Tick chart binary options strategy
This is a very common question, frequenting popping up in the comment section of articles involving indicators, strategies or trading in general. In order to determine what time frame to watch on your chart, you must first assess how much time you actually have each to look at your charts. If you have a few hours during the day to dedicate to your charts, while major markets are open, then you have a few more choices.
This time frame will give you the most trade set-ups for the time you have. Trading requires well defined trading plan and strategies. So hopefully you have come up with or found a few strategies that you like. Likely these strategies are best applied to certain market conditions, certain times of day or to a certain time frame.
Some strategies are easily adjusted to almost any time frame, while others will only work under specific conditions. For example, there are strategies designed specifically for the few minutes surrounding when a market opens. Trying to apply such a technique during the middle of the day is likely to be a losing proposition. Analyze your strategies and determine what the best time frame is for those strategies.
Hopefully what you have time for section above and the time frame your strategy requires align. The sections above hopefully helped you narrow down what type of time frame you should be watching. Ultimately though there is no perfect time frame that will suit everyone. Set up your budget in a way that you can afford some losses in case of pullbacks. More experienced traders can perform this strategy on up to 3 brokers at the same time but if you are a beginner I would recommend you to use only 1 broker.
Three brokers will multiply your winnings by 3 but it might multiply and losses so be cautious. As you see on the chart a 19 min downtrend which started at 2: I entered the market on the third red candle and performed 13 successful trades and 4 unsuccessful.
Two hours later a very nice uptrend came which lasted for 20 min with only 3 pullbacks. So I entered it on the third candle and performed 15 trades in the money and 4 out of the money. You have to remember that any good trend needs a good pullback. If you finish out of the money times in a row just stop trading and wait for a better trend.
I would recommend you first to try this strategy on a demo account. Skip to main content. Follow the trends on one minute charts. Strategy review What we are looking for is to catch a trend no matter if it is an upward or a downward one. How does it work? How to perform this strategy?