Introduction

The WOODIES binary options trading strategy generates signals based on Moving Average and Woodies CCI with 65% to 75% win rate. This strategy is designed to work with 10min expiry time, although you may use other expiry times as well. To do so, switch the asset chart to the desirable time frame and select the option expiry time accordingly.

Key Features

Difficulty Level 50%
Expiry Time 10min
Strategy Type Indicators
Win Rate 65%-75%
Key Tools Woodies CCI,
Moving Average

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1 Open an Account to Start Using This Strategy

2 Set up Your Chart

Open Tradingview.com to start trading with the Woodies Strategy.


Open Tradingview.com >

Select the asset you want to trade.

Switch to 1 minute time frame.

3 Apply the Indicators to Your Chart

Add the following technical indicators:

Woodies CCI

Two MA's

A 7-period MA

A 9-period MA

4 Get Trading Signals

CALL Signal

  1. On the Woodies chart, the histogram goes above 0
  2. The MA's cross bottom up

Once you've got these signals, wait for the current candle to close and buy a CALL option.

PUT Signal

  1. On the Woodies chart, the histogram goes below 0
  2. The MA's cross from top to bottom

Once you've got these signals, wait for the current candle to close and buy a PUT option.

5 Select Assets, Options, and Expiry Times

This strategy works well with volatile instruments, such as Forex currency pairs. Trade regular binary options. with 15-minute expiry times.

Money Management Rules

As a binary options trader, you should always keep the risks in mind. This is why your investment amount should not exceed 2% of your account balance. Despite all our strategies being quite effective (around 65%-75% win rate), you should still stick to that 2% rule. To comply with this rule, however, you need to have an appropriate account balance, which should be at least 50 times bigger than the minimum investment amount allowed by the broker. To minimize your risks, you may want to check out our Binary Options Trading Risk Management article.

More on Risk Management