Non-standard indicators. Take more from Bitcoin!
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- Strategies
The Bitcoin continues to set historical highs. Financial experts say that $ 57K per BTC is not the limit and the growth will continue. It's time to think about how to make money on binary option cryptocurrencies.
All sites and courses on how to learn to trade binary options correctly with basic technical analysis indicators such as Moving Average. The trader needs to know the basics and put them into practice. Don't get too caught up in the "classic" - using the Trading View charts in the vfxAlert program, you will find many additional trading signals in real time.
Let's consider three strategies as an example of trading non-standard technical indicators from the TradingView platform.
General characteristics
Type: Trend.
Timeframe: Any in the range M1-M5. In our case, M1 is used, but with an increasing period of analysis, the accuracy of the signal an increasing.
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.
Percentage premium option: Not less than 70-75%.
All indicators with basic settings!
№1. No flat - just a trend!
Trading with the trend is the most profitable option on any asset. The main problem is to determine the moment of the beginning, and more importantly, its end. Additionally, you can trade «Stays Between/Goes Outside» range options during flat periods.
We determine the trend by the intersection of the MA Cross lines; the binary options trading signals of transition to flat will be the “striped” sections of the Chop Zone.
Binary options signals:
- CALL- option. The price above the Moving Average or “fast” MA crosses the “slow” one from the bottom up. Chop Zone is blue, confirms the uptrend.
- PUT- option. Opposite conditions: the price below two MA or "fast" crosses the "slow" from top to bottom. The Chop Zone is red on the last three bars of the histogram.
№2. Tick Volume + Momentum.
The market is always moved only by volumes, you need to look at their dynamics in any strategy for binary option. The VWMA indicator is a good combination of "Trending Moving Average + Tick Volumes". When volumes increase, VWMA reacts faster to price changes, slower when volumes decrease, it is better to stay out of the market.
The SMI Ergodic Indicator, in addition to determining overbought/oversold conditions using the Stochastic algorithm, takes into account the “Speed” of the trend or “Momentum”. This allows for better false signal filtering and VWMA delay compensation.
- CALL- option. The price is above the VWMA or breaks it from the bottom up. The SMI is rising to the overbought zone;
- PUT- option. Opposite conditions: the VWMA or breaks it from top to bottom or move lowers. The SMI turns down to the oversold zone.
№3. «AROON» indicator: strategy for the experienced.
According to the author, only "AROON" is enough for profitable trading, no other indicators are required. The indicator works according to the historical local max (for uptrend) and min (for downtrend). Despite the fairly reliable real binary options signals, additional confirmation will not be superfluous.
- CALL- option. Above, the orange line (Aroon Up) confirms the beginning or continuation of the uptrend. Moving up does not mean opening an option immediately. We are waiting for at least 2-3 bars on the trend;
- PUT- option. Opposite conditions: above, the blue line (Aroon Down) confirms the downtrend. The opening rules do not change.
During periods of high volatility, you can open trades at the intersection of lines. Not for newbies!
№4. What to do with AltCoins?
The answer is simple: trade the same way as on Bitcoin, the auto binary signals rules do not change. Let's see examples of LiteCoin and Ethereum:
As you can see, everything works perfectly; the main thing is to choose currencies from the TOP-20 by capitalization. Technical analysis is already working well here, there are speculative impulses, but they are short-lived, after which the trend usually recovers quickly.
Open a trade on the next candle after binary signals. The period of expiration of options has to be not less than 5-7 minutes, even if as a working timeframe it is chosen of a minute, as in our video.
Let`s summarize. Non-standard indicators are a good additional tool for making money on cryptocurrencies. The main thing is to take only top binary options signals, and make decisions yourself.