Binary options are attracting more attention from traders accustomed to the forex market. This instrument indeed has its own advantages. Therefore, let’s examine the Six Second Trades indicator, which is designed for trading 60-second options.
Recall that the 60-second option appeared relatively recently, with the contract expiration lasting just one minute. Profit is limited to 100%, and there’s no need for deep analysis—just predict the movement of a single minute candle.
Most option brokers provide web platforms where conducting analysis is extremely difficult. Therefore, we suggest analyzing the instrument in the familiar MetaTrader 4 and then transferring your trades to the broker. Most companies offer a wide list of assets, including binary options on currency pairs, so you can simply analyze EURUSD.
Install the Six Second Trades indicator on EUR/USD on the 1-minute chart and wait for a signal. Essentially, it’s a standard signal indicator that shows what to do: buy or sell. The algorithm is closed, but it likely uses standard trading indicators like moving averages. Experts at ForTraders.org also note that the 60-second binary options indicator issues a signal during the current bar based on the previous one, meaning its effectiveness should be evaluated on the next bar, which somewhat complicates perception.
Индикатор бинарных опционов “60 секунд”
In any case, when you see a red dot appear, it’s a signal to place a Put trade; if green, a Call trade. It’s hard to mix them up.
Download Six Second Trades indicator
