Trading strategy for binary options Support and Resistance bounce

Support and Resistance bounce trading strategy is designed to trade binary options and is based on the use of the rebound from local support/resistance levels.

Input parameters

• Currency pairs: any.
• Timeframe: any.
• Duration of the option: 1-2 candles.
• Bidding time: any.
• Risk Management: Choose such an option volume that the risk is no more than 2-5% of the deposit per trade.

Setting up the price chart

1. Unpack the archive.
2. Copy the template into the templates folder.
3. Copy the indicators to the folder MQL4 -> indicators.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Set the template named Support and Resistance bounce.

The schedule should look like this

Signals indicating the purchase of a CALL option (predicting an upward move)

1. A big blue up arrow appears (signal from Stochastics).
2. A local support level was formed.
3. A green up arrow appears.

Signals indicating the purchase of a PUT option (predicting a downward movement)

1. A big pink down arrow appeared.
2. A local resistance level was formed.
3. A green down arrow appears.

First of all, it should be noted that the Support and Resistance bounce trading strategy, in principle, is not only suitable for binary options trading, and can be used for normal trading. In this case, you should use standard methods of placing a stop-loss order.

In the second place, the undoubted advantage of the strategy is its simplicity - the rules of entering the transaction will not cause difficulties even for novice traders.

Before using Binary options trading strategy Support and Resistance bounce on a real account, we strongly recommend that you test it on a demo account.

Download Trading Strategy Template and Indicators

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