Alternatives for trading binary options forum18 comments
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This 60 seconds strategy is based on up and down price trends which can be followed by binary options traders using one minute charts. It is a very profitable and proven strategy but it requires charts experience, fast thinking and account at a binary broker which offers 60 seconds trading.
To use this strategy you will need tools such as time chart and tick chart which are both a type of candlestick charts. Binary brokers do not offer them so you will have to use other sources which provide charts.
What we are looking for is to catch a trend no matter if it is an upward or a downward one. I am using one minute chart and tick chart where one candle represents trades on the pair. Basically when you have 2 candles from the same color confirmed with orders you can give a shot. If you win, just continue to buy options in the same direction till you lose. When you have lost wait to see if it is just a pullback after which the trend will continue in the same direction. Usually trends continue 5 to 10 min but if you are lucky it might last even 20 min.
That means if there are for example 3 pullbacks on a 20 min trend — 17 successful trades. If after a pullback you lose again just stop and wait for a better trend. When an uptrend starts you have to buy 60 seconds Call options and if a downtrend starts buy 60 seconds Put options. Set up your budget in a way that you can afford some losses in case of pullbacks.
More experienced traders can perform this strategy on up to 3 brokers at the same time but if you are a beginner I would recommend you to use only 1 broker. Three brokers will multiply your winnings by 3 but it might multiply and losses so be cautious. As you see on the chart a 19 min downtrend which started at 2: I entered the market on the third red candle and performed 13 successful trades and 4 unsuccessful.
Two hours later a very nice uptrend came which lasted for 20 min with only 3 pullbacks. So I entered it on the third candle and performed 15 trades in the money and 4 out of the money. You have to remember that any good trend needs a good pullback.
If you finish out of the money times in a row just stop trading and wait for a better trend. I would recommend you first to try this strategy on a demo account. Skip to main content. Follow the trends on one minute charts. Strategy review What we are looking for is to catch a trend no matter if it is an upward or a downward one.
How does it work? How to perform this strategy? Examples Downtrend As you see on the chart a 19 min downtrend which started at 2: Fri, 17 Feb