Binary options strategies and systems
To identify the trend, I am using an EAM indicator. Some of you may prefer using two periods and waiting for crossings. You can also put Fibonacci levels into action to spot retracements. In trending markets, you are buying with the trend: In fact, usually prices are ranging, and if you want to use the strategy during all trading sessions, you need to learn how to trade in a ranging environment.
For beginners, it might seem more confusing with the price constantly moving up and down, but like in every other process, it takes practice. In ranging markets, the price bounces between the support and resistance levels.
Your aim is to place trades when the price is in the overbought and oversold zones. I have used many different indicators, including alarms and arrows popping all over the chart, and the truth is that if you focus on the indicators only, you will be lost. You should focus on the price action and learn to identify retracements, then you have a better chance to be on the winning side. It is not necessary to follow my signals precisely.
You can remove indicators, or add new ones; simply make your own strategy, and make it work for you. Of course, the outcome for everyone will be different, and it all depends on your skills, knowledge and experience.
Knowing the nature of binary traders, I would suggest you start paying attention to the news because, for every trend, there is a reason behind it. Please feel free to share your results with this strategy in the comments below. Should you have any suggestions how to improve the strategy, we are happy to discuss them. You can download free indicators and template.
Skip to main content. You can try the strategy first on a demo account, and post your results in the comments below. Trending markets As I mentioned, I prefer using the strategy in trending markets and placing trades on retracements. One of the detriments of this system is the length of time to wait before being able to trade, up to 2 days or more to check if the trend is stable before trading.
There is also no guarantee that even after the wait you are not entering just before a retracement. This strategy does ignore the trends to a degree, but you should ensure that you only trade with the trends and not against them to avoid losses.
This strategy is easy to understand and use by anyone and it is easy to follow and remember the rules. Trading with the trend when using this strategy means you can get some good signals in the trend direction due to the SMA which is a trend identifying indicator.
The RSI helps you confirm the information you need to trade. It is important when trading to try and keep things as simple and uncomplicated as possible.
If you add in resistance and support lines you can improve the system and help you find your way to more profitable trades and fewer losses.
Or look at adding in a Stochastic Oscillator to help find the resistance and support areas easier. Having to wait for days to obtain a signal with this strategy may be off-putting to some traders, but there are ways to use this strategy for lower expires. When trading on less than 4 hour expires, waiting for moves of 10 pips or more can be a problem before entering so you might not want to wait that long. Your email address will not be published.