Simple Bands Binary Options System With CCI
I’ve been testing this binary options system for a while and the results look great. It consists of 2 trading indicators: the 3-bands indicator for options trading and the popular CCI indicator. The image below shows the trading outcome on the 5 min British Pound /US Dollar chart. 8 Wins and 2 losses, that’s 80% winning rate.
Let’s take a closer look how the system works:
Binary Indicators: ColorCCI.ex4, binary-options-bands.ex4
Analysis Tools: N/A
Time Frame: 5 minute, 15 minute
Trading sessions: Any
Assets: Currencies, Stocks, Commodities
GBP/USD 5 Min Chart Trading Example
As shown on the 5 min chart above, the system generated 8 wins and only 2 losses.
Buy CALL Option:
- Price trades above the green middle band
- Green color CCI bar
Buy PUT Option:
- Price trades below the green middle band
- Red color CCI Bar
Expiry time of the binary option:
Preference: 3 bars (15 min for 5 min chart and 45 min for 15 min chart). Alternatively: choose the closest expiry time available.