit.

What is a 15-minute strategy?

Before considering all the nuances of 15-minute binary options, let’s see what exactly they exactly. There are 2 standard interpretations:

  • All deals are made on 15-minute graphs and expire is 15 minutes (3 candlesticks).
  • Deals are made on M15 and expiration is shown accordingly to strategy conditions (3-5 candlesticks are used more often (from 45 minutes to 1 hour 15 minutes).

These approaches are equal, and it’s not necessary to think too much about which of them is more correct. Use whichever is more suitable for your work schedule.

To make a decision, think about the reason that you want to work with M15. Besides its popularity, there are 2 goals that can influence your decision:

  • Increase in earnings because of intensive trading
  • Trade in conditions of deficit

Warning! If you just learned about all of the possibilities of binary options trade or have less than 1 year of regular practice, then choosing a 15-minute timeframe for realization of the first goal (increased intensity) can be very dangerous.

This is a short time interval that requires taking into consideration a lot of additional factors. That’s why only experienced traders can successfully increase the frequency of deals. Later you will realize why this is so.

The interrelation of M15 and another timeframes

We would like to remind you that the strategies for 15-minute binary options are methods for professionals and traders who have a limited number of minutes available.

As soon as you understand this condition, we can continue.

It is necessary to pay attention to the movements of higher timeframes rather than putting a 15-minute expiration or choosing this time frame.

Here are the following recommendations:

  • working with M5 follow H-1
  • working with M15 use H-4

The impulse movements appearing on M5 or M15 are not very sustainable. Since the main rule of technical analysis prohibits opening deals against the trend, you can avoid doing so with the help of 1-hour or 4-hours graphs. It will happen this way:

  • A trader determines an entry point by choosing a strategy for profit
  • He or she opens H1 or H4 graphs for the same asset and looks at their condition for a few seconds before the asset’s activation. The deal is made if the entry on buying is expected, and the upper graphics confirm this signal by its rising trend. Otherwise, it is better to stay out of the market (the same goes for selling).

The higher timeframe is one of filters that allows to block out so-called “market noise” that affects all of the strategies for 15-minute options. It is not necessary to use it, but it is valuable to include it in the current system as possible.

Similarity of the M15 strategy with other systems

We won’t go into detail but rather list the tools and concepts that persist for this type of strategy. You can work with all available indicators (in all variations and quantities). In other words, you can use any tool that you want to select the trading algorithm.

The result can be influenced by the output of news that is published in the economic calendar. If you expect some kind of news, try not to enter the market for 2-4 hours before and after its introduction. Now let’s talk about the nuances.

Technical features of strategies for M15

Important levels

It is better to start from a «support and resistance» level action. For the 15-minute graphs, support and resistance levels will play a secondary role. At any level, there is a price zone that starts from one value and finishes at another. Let’s assume a trader sees support at 1.1500. He can assess it in the following way:

  • Level 1.1500 is equal to line 1.1500 (it’s a bad choice)
  • Level 1.1500 is equal to zone 1.4950 – 1.5050 (it’s a good choice)

This means that the price is able to break through any technical level for a short period of time. Such a turn is quite acceptable and painless for traders who work with hourly and higher graphics. What’s concerning about the 15-minute strategy is a fairly short period of expiration, which will not allow the level to affect the price.

The conclusion: the presence of any level must be confirmed by 2 or more additional signals. Any trading decisions can’t be made without this confirmation.

Graphic formations

It is inappropriate to use candlestick analysis as a strategy for 15-minute binary options. That means opening the deal once the patterns appear: «Takeover», «Harami», «Cloud cover», «Hammer and hanging man», etc. The completed formations are unsustainable. It is necessary to use a timeframe not lower than H4 to get a true signal that is suitable for a prognosis. For the same reason, it is not necessary to look for relevant graphic figures («Triangle», «Flags», «Pits/Tops», etc.).

There is a service at some broker companies that allows you to continue trading on the weekends. This is possible because a broker makes a visual trajectory of quotations at his discretion and users try to predict it. Momentum is very important for 15-minute strategies. It can be gotten only during working days when there are big players present. Here is the conclusion: do not trade on weekends.

Volatility should be taken into account

This term means the average number of points that is passed by a chosen asset during a day. It should be known that this indicator mostly depends on the popularity of a trading instrument and a present session.

As far as the level of volatility, 15-minute strategies must have an average or higher value (there is a short period of expiration, that’s why the market should quickly move in the chosen direction). We will determine the volatility level according to the following plan:

  • Look at the table of trading sessions
  • Look at the table of the popular assets’ volatility during every session period
  • Find a time when it is convenient for you to work with an instrument that has essential volatility

If you do not know which asset is better to use, please go by following recommendations:

  • It is not desirable to have more than 3 instruments (the number of deals is strongly affected by this)
  • The chosen asset should be fairly popular; otherwise it will be difficult to find appropriate signals
  • Learn all the features of your instrument: from historical maximums to a news list that can affect the movement

As you see, 15-minute strategies require a lot of work. This is why you don’t want to waste your energy on superfluous things. The more information you have, the better the quality of your deals.

Operating principle of working with binary options using 15-minute strategies

There are a lot of articles on the Internet about dealing with binary trading that describe the following ideas:

  • The advantage of intra-trade is that it is possible to open a large number of deals
  • The short timeframes require you to constantly be at your computer

These ideas are so straightforward that they don’t cause any doubts. However, let’s think about it:

You have a little time during the day that you want to spend on the binary market (as mentioned above, there is no sense working with M15). Therefore, the number of profitable deals that can actually be obtained won’t be too large (on average it will be between 1 and 3).

Let’s assume that you decide to follow this plan: 1 day = 1 hour = 1 qualitative signal = 1 profitable deal (it is obvious that you will act differently if there is any loss).

Let us suppose you do all this and you get the desired results after the first 15 minutes.
Here is a question: will you continue for the next 45 minutes or take a break?
The answer is: the professionals stop and the newbies continue.

A big disappointment awaits you if you don’t overcome the feelings of excitement and greed, and simply don’t appreciate the value of today’s profit. Perhaps, this fact marks the distinction between the leaders and losers of the binary market.

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