Best 1 minute binary trading strategy
To best perform the strategy, you need the MT4 platform and a binary broker that offers you fixed 5-minute expiries. Trading the daily breakouts is a widely used concept in forex trading, and of course, many are trying to implement it into binary trading as well. By drawing key support and resistance levels on the chart, you look for breakouts to open a short or long position. If you are trading daily binary options, it might work the same way but not if you trade short term.
For trading 5-minute or minute binary options, you need to approach the charts differently to identify the most recent highs and lows. Therefore, we need the custom indicator Support and Resistance Barry in combination with the Value Chart. Placing 5-minute trades is probably one of the most popular trading styles, together with second trading. To set up their strategy, most traders uses the Meta Trader 4 platform as it offers 5-minute timeframes and allows for custom indicators. The best time to perform the strategy is during strong trends as we want to trade with the trend and not the countertrend.
Using 21 EMA helps you visualise the current trend and place your trades accordingly. It is also important to check the economic calendar to spot major events that can move the price in one direction on another.
Thus, you can spot a strong move before the close of a 5-minute candle on the MT4. You can place your trade at the close of a candle or 1 minute before the close. Careful approach is required for money management. Similarly, one needs to have the ability to identify the potential trading opportunities at the right moment. With clear trading plan and appropriate market conditions, you can utilize 60 Seconds effectively, whereby making substantial profits within a small period.
Any Forex trader might tell 60 Seconds binary options as a sheer gambling. As a matter of fact, it is, but only when you have no clue of what you are doing. Simply knowing that a strong strategy together with money management can fetch you profits will not be enough. Instead you should understand the logic behind the strategy.
However, you should equally have experience in price action. You are recommended to trade for a few months till you get into the veins of the price movement and the other indicators. The SuperSignal strategy for binary trading is, according to our opinion and experience, one of the best low timeframe strategies.
It should be profitable if all indicators were used and money management rules obeyed. This system on reflection appears suitable for binary option trading as well. The system is based on an average directional movement index ADX […]. This strategy is useful for beginners as well as more experienced traders. Beginners can run the strategy automatically until they understand it better and then apply some of the more complex principles. Start off by adding: Two exponential moving averages: You can also add on 21 but not essential […].