HomeMade Strategies Okane 15-30 Minute Strategy, Simple and Profitable
April 18, 2014 by Okane
Full Review of Okane’s 15-30 Minute Binary Options Trading Strategy
When I first attempted to create my own strategy my goal was to develop a system that could eliminate doubts and indecision out of the equation. I needed confirmation, a solid strategy with simple rules that could be followed and traded mechanically. Today, with months of training, I have the skills to fully benefit from the great trading opportunities it offers. If you are a newbie, you can follow the rules and trade this strategy mechanically until you acquire the skills necessary to understand the reasons behind the rules. Once you’ve reached that state you will also be able to take complete advantage of my strategy. Hence I can recommend this strategy to both newbies and more experienced traders!
The MT4 Setup
Few words about the FiboPiv:
This is an indicator that calculates and draws S/R-lines on your chart. The accuracy of these lines are very high. I advise newbie traders to not trade near these lines until they understand price action well, specially the pivot-line. Sometimes price is in indecision around the pivot-line, which means you can’t identify a clear trend. After you understand how price reacts near important S/R-lines you can use them to your advantage. You can learn about the PivotCalc here.
How does this Strategy Work?
First you need to confirm the direction of the trend. The moving averages are the very useful tools for this task. To identify a trend go to the 15-minute chart and see if the candlesticks are under or above the 200-EMA AND the 50-EMA. To make sure the trend is not in a state of consolidation or about to change direction it’s important to identify previous highs and lows. To locate these highs and lows simply mark the areas where stochastic oscillator showed overbought/oversold levels. Check to see if price is stepping down and is under the 200 and 50-EMA, if that is the case look for lower highs and lower lows. If price is stepping up it should be creating higher highs and higher lows above the 200 and 50-EMA. The goal is to find these “steps” or small retracements inside the trend.
-For Call options: enter at higher lows, candlesticks should be above the 200 and 50-EMA and oversold levels on both Stochastic and RSI
-For Put options: enter at lower highs, candlesticks should be under the 200 and 50-EMA and overbought levels on both Stochastic and RIS
Here is an example of a 15-minute chart of USD/JPY:
The two vertical red lines show the lower highs at overbought areas on the 15-minute chart. Notice that these two highs are also under the 200 and the 50EMA. These are good locations for Put-Options.
You can actually find two more Put opportunities if you look carefully. Notice that the distance between the 50 and 21-EMA is becoming narrower on the right side in the picture and Doji-candles are forming. This is not a good place for Put-options even though Stochastic and RSI are overbought.