Binary Options ‘3’ Strategy That Works
While we go haywire finding a reliable trading system, we tend to miss out on the obvious. Three indicators strategy ensures high potential profits as it produces exact entry signals confirmed by 3 indicators. Moreover, it can be used with all sorts of currency pairs. This strategy that works is based on three most popular indicators; Relative Strength Index, Simple Moving Average and Full Stochastic Oscillator. You can think of trading binary options on much higher level when you’ve integrated these indicators.
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However, there is no denial of the fact that every trader comes across a situation in which one indicator that is used by almost all the traders, sometimes show inaccurate signals. So, using additional indicators will help in filtering out the false signals. Read on to learn about the three different indicators that just work mentioned above.
Relative Strength Index
The so called ‘RSI’ focuses on the price direction, unlike the ones that mostly look at the overbought or oversold price. In this binary options trading strategy the RSI level 50 decides whether the trend is bearish or bullish. If the RSI is more than 50, then a rise in the price is expected.
However, call option buying will occur if the RSI value is more than 50, but lesser than 70. On the contrary, buying put options is suggested if the RSI value falls somewhere between 30 and 50.
Stochastic Indicator Signals
Not only is it very well known for oscillation, but also for its technical analysis capabilities. The direction of the oscillator coincides with the price movement direction. You need to find stochastic between 20 and 80 as this will let you know about the present overbought or oversold asset.
Different strategies developed at the intersection of Moving Average with so many different periods shows the right moment during which the market has taken an unambiguous direction, whereas the traders have decided to either purchase or sell an asset.
Combining all these will result in a great strategy!
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