SpikeBar Binary Options system – trading strategy is probably one of the simplest trading strategy that you can find. It makes use of just one indicator and that is all you need. The flexibility comes from the fact that this strategy can be traded on any time frame. Meaning that if you use 1 hour charts for analysis, then you would trade 60 minute binary options expiring contracts or if you use the 15 minute charts, then you would be trading the 15 minute binary options expiring contracts.
Who is this strategy ideal for?
This strategy is basically so simple, anyone can trade it with a very decent success rate and it works across all time frames.
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For Call options
For Put options
Strategy Tweaks and Tricks
SpikeBar Binary Options system could be improved by applying Bollinger Bands (20, 2) and trade only those signals where the signal is shown when price is outside the Bollinger band. The strategy on its own has a good success rate but is prone to false signals as well.
If you wanted a simple binary options trading strategy, then this is it. The strategy is also clean enough that traders can use this strategy, combining it with their own methods to improve on this indicator.
Download spikebar indicator for new MT4 build here