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5 Day Breakout Binary Options Strategy

This binary strategy takes advantage of the 5 day high-low price. We simple wait for a breakout above or below the 5 day high/low price and then trade accordingly. We will be using a special indicator that draws the high low price automatically on the chart. So, you don’t need to calculate anything¬†nor draw any breakout lines. We just want to keep it very simple and focused.

Chart Setup

Binary Indicators: breakout_BO
Time Frame: 5 min
Trading sessions: Any

Tradable Assets
Currency pairs: Any
Commodities: Gold, Silver, Oil
Indices
Stocks

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Download the 5 Day Breakout Binary Options Strategy

EUR/USD 5 Min Chart Example (Open PUT Call Option)

5day-binary-options-strategy

EUR/USD broke below the 5 day low price. We opened buy PUT order with 20 min expiry time. As you can see in the chart above, the option expired in the money for a 79% profit.

Trading Rules

Buy CALL Option:

  • Asset price closes above the 5 day high price
  • Buy Call Option at the open of the next bar

Buy PUT Option:

  • Asset price closes below the 5 day low price
  • Buy Put Option at the open of the next bar

Expiry Time:

4 bars expiry (20 min)

As with everything, please experiment with the expiry time settings to find out what works best for your trading style.

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