This binary options trading strategy allows you to enter the market as accurately as possible in the correct direction. If you wish, you can improve the strategy by choosing other criteria – experimenting is always allowed. For example, in addition, you can use Fibonacci levels to determine the last fluctuations. Thus, you will be able to determine the entry point more precisely and avoid even a small pullback.
Tools and Requirements for the Binary Options Trading Strategy ‘Precise Entry’:
- We trade only on the daily chart
- You can use any binary options forex currency pair for trading
- Simple moving average SMA with a period of 150
- Stochastic oscillator (6, 3, 3) with horizontal lines at 70 and 30
- RSI indicator with a period of 3 and horizontal lines at 80/20
Rules for Entering the Market:
In an uptrend – if the price is above the moving average SMA (150), wait for the RSI to cross below the 20 level from above and wait for the third confirming signal – the crossing of the stochastic lines. Both lines must be below the 30 level. Only if all conditions are met, purchase a ‘Call’ option for buying at the start of the next hour. The option can be taken for a longer time.
In a downtrend, when the price is below the moving average SMA (150), we expect the RSI to cross above the 80 level from below. Then we look at the stochastic; if the lines cross while both are above the 70 level, we buy a short-term ‘Put’ option for selling.
Example of a purchase in an uptrend:
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“excerpt”: “This binary options trading strategy allows accurate market entry in the right direction.”,
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FAQ
What is the ‘Precise Entry’ binary options strategy?
The ‘Precise Entry’ binary options strategy allows traders to enter the market accurately in the correct direction using specific indicators and conditions.
What tools are needed for this strategy?
The strategy requires a daily chart, a simple moving average (SMA) with a period of 150, a Stochastic oscillator (6, 3, 3), and an RSI indicator with periods of 3 and horizontal lines at 80/20.
How do you enter a trade in an uptrend using this strategy?
In an uptrend, when the price is above the SMA (150), wait for the RSI to cross below the 20 level from above and then confirm with the Stochastic oscillator’s crossing of its lines, which should be below 30 before entering a ‘Call’ option.
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