Trading strategy for binary options
You have to approach trading with lower expectations and follow real action on the charts to build knowledge. The ADX-based trading strategy is a simple intraday system, it is ideally used by day traders. The Bollinger bands and RSI strategy can be used as a simple way to enter a trade right before volatility expands. The simplicity of this trading strategy is that it can be used on time frames of H1 and H4. This makes the strategy easy to follow up, especially for day traders.
The trading strategy outlined offers a good system to trade. To be a successful forex trader, you need to be patient and wait for the right moment to enter a trade. Trading the breakouts is a very simple pattern, and traders can use it to profit on the forex markets. How to successfully trade at HighLow is what you are asking.
Most of you are struggling to maintain winning trades in a longer period, and this is mainly because you are focusing on indicators instead of analysing candlestick patterns. Of course, the outcome for everyone will be different, and it all depends on your skills, knowledge and experience. This is a simple IQ Option strategy based on two indicators: Bollinger Bands and EMA.
It works really well in our experience, but you need to be patient and follow the rules. After some months of trading and testing, we would like to share with you a 60 second strategy that can make you profits in a long run. It is a smart and profitable binary options strategy because it protects us from many false signals and generates very accurate call and put signals.
Awesome Oscillator inventor, Bill Williams defines the Awesome Oscillator as a better indicator of the driving forces in the stock and commodity markets, and even claims that a trader may successfully invest in futures and stocks by only using it.
These indicators, if used properly, do not only provide a high percentage of correct signals, but may be used as different market filters for each other. Trading 60 seconds could be profitable but you need learn analyzing the charts - read more how to profit with engulfing pattern formation.
I took a call option on the re-touch of 1. Basically the same trade as the previous one. Price was holding pretty well at 1. On a normal move, I would take a put option there, but momentum was strong on the 2: Several put options almost set up on the 1.
So my next trade was yet another call option down near where I had taken call options during my previous two trades. I felt this was a safer move as just half-a-pip can be crucial in determining whether a second trade is won or lost. Call option down at 1. However, the minute after this trade expired in-the-money, the market broke below 1. This trade was a put option at 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range.
I decided to take a put option at the touch of 1. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward. But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1. For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.
I did end up using the 1. I took a put option on the touch of the level. Once again, I used the current daily high of 1. But price busted through and this trade lost. Another fifteen minutes passed by before I was able to take another trade set-up.
This time, I used 1. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up. It turned out to be a winner. For put options at this point, I had an eye toward 1. So I decided to take a put option at the touch of 1. This trade turned out to be a nice four-pip winner. My final trade of the day was a call option back down at 1.