First You Need To Know some basic things About Binary Options Trading and Options Trading to continue my Trading best strategy.
- install mt4/mt5
- good binary options broker
- investment policy, enough…
Chart setup for Binary Options Trading and Options Trading basic strategy
We will be using Tradingview as our charting software so head over to www.tradingview.com and create a free account.
Please note that if you would like to make use of the alerts available in Mods custom indicator you will need to upgrade your account to Pro or Pro Plus.
Indicators we need to add are
VDUB_BINARY_PRO_3_V2 FINAL + Strategy
Click add indicators, type indicator name and click to add it to your chart
Do this for all indicators listed above.
Setting up VDUB indicator
Make sure settings are the same as this.
See the screenshot of the forex indicator sitting below :
Adding the results bars on indicator.
Now make sure you are using 5 min time frame.
Make sure you have the countdown timer active, this helps with timing entering trades.
Creating a Watch list
Now your chart is set up, you can now set up a watch list if you like. This makes it easier to flick through charts to see setups.
Add all assets you are interested in trading or available on your broker platform.That’s it, chart is ready to go.
Setting up Alerts
You will need to upgrade your Tradingview subscription to make use of the Alerts.
Pro version will give you up to 10 alerts
Pro Plus version will give you up to 30 alerts
MoD’s indicator will only need you to create 1 alert per asset.
You will need to set up the alert on each asset you would like to monitor.
Set up with the following forex indicator configuration:
Follow all sitting below the image:
Basic Rules for Binary Options Trading and Options Trading strategy
1. Candle must break Bollinger Bands upper or lower band Cleanly
2. Vdub Arrow must be in opposite direction eg. If green candle breaks upper band, a red
arrow must be on top of candle
3. RSI must be touching the very top or bottom line (at least 97 for put or 3 for call)
Then we wait for the last 5-7 seconds of that candle and if conditions are still met we enter a trade with 5 mins expiry in the opposite direction.
This is the end of Binary Options Trading and Options Trading strategy. You can follow a link i added bellow for knowledge .