I've been trading binary options for a while and have been doing relatively fine, generally I do 100% of my account in a month.
In those years I realized what is important is to have a great understanding of Fundamental analysis, afterwards Technical analysis.
I'm operating on 15 minutes expiry generally on 15 minutes TF.
I realized how that TF is good but not the best, here's why.
There's a lack of candle in the day and few high probability opportunities, you generally have to stare alot at the charts, waiting for that opportunity.
I'm lucky if I do 2-3 trades HPT in a day
Furthermore, you are open to fundamental factors, such as calendar news and micro fundamental events.
Because let's face it, the secret of success in binary options is Honest Broker + High Probability strategy + Right Psychology+ Good Number of opportunities
Opportunities come from the number of assets that you backtest and monitor.
They also come from the number of candles that you have available everyday.
The most successful traders I've seen, the ones that are doing 75%-80% winning rate with 5-10 trades a day, are all trading lower TF.
But the most unsuccessful ones I've seen, are also the ones that trade low TF, because I believe there is a risk associated with lower TF (broker execution, trader execution etc)
My mission now is to create a simple to use system on a lower TF expiry, that has around 70% ITM rate on the long term, with the lowest possible streak of OTMs (no more than a series of 4) and with plenty of High Probability opportunities (I'm aiming for around 20 HPopportunities from London session until the close of the NY session)
I will provide everything, compatible broker, assets, indicators etc, even if yo aure a total newbie you will be able to follow this
Still working on it, I might post my 15 min strategy soon as well