Dynamic Channel of Support and Resistance System

Binary Options Strategy: Dynamic Channel of Support and Resistance system for mt4

This Binary Options Strategy is a reversal trading strategy based on a Dynamic channel Support- Resistance indicator written by Tinytjan in 2007 and pubblished on the http://codebase.mql4.com. This indicator is based on the Gaussian function.
For to install Dynamic Support and Resistance indicator before copy in the libraries folder the file Gaussian.mq4 (/libraries/OneSideGaussian.mq4).

Rules for: Channel of Support and Resistance: 60 min, Binary Options Strategy High-Low
This Binary Options Strategy works also at these time frames
Time frame 60 min exiperes time 60 min.
Time frame 240 min exiperes time 240 min.
Time frame daily min exiperes time daily min.

Metatrader indicators:
Support-Resistence Indicator;
Spike bars indicator V.3, setting H1 (EUR/USD,AUD/USD, 25 pips range,GBP/USD 27 pips, USD/JPY 20 pips, NZ/USD and USD/CHF 23 pips, EUR/JPY 27 pips,
GBP/GPY 30 pips,) for time frame 240 (multiply by two the range) for time frame daily ( multiply by two the range)
overbought oversold indicator.

Buy Call
Condition: overbought oversold indicator between the red lines.
Wait Spyke Bar form a red bar that closes below the lower band of the channel,
Buy call at next open bar or wait That the price is greater than five pips compared to the end of the previous bar.

Buy Put
Condition: overbought oversold indicator between the red lines.
Wait Spyke Bar form a Blue bar that closes below the higher band of the channel,
Buy put at next open bar or wait That the price is less than five pips compared to the end of the previous bar.

This is an interesting idea to trade, to develop.

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