Super indicator for binary options
What am I talking about…. Bollinger Bands are all about volatility. Volatility is the movement of the market. Trading is about catching market movements in order to profit. It only makes sense that an indicator that measures volatility would be a good tool for traders. There are lots of such tools, and many ways in which to utilize them but Bollinger Bands are by far the best methods for day traders. Short term binaries are all about catching short term movements.
The thing is, when you enter a binary options contract you are not necessarily getting in at precisely the spot price at time of purchase. This is because all the brokers include a small amount of slippage into each strike in order to help them maintain acceptable losses.
This is not a scam, just the cost of trading and something explained in every brokers terms and conditions I have ever read. This is why trading 60 second options and other super short expiries is so hard.
Not only do you have to be right, you have to be right at exactly the proper time AND the trade has to move up enough to match and exceed the strike price at which the broker has set the option. Bollinger Bands are excellent for trading short term binary options because they pinpoint times of low market volatility movement and then signals when the market start to moves.
Once the market is moving the bands also provide numerous follow up signals that savvy day traders can take advantage of. This is how it works. The bands are based on a standard deviation of prices and will get narrower and wider as volatility decreases and increases.
When the market is very calm and quiet the bands get narrow, when the market is volatile and moving a lot the bands get wide. The patterns of widening and narrowing are one kind of signal while price action in relation to the bands themselves provide another. There are three lines in the equation.
Beware of the occasional occurrence of false signals and open trades at your discretion. Download the strategy download. This strategy uses four indicators: After adding all these to MT4, we will clearly see when to make a trade.
Hi Sarah, depends on the timeframe you are using. For MT5 I would use 15 min. Not only do they not compile in mt4, but my computer was also infected with a virus after the download.
Can these indicators be sourced elsewhere, preferably in English? I cannot find the supersignal anywhere else and will not attempt another download from the site above. Yes, it works exactly as you expect: