New vfxAlert: follow the market with "Trends" indicator
- VFX Blog
- For beginners
Trend trading remains the best option to make money on binary options. Trading will be more reliable when a trend in one direction is visible on multiple timeframes. The "Trends" indicator of the vfxAlert program will help you quickly assess the situation and find the moment for an option.
There are three types of trend:
- Uptrend or «bullish». Each next price maximum (top) and minimum (trough) is higher than the previous one.
- Downtrend or «bearish». Each next max/min is lower than the previous one.
- Sideways. The max/min is approximately at the same level. You can open binary options only on a wide flat, when the distance between trend lines is from 3-4 candles of the working timeframe. You can open deals such as "Boundary Out/In", "Stays Between/Goes Outside".
The method of determining the trend three max/min is considered classic, and is present in all learn binary option for newbie’s. There is a problem: when the third max/min appears, most of the movement is passed, a U-turn or flat is close. You can make a mistake with expiration even on long timeframes! There is a problem: when the third max/min appears, most of the movement is passed, a nearby or flat is close. You can make a mistake with expiration even on long timeframes!
On M1, the price goes through 20-30 points without the appearance of a new extreme, when you can open several profitable options with 3-5 minutes. If you trade on the "classic" skipped good entry points, you need a different trend exact binary option strategy.
«Trends» uses the results of the last 20 completed signals for each timeframe. If there are more profitable CALL-options then PUT goes uptrend, the opposite situation is downtrend. If the number of profits is with 50/50 - flat market.
What does «Trend Power»?
"Trends "similar to the signals of vfxAlert displays the value of balance between CALL/PUT profit is shifted. There is a feature here that must be taken into account when planning the next binary option.