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Download and install Add- on for Binary Options. It searches all the currency pairs for its users at all time frames which specially helps the beginners to make their traders feasibly. Check out this article from 99 Bitcoins. This strategy is very newbie friendly because it only uses 2 simple but powerful indicators that are easy to understand!
It is a good start for beginners who want a strategy to comprehend and evolve with. Set your time frame to M We use SMA 50 for identification of the trend: Candlesticks should be above the SMA 50 for the trend to be considered an uptrend. Candlesticks should be below the SMA 50 for the trend to be considered a downtrend. Add Stochastic Oscillator, standard settings 5, 3, 3 and levels 80 and Price is oversold when Stochastic is near or at Price is overbought when Stochastic is near or at Look for locations where candlesticks come down and touch the SMA 50 and confirm that Stochastic is oversold at the same time on the M15 time frame.
Look for locations where candlesticks come up and touch the SMA 50 and confirm that Stochastic is overbought at the same time on the M15 time frame. Also let me know how it works for you! Don't forget to watch the video. Thanks Okane for a nice simple strategy. I particularly like it because it's an easy one to set alerts for I use TOS so as not to miss a potential set-up.
Yes, simplicity can be profitable! I see too many beginners overwhelming themselves with loads of indicators I dont think your video is working. It keeps saying an error occurred. The embed option wasn't working - I had to click on "watch on YouTube" to view it. It's now been changed to a simple link so if you click on that it works. My first trade with this strategy and I thought I'd post a screenshot even though it was a well-deserved loser - I knew I shouldn't have taken it but this was my first alert for the strategy and I thought I'd risk it.
However, it continued downwards for the 30 mins of my trade and lost. I'm quite pleased in a way because in future I'll stick to the rules - winning may have given me a false sense of security! The white lines are where I entered the trade and where it closed. I don't know how well this strategy works with assets other than currency pairs. Maybe it'll work on other assets too but you have to test and find out.
Today might have been difficult due to all the news coming out for USD. Have to take fundamentals into consideration too.
Just to clarify - you wouldn't have taken that trade even on one of your preferred currency pairs if the chart looked the same as the one above - correct? I'm testing the strategy on a mixture of 30 currency pairs and assets because one could go for days without a trade on just the pairs you mention.
Well, I only know that the strategy should work on currency pairs, because I have seen it work. Wow, I advise against overwhelming yourself with too many pairs. I usually focus on one asset only because it helps me learning and recognizing its patterns and habits. Thanks very much for confirming what I thought.