Sanefx binary option trading system methods four proven46 comments
Forex uk exchange rates
Why Trade this System? One of the main reasons we chose the EURUSD as the underlying asset of choice to trade this system is because it is the currency pair that is traded the most in the forex market. This ensures that as a binary options instrument, it is available for trading all day long and will have good liquidity, enabling you to get good pricing.
You will not have to buy costly bets that will have a greater risk than reward. If you are starting out in binary options trading , this is a great way to start your trading career. Most binary options brokers do not provide charts for use in trading analysis, so you have to get the charts yourself.
Since the underlying instrument is a forex instrument, you can easily get a chart by downloading an MT4 platform from any of the popular forex brokers like forex. The strategy in question is to be implemented on a minute chart, and the strategy will make use of the following indicators:.
We also wait for the MACD lines to cross from negative to positive. We also wait for the MACD lines to cross from positive to negative. Once you have got a confirmation of the signals, the next step is to choose the binary option trade of your choice. Make sure you identify the resistance points and keep your strike price below the resistance so you can be sure the price action will actually touch the price barrier you have set. In this instance, you can set your price barrier well below the nearest resistance so the price action has no chance whatsoever of touching your price barrier.
Repeat the same trade sequence in reverse fashion if your signal indicates a bearish outcome. Whichever trade you decide to take, you should at least have 4 different trade options to benefit from:. Setting Up the System: This is a momentum indicator that shows the strength of the signal. This is a trend signal. Here are the trade rules for this strategy.
Whichever trade you decide to take, you should at least have 4 different trade options to benefit from: Touch — Price barrier between market price and nearest resistance. No Touch — Price barrier below the nearest support. Touch — Price barrier between market price and nearest support. No Touch — Price barrier above nearest resistance.