The binary options strategy Zig Zag Trading System is a mixture of different types of indicators . Despite this, the signals from this strategy are quite profitable and can bring up to 75% profit. This strategy is based on a well-known indicator - Zig Zag, the direction of which will be taken into account when making transactions.
Characteristics of the strategy for binary options Zig Zag Trading System
- Terminal: MetaTrader 4 .
- Time frame: M1-H1.
- Expiration: 3 candles.
- Types of options: Call/Put.
- Indicators: Heiken Ashi Kuskus, Kuskus Stop, Hist Step MA Stoch.
- Trading instruments: all currency pairs.
- Trading hours: 9:00-17:00.
- Recommended brokers: Quotex , PocketOption , Binarium .
Installing Zig Zag Trading System Strategy Indicators in MT4
Indicators are installed as standard in the MetaTrader 4 terminal.
All indicators are installed with default settings.
To avoid setting up the chart yourself, at the end of the article you can download indicators and a template for this strategy.
Instructions for installing indicators in MetaTrader 4:
Rules for trading using the Zig Zag Trading System strategy
As mentioned above, the basis of this strategy is the Zig Zag indicator. Therefore, transactions will be made in the direction of this indicator:
The same rule works for Put options. The indicator should fix on the top and a downward movement should begin.
Note: This explanation is given because this indicator fixes its values only after a certain movement. Zig Zag never shows a reversal in advance .
Now let's look at the rules for entering a trade. To open a Call option you need to:
- The Zig Zag indicator should fix its values at the bottom of the movement.
- The price must cross the Heiken Ashi Kuskus indicator from bottom to top.
- The Hist Step MA Stoch indicator should turn green.
To open a Put option you need to:
- The Zig Zag indicator should fix its values at the top of the movement.
- The price must cross the Heiken Ashi Kuskus indicator from top to bottom.
- The Hist Step MA Stoch indicator should turn red.
Examples of trading using the Zig Zag Trading System strategy
The trading rules for this strategy are absolutely elementary and do not require much experience in trading, since only two indicators will most often be used in decision-making.
Any time frame can be used, since expiration is measured by the number of candles from the selected time frame. For example, we will use the M1 chart and expiration will last 3 minutes.
Currency pair - EUR/USD.
Opening a Call Option
We wait for the candle that has changed the color of the indicator to close and we can enter the position:
Opening a Put option
Everything is the same for reverse transactions:
Conclusion
As you can see from the examples, this strategy for binary options has clear rules that will enable even beginners to begin opening their first transactions in the financial markets.
Do not forget that whatever the strategy, you should always control risks and emotions, otherwise trading can turn from a serious business into a game.
Also, for successful trading, it is recommended to make transactions only through a trusted broker. If you have not yet found one, then you can familiarize yourself with our rating of binary options brokers and choose the one you like.
Download indicators and template for the Zig Zag Trading System strategy
Can't figure out how this strategy or indicator works? Write about it in the comments to this article, and also subscribe to our YouTube channel WinOptionSignals , where we will definitely answer all your questions in the video.
See also:
Support and Resistance Level Indicators for MT4
How to choose a binary options broker?
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