Awesome MACD: simple binary option profit
- VFX Blog
- Strategies
For profit on binary options, you do not need very complex strategies. 2-3 proven technical instruments are enough, such as the Awesome Oscillator and MACD indicatory on the QUOTEX broker.
Awesome MACD trading strategy characteristics:
Type: Trend reversal or rollback
Timeframe: All
Trading asset: Any currency pairs. The main requirement is a fixed (2-3 points) spread and no hidden fees.
Trading time: All Forex trading sessions.
Recommended expiration: From 5 minutes
Trading setting
- Indicators are always delaying. Especially the Moving Average on which MACD strategy and Awesome work. Their combination reduces the delay, but it remains
- If the volatility is high, there a series of 2-3 losing options in a row, you need to move large time frame. Than the delay factor will be less, even on 5-7 candle.
- Change settings on only two indicators. If you change only one oscillator, there will be many false signals.
- Look at the economic calendar. Do not open trades during +/- 30 minutes of publication important news and statistics. Even the best MACD trading strategy stops working on the news.
- Binary profit is always less than the amount of deals. To compensate for a possible loss, you need two consecutive profitable trades. If the first next deal covers most of the loss, there is a total profit, you can end the trade.
Summarize.
Binary options strategy on combination of two oscillators is good tool for confirming a trend reversal and the beginning/ending of pullbacks on any timeframe and trading asset.
Additional tools are not required, but you can add Moving Average crossover or channel indicator to trade reversals from the channel borders.
The main thing is not to forget about money management and open option only all the conditions of the strategy are met.