Best simple binary options strategy
This strategy is useful for beginners as well as more experienced traders. Beginners can run the strategy automatically until they understand it better and then apply some of the more complex principles.
Start off by adding: Two exponential moving averages: You can also add on 21 but not essential […]. This strategy works well with with M15 timeframe and the trades which are opened for 60 minutes in direction of longterm trend or for 30 minutes against the trend. How to setup the […]. The SuperSignal strategy for binary trading is, according to our opinion and experience, one of the best low timeframe strategies.
It should be profitable if all indicators were used and money management rules obeyed. Beware of the occasional occurrence of false signals and open trades at your discretion. How to set up the chart Timeframe: If you look closely you will also see some smaller ABC patterns on the chart.
An entry occurs as soon as we can reasonably assume C is in place and the price is now moving in the anticipated direction. At the very latest we can enter near point B. Figure 3 is the same ABC buy pattern shown in the previous chart s , but here it is shown on a 5 minute time frame. The area for trade entry is marked with a white box.
The closer the entry to C, the more chance of entering prematurely while the price is still dropping. Yet, the potential reward is greater and risk smaller.
Entering closer to B makes it much more likely the price is moving favorably in your direction, but the risk is slightly larger and profit potentially smaller some of the move has already been missed.
Reading Trading the Mini-Channel Breakout may help isolate entry points when the pullback takes the form a small channel. For a buy pattern the stop is placed just below point C. For a sell pattern the stop is placed just above C. Targets are based on a couple different methods. My preferred method is simply make my profit target 1. So if the stop is 10 pips, I am looking to make 16 pips. If the price is moving aggressively toward the target is will move it a bit further in order to catch a few more pips.
But usually I just take the profit and then look for another setup. Many traders also like to use a Fibonacci Extension tool for exits. It can be applied to any price swing and help indicate where the market is going.