The binary options trading strategy is simple
This section is dedicated to binary option trading strategies that have been personally used by PrestigeBinary, favored among traders around the globe and proven to increase profitable winning trades. Because there are numerous amounts of trading strategies, we have selected our top favorites that are user-friendly and easy to follow, with High ITM In The Money success rates.
We will do our best to thoroughly explain each of our trading strategies in detail with step-by-step instructions on stetting up your trading charts.
Our set-up for trading strategies are very simple. Personally we prefer to use www. Plus the color-coded aspects of their tools make it very easy to read and distinguish moving average patterns, trends, price directions, and so on. As a reminder, if your new to trading binary options, we encourage you to test your skills with our trading strategies on a Demo Trading Account.
This will help you familiarize yourself with online trading and how it works, without risking real money. If your ready to invest and make profits, be sure you register yourself with a Reliable Broker with a solid reputation and great customer support.
What are Moving Averages?? The most common applications of MAs are to identify the trend direction and determine support and resistance levels. This Strategy can be used for any currency pair. If your looking for something simple and effective to implement, then you cant go wrong with our Powerful 10 Minute Strategy! As fellow traders in the industry, we personally understand many trading strategies can prove difficult to follow, especially if your new to trading binary options.
The period of 10 is set to display the average price of your asset over the past ten days. With the other period of 3, you are seeing the average price of the asset for the past three days. There are three different types of moving averages: Below is an illustrated example of how implementing this strategy would look.
You will notice our two moving averages set at periods of 10 blue line and 3 yellow line. Be sure to set your time frame on you chart at 10 Minutes for we will be placing trades expiring at minutes. So whenever our Yellow line crosses our Blue line, we place a trade in the direction the yellow line is heading. In other words, if yellow crosses blue in an upward direction, we place a CALL trade.
If yellow crosses blue in a downward direction, we place a PUT trade. Remember to place trades with expiry times no longer than 5 — 10 minutes. This binary options trading strategy has been formulated with novice traders in mind, but can also be used by traders from all experience levels. Bollinger Bands are used as a technical analysis indicator allowing us to measure currents price volatility for any underlying asset.
Our visual description below is an example of how your Bollinger Band set up should look like. In order to start using this popular binary options trading strategy, first you need to set the time frame of your chart to 5 minutes. You will need to set up two different moving averages; one set at Blue and the other set at Red.
There is no need to change these settings. Using the bollinger band strategy, you will need to identify three conditions: Identifying the overall trend of a select currency is found by looking at the positions of both Exponential Moving Averages EMA. By crossing the upper band, look for an engulfing Bearish candle.
If it crosses the lower band, look for an engulfing Bullish candle. Again, make sure the time frame on your chart is set to 5 minutes because this strategy involves making trades with expiry times of 30 minutes to 1 hour. We waited until the large red candle stick closed outside the lower bollinger band. After the engulfing candle closed we entered a CALL trade to expire in 30 minutes, at around 10 pips below the closing of previous engulfing candle.
As you can see, we are in the money after 30 minutes or even 1 hour. Sir iwant to invest in binaryoptionatm software. Hi Vamsi, We tested BinaryOptionnsATM a few months ago and were impressed with the results even though their website looks rather childish. Nevertheless I was happy with the results.
Even though you already have an account with Empireoption, youll still need to deposit the a broker recommended by the BinaryOptionsATM software in order to activate the software. Spent a couple of hours reading over and over about Trading Strategies. Until it became clear as to what to do. 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. 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.