When I began to write this strategy I wanted to give answers to the following questions in order to help everyone use it better. What motivated the trade? How was the trade managed? I ask these questions with every trade and answer them before moving on to the next one. This helps me to improve my trading and it is a practice recommend to newbies and experts alike. This is a strategy that I primarily use on the U. This is because that is the time when the most participants are in the market. It can be used during the European session as well but stick with the more heavily trades pairs. This strategy focuses on forex hour charts and is almost purely technical in nature. I use the Relative Strength Index, moving averages and candlesticks to make my analysis See links at the bottom of this hour. RSI should be set to 20,80 and use two moving averages. This strategy is based one hour charts with one hour time expiry binary options. At the one hour chart, MACD is hour oversold phase while RSI is a growing trend. Price is between the middle and upper Bollinger tape so that it is possible further increase in prices. At the one hour hour MACD is oversold and rising and the RSI is also rising while price has broken through the upper Bollinger tape, indicating market strength. My recommendation would be put option crude oil at This strategy might suck because it is extremely susceptible to news events. I do not recommend using it on a day when economic data is being released, a central bank is meeting or expected news announcements are on the schedule. When I tested it the first day a lot of mixed data was being released and the strategy did not work as expected. Mixed data gives traders a reason to pause, so analysis may not always be correct. So far, it has produced similar results across the entire list of commonly traded forex binary options. It uses a blend of indicators that seeks to weed out market fluctuations in favor of the underlying trend. The RSI, MACD and Bollinger bands are used together to pick only trades that follow the trend and to confirm each other. When the indicators do not agree and being to diverge a trader needs to find a balance. For example, if the MACD indicator rises as prices continue to fall, it could be an exit point and signal a possible reverse trade. Bollinger Bands allows traders to compare volatility and relative price levels, a good way to target the shorter term movements. Prices will often trend in the direction of a recently touched band, giving traders a chance to profit. When the indicators agree then the strongest signals occur. From my trading experience I have discovered that all traders —winners and losers —share common experiences. At the beginning of testing this strategy I was confused and felt the pain of failure but I persevered in order to come out on top. Writing this strategy I want to explain how to trade successfully on a consistent basis. I wanted to share what I know about the market and its behavior. They study charts and historical data to find trends and predict strategy changes. This strategy has disadvantages and can be complicated. It is uses a lot of tools such as RSI, moving averages, candlestick and Bollinger bands. Continue Discussing Milos One Hour Strategy For Binary Options Trading on our Forum! Hi Milos, What are the settings for your Bollinger bands and MACD? I cant seem to find the proper setting in MT4. For question regarding brokers — Please use our Forums. G Smith on Bloombex Options. Nisar Hussain on SternOptions. Banc De Binary StockPair VIPBinary Bloombex Options Have you ever attended a binary options webinar? Yes, they were awesome! No, but would like too! We hate Spam, we'll not promote or share your information jQuery document. Last updated on February 25, by Milos. 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The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form strategy therefore sometimes disconnected from reality. All information strategy be revised closely by readers and to be judged privately by each person.
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