Auto trade: take profit from the trend
- VFX Blog
Binary options on the current trend will always be the most profitable strategy on any asset. You can trade manually, but it's better to use auto trade from vfxAlert.
Connect to auto trade
Auto trade only works for PRO Ultimate accounts! The next step is connecting to QUOTEX broker.
Options will be opened without the participation of the trader, so for testing select demo account.
Trend (MA) signal from vfxAlert
The signal vfxAlert is determined in two steps. The first one determines the direction of the current trend. The classic strategy of crossing Fast and Slow Average is used:
On the second, we are looking for the conditions for opening an option according to the trend. The strongest signal will be the crossing of the Moving Average. You can open an option at the very beginning a new trend.
The next option is signals for the continuation of the trend. They give good results on expiration from 5 minutes.
The third option is a Fast reversal to a Slow Average or a breakdown of two Averages by one candle. The Fast Average reversal may be a leading signal of the start of a new trend before confirmation from the Average intersection.
The breakdown of two Moving Averages indicates both a reversal and a continuation of the trend. We look at the situation on the price chart.
Read more about Moving Average indicator in vfxAlert blog.
Auto option settings
The first step is to create a new trading preset with the following settings:
Disable minute signals and “weak” POWER values. Otherwise, you will get "auto scalping" instead of "auto trade" with false signals from the Moving Average and a quick loss of the deposit.
After the preset, go to the auto trade settings:
To confirm the vfxAlert signal, select the Trends indicator in the auto trade settings. For the M1 timeframe, past data on the Moving Average and Parabolic SAR are not used, this is another argument against minute signals. Read more blog about Trends.
Indicator settings for CALL and PUT option. For auto trade, always take only strong signals.
Auto option for 5 or 15 minutes opens only when the direction (up or down) of the vfxAlert and Trends signals is the same.
Auto trade example
An example from the video. The Moving Average on the chart shows why vfxAlert gave trend signal. In real trading they are not needed.
- UP option. Fast MA above Slow MA and big candle rebound from the support level (Slow MA) – continuation of the uptrend on EUR/GBP. Confirmation from Trends, auto trade opens an option.