Best simple binary option strategies
If you use M1, go […]. While we go haywire finding a reliable trading system, we tend to miss out on the obvious. Three indicators strategy ensures high potential profits as it produces exact entry signals confirmed by 3 indicators. Moreover, it can be used with all sorts of currency pairs.
This strategy that works is based on three most popular […]. How to setup the chart Timeframe: These are drawn automatically and we only need to pay attention when an arrow appears. This strategy is based on tracking pinbars candles which have their wick at least 2 times longer than the body.
This strategy is recommended for currency pairs, but it might as well work with other assets. With these indicators we can enter a trade at the beginning of it and then ride with it. How to setup the chart […]. You may have seen this indicator before as it is usually a part of more complex strategies.
This is a very thought out strategy which is among my favorites and it brought me lately interesting profits. Even though it is a more complicated strategy, trade openings are very comprehensible from the chart.
The aim of this pattern is to show that the price has moved higher, pulled back less than prior move higher, and will now likely continue higher. Figure 2 shows the ABC sell pattern. It is just flipped upside down. There is a high point, marked A, then a move lower, marked B, and then a pullback up marked C.
C cannot move all the way back to A. The sell pattern occurred right after the buy pattern, so it could have been used to capture profit on the way up and the way down. Figure 2 shows relatively large ABC buy and sell patterns.
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.