Most Accurate Binary Options Strategy - ZigZag - 1 Min

Finding a strategy that consistently delivers results in the unpredictable world of binary options can feel like searching for a needle in a haystack.

But, fear not my fellow risk-takers, because I'm about to introduce you to one of the most accurate binary options strategies – ZigZag on the 1-minute chart.

This strategy has about 80% accuracy and is inspired by a YouTuber that I follow.

But before I show you the strategy let's take a look at how ZigZag indicator works.

What is ZigZag Indicator and How it works?

Imagine you're on a hike, and you're trying to map your path. You wouldn't mark every single step, right? Instead, you'd focus on important landmarks, like sharp turns and changes in elevation. The ZigZag indicator does something similar for analyzing price movements in financial markets.

What is it?

Think of the ZigZag indicator as a special filter that smooths out price fluctuations and highlights significant changes in direction. It connects a series of peaks and troughs, ignoring minor price movements that might be just noise. This helps us see the "big picture" and identify trends more easily.

How does it work?

The ZigZag indicator relies on a simple rule: it only plots a new point when the price moves by a certain percentage (called the "deviation") from the previous peak or trough. This means that minor fluctuations are ignored, and only meaningful changes in direction are captured.

What is it used for?

Traders use the ZigZag indicator for several purposes:

Identifying trends: By connecting peaks and troughs, the indicator makes it easier to see the overall direction of the price movement. This helps traders confirm existing trends or identify potential reversals.

Measuring retracements: When a price trend retraces, the ZigZag indicator helps identify the extent of the retracement. This information can be useful for determining entry and exit points for trades.

Filtering out noise: The indicator removes minor price fluctuations from the chart, allowing traders to focus on the most important price movements. This can be especially helpful in volatile markets.

The Strategy

Now that you a little about the indicator and how it works, let's look at the strategy.

First, select the timeframe to 1 minute. Then, choose the zigzag indicator and choose the colour that you want.

The Deviation needs to be set to 6, and the backstep needs to be set to 4.

This is how the indicator will look like.

As we have discussed, Zig zag indicator is mainly used  to find the trends of the market and also it is a lagging indicator.

That means the candles form first, and then the zig zag line forms.

OK now here is the strategy for the call option. Wait till the zigzag line forms. If the line appears downwards wait till a green candle forms. As soon as the green candle forms, place a call option next for 1 minute. Below you can see a live example.

It is the same for a put option. Wait till the zigzag line forms. If the line appears upwards wait till a red candle forms. As soon as the red candle forms, place a put option next for 1 minute. Below you can see a live example.

Note:- You can also use a max 1 step martingale for higher accuracy. Don't go more than that.

For live example watch this video.

Follow Strick Risk Management

Alright, listen up This zig-zag strategy is a game-changer, no doubt about it. With an 80% accuracy rate, it's like having the winning lottery numbers in your back pocket.

But here's the deal - even with such high accuracy, you've got to have rock-solid risk management skills. It's like driving a Ferrari at top speed – sure, it's exhilarating, but one wrong move and you're toast.

Now I know some of you might be thinking, If it's that accurate, why worry about risk management? Well, let me tell you something - even the best strategies can hit rough patches. That's where risk management comes in handy.

Think of it as your safety net, ensuring that even if a few trades go south, you'll still come out on top. So pay attention to this crucial aspect because, without it, even the most accurate strategy can leave you high and dry.

Remember folks, trading is like navigating uncharted waters – there are bound to be storms along the way. But with solid risk management at your helm, those storms won't sink your ship; instead, they'll become mere ripples in your path to success!

My Personal Setup

This is my personal Mt4 based setup for binary options. Accuracy is above 90% and based on 4 indicators. Trades can be taken when the three indicators below simultaneously give put or call signals. This setup is best for busy professionals who don't have time to read charts and want to take trades based on signals. If you want this setup contact me here Telegram@trademystic.

Disclaimer - Trading involves significant risks, including the potential for substantial losses. It is not suitable for all investors. Past performance is not indicative of future results. The information provided here is for educational and informational purposes only and should not be construed as investment advice.