Gartley Pattern Call/Put Binary Options Trading Strategy

There is probably no simpler trade that you will take than this Call/Put trade with the Gartley-pattern.ex4 indicator.

We all know by now that the Gartley pattern is also called the XABCD pattern. The “XABCD” represents the 5 key points from where lines can be traced to form the characteristic “W” and “M” shapes of the two varieties of the Gartley patterns.

This strategy shows you exact spots to enter your Call or Put trade, based on the signal from the Gartley-pattern.ex4 indicator.

Chart Setup

MetaTrader4 Indicators: Gartley pattern.ex4 (custom indicator).

Preferred Time Frame(s):  5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day,

Recommended Trading Sessions: The pattern can be traded at any time.

Currency Pairs: Any

Download

Download the Gartley Pattern Call/Put Binary Options Trading Strategy

Buy Call trade Example (Click the image for full size view)

Gart_CALL-binary-options-strategy

Strategy

The strategy is to do nothing but wait for a time when a Gartley pattern forms on the charts. Here the trader does not need to physically identify, trace or even work out which point on the pattern the trade should be taken from.

The gartley-pattern.ex4 does all the tracing itself and even goes ahead to highlight the point D, which is where the trade is taken from. The setups are shown below.

CALL ENTRY RULES

The Call entry is made when the following occurs:

  1. Gartley pattern has been traced fully by the indicator (blue coloured butterfly-like pattern on chart). This looks like an “inverted W” or an “M-shaped” butterfly.
  2. The red box appears at point D.

Initiate the Call Trade immediately the candle in view at the red box touches point D.

Expiry: The trade is set to expire at the close of the 2nd or 3rd candle following the entry candle. The time frame of the chart will indicate the length of time this will translate to.

Modified Exit Strategy: If the 2nd candle has not moved into profit territory, use the Roll Over function on your binary options platform to defer the expiration of the trade to the close of the next candle.

PUT ENTRY RULES

The Put entry is made when the following occurs:

  1. Gartley pattern has been traced fully by the indicator (blue coloured butterfly-like pattern on chart). This will be in the shape of a “W”.
  2. The red box appears at point D.

Initiate the Put Trade immediately the candle in view at the red box touches point D.

Gart_PUT-binary-options-system

Expiry: The trade is set to expire at the close of the 2nd or 3rd candle following the entry candle. This is a 1-hour chart, so expiry will be set to either 2 hours or 3 hours.

Modified Exit Strategy: If the 2nd candle has not moved into profit territory, use the Roll Over function on your binary options platform to defer the expiration of the trade to the close of the next candle.

Free Download

Download the Gartley Pattern Call/Put Binary Options Trading Strategy

About The Trading Indicators

The Gartley pattern was created by H.M Gartley and described in detail in a 1935 book known as Trading Chaos. The strategy is basically a reversal trade strategy based on Fibonacci ratios.

Each of the 5 points that make up the Gartley pattern are Fibonacci retracements or extensions of each other. This indicator has removed a major obstacle that traders usually have using this pattern, which is on pattern identification and tracing.

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