When we think about trading strategies that are used on the binary options market, we understand that there is a kind of trend exist. The more complex the rules of a trading strategy, the less you earn (if at all) using it. The same time, very often the simplest strategy for binary options will allow you to “raise” about 50 to 100% of your account balance in one trading week. And the topic of today’s article will be the very simple, yet also one of the best strategy for binary options, the “Super-Bollinger.”
The rules of the strategy “Super-Bollinger”
Before we describe of the rules of the trading system, we’d like to note one feature of trading on the “Super-Bollinger” strategy. There is a broker who has the technical indicators necessary for trading on this strategy on their trading platform. Replacing them with indicators from live quote services won’t work, because the quote time frames of the broker’s platform and the service will not coincide with each other (with the broker, 1 candle is equal to 5 seconds, and on the live quotes service, 1 candle equals 1 minute).
Today, there are very few brokers that have technical indicators in their trading terminals. And this could be a problem that prevents binary options traders from earning money. We can propose here the Binomo, whose platform has the technical indicators that can be used to build the “Super-Bollinger” strategy. Also you can use it with IQ Option platform.
Indicator settings for the strategy
So, the “Super-Bollinger” method of trading binary options works on the basis of 2 indicators of the Bollinger Bands and the Moving Average. Both of these indicators can be seen on the chart below. We apply them to the quotes as follows:
- Put the Bollinger Bands with their default settings.
- Set the Moving Average with a period of 1 and the weighted method.
Trading rules for the simple strategy for binary options, the “Super-Bollinger”
So, when the two indicators mentioned above are on your quote chart, wait until the moment when the following happens:
- Asset quotes along with the Moving Average extend beyond the upper boundary of the Bollinger Bands, and then return back into the channel and the quote candlestick closes in a decline (the red candle). In this case, we immediately buy an option on a reduction of the asset price (PUT option):
- Asset quotes along with the Moving Average extend beyond the lower boundary of the Bollinger Bands. And then return back into the channel and the quote candlestick closes in an increase (the green candle). In this case, we immediately buy a CALL option for this asset:
And, the most important thing we want to bring to your attention – this simple strategy for binary options allows you to enter into transactions that almost always close with a profit. According to a test, 7 out of 10 transactions closed with a profit. That is about a 50-100% increase in your trading account in just 1 week!
You must agree that this simple strategy for binary options and its excellent results will help a novice to start trading quickly and earn really well!
The best strategy for binary options – “additional conditions”
We use expiry terms of around 1 minute. You can trade at any time of the day. Risk management – 2% of your account on 1 transaction. That is, with a balance of $100, the size of the transaction cannot exceed $2.