Bollinger band binary option strategy

Hi

I have started taking interest in Binary Option and i found one strategy which one of my friend was using successfully but he had huge account. He did not tell me about the exact investment but he had $50,000 in his account for investment according to my knowledge.

I will share that strategy but be careful to use it, You can have great loss. But you can also have great profit.

I have limited information about the binary option so i want traders to participate or modify that strategy to work well for small investors.



There are two requirements.

·Forex MT4 M1 chart and Bollinger band with default settings.
·Binary option Demo Account with 60 seconds

You can download the Meta Trader 4 for free(just google it and you will find the website)
I do not know if there is any free demo account with any broker for binary option is available or not. I will request other traders to provide information about it.

Strategy:

Total account deposit $1,000
Remember that most of Broker have minimum winning percentage is 60%. I am talking about minimum otherwise in many cases it is more than 70% payout.

Logic of below given strategy is that you will win for sure in six trades.
·Be alert when PA touch upper Bollinger or lower Bollinger
·Suppose PA touch upper Bollinger then wait for one bear bar to close.

·As soon as bear bar close, select PUT with investment $1. If you loose this trade, invest $2 and again select PUT. If you loose this trade, invest $6 and select PUT. If you loose it again, invest $18 and select PUT. If you loose this trade, select PUT with investment $ 56. If you loose this trade, select PUT with investment $ 166.

Same strategy is for CALL trade but you have to look for Bull trade after touching Lower Bollinger.

First Post is updated with strategy. All suggestions are welcome.

your account will be gone in a very short time.
If you start trading with 1$ you will make no return regarding the 50.000$ you have in your account.

If you loose about 12 times in a row you don't have enough capital to bet anymore. How high is the chance that you don't have 12 consecutive losses in the roughly 40.000 trades you have win to cover your ruin?

WTF you just made this up....

firstly, why is the 2nd bet a double down and all the others a triple down makes no sense
secondly you have failed to mention the outcome cost of the binary option....

at the start of the 60 second period at best you would get an entry level of 50 out of (0-100) more likely due to price direction you will get an entry more like 60 which means if you take your 3rd bet of $6 you either lose 60x6 = $300 or win 40x6 = $240

if you do the maths on a 50 entry which is being generous and you keep losing from the outset you will be down $36450 after the 9th bet and would not have the margin for a 10th bet out of your $50k and would be down $43740 on a 60% entry which may still be generous.

now go look at a 1 minute chart and you will see just how many times you will get wiped out in a day.

please link your live trade explorer so that we can all follow...

Well I could need those 50.000. Another alternative would be to just hand them over to me or I could be the counterpart of your trading... I will defiantly put it to good use ..

sorry this is not going to work. go see the work at binaryoptionsdaily its all been done and tried.

I always use Forex trading and my way to make pips is scalping. I am not long term trader.

As i already mentioned that i am just new to binary option. It is my nature that if any new thing comes in forex world, i try to learn or test the new indicators.

If that strategy is not going to work, can you guys (Maxdoom, Kilian19, tommbstone) help to design good strategy because you all are very experienced.

Here is my suggestion - http://forexuseful.com/the-greatest-...-jon-mcfarlane

And, if that's not enough, here's another one - http://forexuseful.com/authors/forex...le-infographic

Don't you need to consider the Trends and then work out whether it is alright to PUT or not.