Binary Options 60 Second Strategy

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1-minute (“60-second”) Binary Options Strategy: 14 of 18 wins

On Monday, I broke from my normal routine of trading 15-minute expiries from the 5-minute chart in favor of “60-second” binary options. For one, I simply felt like breaking things up a bit for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, as it’s now offered by many offshore brokers. Therefore, introducing some 60-second trades into my blog can serve to lend some advice on how I would approach these.

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Normally, I do not trade 1-minute options first and foremost because the payout is relatively poor (70%). Also, it is more difficult to be as accurate with these trades as the 15-minute trades, due to the inherent level of noise on the 1-minute chart, in my opinion.

In other words, when trading 60-second options from the 1-minute chart, you’re dealing with a very small amount of price data encapsulated in each candlestick, and one minute of price action is relatively inconsequential in the grand scheme of things. That said, I believe that it’s fully possible to make sound trading decisions regarding what may happen to the price movement in the next minute.

Basic 60 Second Strategy

My basic strategy toward 60-second options goes as follows:

1. Find support and resistance levels in the market where short-term bounces can be had. Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments.

2. Take trade set-ups on the first touch of the level. When you’re trading instruments that have a high level of noise inherent in the eventual trade outcome (like “60-second” options), I believe that taking a higher volume of trades can actually play to your advantage.

For those who are not familiar with the way I normally trade the 15-minute expiries from the 5-minute chart, I normally look for an initial reject of a price level I already have marked off ahead of time. If it does reject the level, this helps to further validate the robustness of the price level and I will look to get in on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups.

60 Second Trades Lead To Higher Trade Volume

But since the inherent noise in each 60-second trade is so large to begin with, I believe trading in higher volume can actually work to one’s benefit in that it helps to even out the accuracy fluctuations that come when trading such short-term instruments.

To provide a baseball analogy, a hitter who normally maintains a batting average of .300 (i.e., he makes it on base with a hit on three out of every ten at-bats) may go through a ten-game stretch where he only bats .100. On the other hand, in that same span, he might hit .450. But over the course of a 100+-game season, it’s expected that with enough at-bats, his true skill level with regard to hitting will be accurately revealed. It’s a “regression to the mean” type of concept.

As such, if you’re trading 60-second options and only taking 1-2 trades in a 4+-hour session (i.e., being super conservative), it’s likely that you’re going to be waiting a very long time before your true skill level at this form of trading is revealed to your attention.

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You may not even have an effective strategic approach to 1-minute options, and it would be unfortunate if you went over a month of trading this instrument before you begin to realize that that’s the case once your profit curve (or ITM percentage) starts to take its appropriate shape. That said, don’t overtrade by taking set-ups that aren’t actually there. That’s far worse than even choosing to trade at all.

3. Don’t blindly trade all touches of support and resistance. Continue to consider price action (e.g., candlestick types and formations), trend direction, momentum, and things of that nature that come with personal exposure to how markets of your interest behave and furthering your trading education to continually become better.

But without further ado, I will show you all of my 60-second trades from Monday and I how I put all of the above into practice. To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots.

Trade History Using 1 Minute Expiry

#1: 1.32817 had been the high for the morning and formed an area of resistance. On the first re-touch of 1.32817 I took a put option on the 1:54 candle. This trade won.

#2: Similar to the first trade I took a put option on the re-touch of 1.32817. This trade also won.

#3: A third put options at 1.32817. This trade lost, as price went above my level and formed a new daily high.

#4: Price formed a newer low at 1.32715, retraced up to 1.32761, before coming back down. I took a call option on the re-touch of 1.32715 and this trade won.

#5: Basically the same trade as the previous one. Price was holding pretty well at 1.32715 so I took a subsequent call option and won this trade.

On the 2:26 candle, price made its move back up to the 1.32761 resistance level. On a normal move, I would take a put option there, but momentum was strong on the 2:26 candle (nearly six pips) so I avoided the trade.

#6: Several put options almost set up on the 1.32761 level, but none materialized at the level. So my next trade was yet another call option down near where I had taken call options during my previous two trades. However, since 1.32715 had been slightly breached before, I decided to instead take a call option at 1.32710 instead. I felt this was a safer move as just half-a-pip can be crucial in determining whether a 60-second trade is won or lost. This trade won.

#7: Put option back up at the 1.32761 resistance level. This trade won.

#8: Call option down at 1.32710 (where #6 was taken). This trade won. However, the minute after this trade expired in-the-money, the market broke below 1.32710 and formed a newer low at 1.32655.

#9: This trade was a put option at 1.32710, using the concept that old support can turn into new resistance. Nevertheless, this trade did not win as price continued to climb back into its previous trading range.

#10: I decided to take a put option at the touch of 1.32817, which was the level at which I took my first trades of the day. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward. But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1.32817, I took the put option and the trade worked out.

#11: Another put option at 1.32817. This trade won.

#12: For this trade, the high of day initially made on the 2:13 candle came into play – 1.32839. I had intended to take a put option at this level on the 3:22 candle, but price went through it quickly and closed. And then for maybe 10-15 seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry. So I’m glad I missed that trade, as it’s one that would have lost.

I did end up using the 1.32839 level on a call option, though, given that previous resistance can turn into new support. This trade won.

#13: 1.32892 was now currently the high for the day and had formed a recent resistance level. I took a put option on the touch of the level. This trade won.

#14: Similar to #12, I used 1.32839 as support once again, and it produced a winning trade.

#15: Once again, I used the current daily high of 1.32892 as a resistance level off which to take a put option. But price busted through and this trade lost.

#16: Another fifteen minutes passed by before I was able to take another trade set-up. This time, I used 1.32892 as a support level (old resistance turning into new support) to take a call option. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up. It turned out to be a winner.

#17: For put options at this point, I had an eye toward 1.32983 (the new high for the day), but price consolidated twice at the 1.32971 level forming a line of resistance. So I decided to take a put option at the touch of 1.32971 on the 4:28 candle. This trade turned out to be a nice four-pip winner.

#18: My final trade of the day was a call option back down at 1.32839, where I took the same set-ups for #12 and #14. This was another good four-pip winner.

After that I was waiting for price to come up and see if 1.32892 would act as resistance, but it never touched. Also, I was feeling a bit fatigued by this point and decided to call it quits for the day.

Conclusions On This Strategy

Overall, I did pretty well for my first day trading 60-second options, going 14/18 ITM. But, in general, I have faith in my strategy to predict future market direction with a reasonable level of accuracy, and my ability to apply it to any market or timeframe. I also enjoyed toying around with the 1-minute options, as it was a new experience, and I would definitely consider adding more 60-second option days into my regimen in the future.

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My 60 Second Binary Options Strategy

I have been toying around with 60 strategies for a long time. In general I think trading 60 seconds profitably is near impossible but that is what provides a lot of the challenge. That and the fact that trading is just plain challenging by itself. Over the past almost three years I have read a lot of strategies, reviewed a lot of indicators and examined untold numbers of systems. Most of which are completely useless for trading 60 second options simply because the reaction time between the signal and you executing the trade is just to long. I’m not saying that this is a fool proof or 100% guaranteed strategy but I can say that it is by far what I consider to be the best way to trade such short time frames. Basically it is based on volatility and market movement, duh, but specifically on one indicator that manages to capture these two phenomena quite well; Bollinger Bands ™.

Bollinger Bands And 60 Second Trading

This strategy is based on Bollinger Bands but also uses a few other indicators as well. It is not too difficult to master but does require a little experience. Basically, I use the hourly charts to set trend. You can do this in a number of ways but in general you will want to choose a market that is trending fairly strongly in this time frame. You may want to start with a daily chart, look for a good trend, then move down to the hourly chart and begin to look for the trade. I use stochastic, MACD and trend lines to make this assessment. Also, on the daily and especially the hourly chart you will want to draw support/resistance and trend lines as needed. These will help you to pinpoint your entries and also to keep you out of trades with a higher potential for loss. I will include links to other relevant articles at the bottom of this page which will help you fine tune this strategy.

  • Daily Chart – Use of this chart can help identify shorter term trends and potential areas of support/resistance. Use candlestick set up, identify trend and confirm with trend lines, MACD, Stochastic or other oscillator. Also draw in potential areas for support and resistance. Draw lines on this chart in BLUE . Trend here can be up, down or sideways.
  • Hourly Chart – Identify short term trend and mark with a RED line. Use MACD, stochastic and other oscillators to confirm. If the daily is trending up, only trade the uptrend on the hourly chart. The same if the daily chart trend is down, only trade the downtrend on the hourly chart. If the daily chart is trending sideways, at a peak or trough let the hourly chart be your guide.
  • One Minute Chart – On this chart you will only by using the Bollinger Bands. If the trend has been determined as up, only trade bullish signals and vice versa for down trends.

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Bollinger Bands creates number of signals but the one most important for this strategy is the widening/narrowing of the bands. That is because the widening of the bands signifies market movement and specifically an increase of market movement. When the bands are narrow the asset is not volatile and not moving as much as when the bands are wide. When the bands are wide and/or widening the asset is moving more than it has over the past 20 bars with an expectation of it moving more over the next few bars.

For this strategy the widening of the bars is to be considered the pre-signal. As a 60 second binary trader you only want to trade when the bands are wide and the market is moving. Watch the bands, over time they create a pattern that moves with the underlying asset. When the bands begin to widen after a period of narrow trading it is your signal to watch for signals. At that time you will take entry on any signal that confirms the underlying trend as determined on the hourly charts. This is where experience comes into play. Bollinger Bands give a lot of different signals with no regard to trend so it takes a little bit of personalized interpretation to identify the signals you want. This is why I insist on using trend to weed out at least some of the signals produced; the trend is your friend, trade with your friend.

  • When price moves up to touch a band it is usually a signal that the trend will continue on that direction.
  • When price exceeds a band it is usually a signal that prices have reached or exceeded an acceptable extreme and are most likely going to pull back.
  • Candlestick signals that occur on or at a Bollinger Band are to be considered confirmations of the band.
  • Signals that confirm support/resistance or trend at the same time as confirming one of the three Bollinger Band lines are to be considered strong.
  • The lower band can act as support in an uptrend, the upper band can act as resistance in a downtrend.
  • When the bands begin to narrow after a period of wideness it is a signal the trend is slowing and that the asset may enter a period of consolidation or even pull back/correct.

The Best Indicator For Short Term Trading In this article I talk about Bollinger Bands and why they are the best indicator for short term trading.

Volatility, Bollinger Bands And You In this article I talk about specific types of Bollinger Band signals and how binary options traders can take advantage of them. This is a perfect follow up to my 60 second strategy and will help you interpret the signals.

60 Second Binary Options Strategies Explained

We would always suggest that any first time Binary Options trades spend as much time is needed looking through each of our individual trading guides, for there are quite a number of different and very unique types of trades that will be available to you.

One type of trade which is becoming more and more popular with traders the world over is something known as a 60 second trade. This is a trade which you can place which is going to close within 60 seconds of you placing it.

That does of course mean you have the possibility of locking in and making a profit after just 60 seconds instead of having to wait for a full day if you opted to place a day long expiry type of trade.

There are several strategies that trades will utilize in the hope of locking in a profit when placing one or more 60 second trades. One of those strategies will see a trader doubling up the value of their invested amount whenever a 60 second trade they place is a losing one.

The idea behind this type of 60 second trading strategy is that they will be hoping to place a winning trade eventually and by doubling up the amount the place after a losing trade they will recoup their previous losses and will make a small profit on those trades eventually.

Frequently Asked Questions

  1. Can I Extend a 60 Second Trade?

The whole idea behind a 60 second trade is that you will only have a minute in which to discover whether you have made a profit or a loss, and to enable traders to react instantly when there is a good chance the value of any trading opportunity will move in one direction or another in regards to its value.

You are unlikely to find any Brokers who will let you extend the expiry time on a 60 Second trade due to the way they have been structured. So if you do want to place much long trades then opt for one of the many long term expiry trades of which there will be many available to you on which you will also find you can extend those additional trades expiry times.
Can I Place a Commodity Trade as a 60 Second Trade?

It doesn’t really matter what type or kind of Binary Options trade you wish to place if you wish to try out and place any number of 60 second trades online or via a mobile device you will find there are just any many trading opportunities available to you on when placing 60 second trades as there are when you place any long expiry time trades.

In fact we actively encourage you to visit the websites of any of our featured and approved Binary Options Brokers as by doing so you will be able to see for yourself just how many 60 second trades are on offer to you at each of those Brokers.
Can I Test Out 60 Second Trades?

You will actually be much better off placing several demo trades when you are considering placing trades 60 second trades for the very first time as opposed to immediately placing them in a in a real money trading environment.

By initially placing several trades via your demo trading account at any Binary Options Brokee you will be able to see the way they work and master the way that you can place these types of trades.
Can I Place Multiple 60 Second Trades?

If you want to place more than one 60 Second trade then you are always going to be free to do so. In fact many Binary Options trading strategies will call for trades to place a large number of 60 Second trades during their live trading sessions.

All of the Brokers we have listed on our website offer you these type of trades, and you will always have the ability of placing as many or as few of them as is required based on your own unique trading strategy.
Are There any Trader Country Restrictions?

No matter where you live in the world you will find you can place 60 Second Binary Options trades online or on a mobile device. Just be aware that not all Brokers accept traders from every country and with that in mind take a look over our country specific Broker reviews to find a Broker that will allow you to sign up to their trading platforms straight away.

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    2nd place! Good choice!

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