ZENITH TRADING STRATEGY FOR BINARY OPTIONS No one, not even the most experienced trader, is insured against losing money but to reduce the likelihood of such an outcome, it is important to adhere strictly to a proven strategy, follow the rules of money management and seriously approach the choice of broker. Saqib Iqbal Author 5 min read Published: November 20, 2018 Updated: November 16, 2022 Views: 196Content Terms of the trading algorithm Conditions for trading a falling price Conditions for trading a rising price Practical exampleThese recommendations concern not only the forex market: binary options trading, for all its visual simplicity, also requires compliance with these critical recommendations. Otherwise, the probability of loss increases significantly.In this article, we offer you a simple and affordable strategy for trading binary options – Zenith. With the exact observance of all the conditions listed in it, you can get a good profit after 10 minutes. Zenith is an indicator trading tactic based on two popular technical analysis tools, namely, the Stochastic indicator and the Envelope with a certain setting.Terms of the trading algorithm Trading this strategy can involve binary contracts for any asset, but mostly currency pairs. Trade is conducted on a three-minute chart.The duration of transactions can vary from 9 to 12 minutes, that is 3 to 4 candles. The trader will need 2 indicators, configured as follows:♣ Stochastic – with settings 5,3,3♣ Envelope – with a deviation of 0.1To understand trading with this strategy, it is best to use the advanced charts, access to which is provided to all clients of the FiNMAX broker. Some traders may ask, “Why can’t the trading platform tools be used for this purpose?”The answer is simple: rather than overloading the site with superfluous information, the broker has installed only the most popular indicators on it, but on the advanced charts there is a large arsenal of additional technical tools, including those necessary for the implementation of the Zenith strategy.So, we open the advanced charts and install the tools we need there, after which the chart takes the following form:As you can see, the Envelope indicator is plotted on the price chart, and the Stochastic is displayed in its lower part. Now it is necessary to change the standard settings of these indicators to those specified in the strategy. Initially, we indicate the deviation of the envelope.Then adjust the stochastic settings. The schedule is ready to work, now you need to wait for the moment when the conditions for entering the market appear.Further reading The Most Popular Trading Assets For Binary Options Learn to Use the Economic Calendar: Binary Options Trading Is Quotex a scam? Read this before trying the broker in 2023 Free Online Interactive Binary Options Charts and Why You Should Use Them Investors take Forex platform ROFX and its founders to court Cryptocurrency trading and binary optionsConditions for trading a falling price You can buy a put option when the following conditions match on the extended chart:♣ The price chart goes beyond the upper limits of the Envelope indicator♣ Stochastic curves rise above 80, enter overbought areas, and intersectThe appearance of such signals suggests that soon the uptrend will decline, and therefore, it’s time to trade for a fall in price. Visually, these conditions will look like this:Further reading How long to learn binary options trading in 2023? Top Five Richest and Most Influential Traders Today Review of the OctaFX Forex and CFD Broker How Long Does It Take To Get One Bitcoin? Convert Satoshi To BTC Bitcoin | 100% Free Online Tool CXMARKETS BROKER REVIEW 2023: COST AND BENEFITSConditions for trading a rising price You can buy a call option in the opposite situation when the following conditions coincide on the extended chart:♣ The price chart goes beyond the lower limits of the Envelope indicator♣ Stochastic curves fall below 20, enter oversold areas, and intersectThe appearance of such signals suggests that in a short time the falling trend will reverse, which means it is time to open a trade on the price rising. Visually, these conditions will look like this:Further reading Top Binary Options Brokers Reviewed in 2023 FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX What Is AdvCash Or An Off-shore Payment Card Alternative 10TRADEFX REVIEW 2023: IS IT WORTH IT? Pocket Option review 2023: pros & cons Cryptocurrency trading and binary optionsPractical example To make sure that the Zenith strategy works and that you can use it to profit when trading in binary options, let us show an example of a deal on the FiNMAX trading platform.To begin, open the advanced charts. As a base asset, choose the EUR/JPY currency pair and set a three-minute time frame. Next, we wait for the appearance on the chart of the necessary conditions for opening a trade.The first is a signal that the price will soon go down, namely the price has gone beyond the upper limits of the Envelope indicator, and the Stochastic curves have broken through level 80 and have crossed each other. As soon as this signal appears, you should immediately switch to the trading platform and choose the EUR/JPY currency pair from the list of underlying assets.Following the terms of the strategy, we set the expiration time of the option at 4 candles, that is 12 minutes, invest 40 cu in the transaction, and press the “Down” button, assuming that at the time of execution of the contract the price of the asset will be below the current value.Click on “Buy” and wait for 12 minutes to pass. If the forecast is correct, the profit will be 71% of the original amount. After expiration, the price really fell, so the deal closed “in the money,” that is, in favor of the trader. As you can see, the net profit after just 12 minutes was over $68.It should be noted that Zenith strategy signals do not appear often but each of them is very accurate and guaranteed to be profitable. If you want to test the effectiveness of this strategy in practice, open an account with a FiNMAX broker; he has all the necessary tools to help you successfully trade binary options.General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.Further reading Volume Based Trading Techniques (Volume Indicators) How Сan Binary Options Brokers Cheat You? What is Forex? Unknown Facts & Figures (The Ultimate Guide) Free Online Interactive Binary Options Charts and Why You Should Use Them Intrade.Bar Review: Is this Forex Broker Worth The Squeeze for Binary Options? OptionClub review 2023: should you sign up?