Binary option strategy that are profitable
In my opinion, the combination of fundamentals and price action is the best way to approach short-term trading. It is also important traders lower their expectations. To best perform the strategy, you need the MT4 platform and a binary broker that offers you fixed 5-minute expiries.
Trading the daily breakouts is a widely used concept in forex trading, and of course, many are trying to implement it into binary trading as well. By drawing key support and resistance levels on the chart, you look for breakouts to open a short or long position.
If you are trading daily binary options, it might work the same way but not if you trade short term. For trading 5-minute or minute binary options, you need to approach the charts differently to identify the most recent highs and lows. Therefore, we need the custom indicator Support and Resistance Barry in combination with the Value Chart. Placing 5-minute trades is probably one of the most popular trading styles, together with second trading.
To set up their strategy, most traders uses the Meta Trader 4 platform as it offers 5-minute timeframes and allows for custom indicators. The best time to perform the strategy is during strong trends as we want to trade with the trend and not the countertrend.
Using 21 EMA helps you visualise the current trend and place your trades accordingly. It is also important to check the economic calendar to spot major events that can move the price in one direction on another. Thus, you can spot a strong move before the close of a 5-minute candle on the MT4. You can place your trade at the close of a candle or 1 minute before the close. To trade a Call signal, we look for up trends and breaks in the resistance.
In our example, you see a strong bullish candle breaking the resistance, and at the close of that candle, you can place a 5-min Call trade. We get a Put signal when the price is moving in a downtrend and breaks the most recent support level.
You can enter your Put trade at the opening of the new 5-minute candle. You have to approach trading with lower expectations and follow real action on the charts to build knowledge. 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.
Pinocchio can be easily implemented in your daily strategy without knowledge of fundamental analysis, you can use it for commodity futures, stocks and Forex trading. It is an advanced strategy which involves mathematical cognition and experience in the financial markets. If you are new to binary option better try it first on a demo account.
This method of trading is described first by Linda Raschke. It is important to identify the graphical model on the chart correctly.
If the trader makes a mistake, it can lead to the fact that it will suffer losses.