60 Seconds Strategy Binary Options in Binomo

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60 Seconds Strategy Binary Options in Binomo
Minute options compare favorably with long-term ones in the frequency of setting up strategic setups, which, all other things being equal, will bring more revenue than trading with long-term contracts. Naturally, if you trade turbo options that require a high level of accuracy on the part of the trading terminal, you need to choose a broker who can provide this. One of these brokers is Binomo, the terminal of which we will use to review popular scalping strategies.

Also, speaking of minute options and work on low timeframes, one cannot but mention the high level of signal error. Not every scalping strategy can boast an efficiency of more than 75%. Therefore, you only need to choose trading assets whose profitability is above 80% to turn quantity into quality. At the time of writing, only a crypto currency index could boast of such a percentage of profitability
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What is a 60 Second Binary Options Strategy?

The 60 Second binary option strategy is a trading algorithm or a set of rules allowing binary options traders to make profitable decisions on the very squeezed period of trading. Thee system is based on 1-minute charts, and it applies to any kind of asset class including single shares, stock indices, commodities, fiat currency pairs and even cryptos. The range of technical instruments to analyse the market conditions and indicators to provide trading signals can vary, but the main idea remains the same as per any other type of trading - buy CALL options at support levels and PUT options on resistance.

To simplify the process of analysing the market, binary options traders can apply the same technical rules as per larger timeframes. For example, the one-hour chart can be used to find strong resistance and support levels, identify overbought and oversold conditions, as well as determine pivot points. Fibonacci Retracement Levels are informative in terms of searching for strong defensive barriers, which could reverse the price action. After those levels are found, a binary options trader can use their power to trade on 60 sec binary options, opening CALL deals on the first test of support and put-positions, counting on the first bounce from the resistance.


Best indicators for short-term trading

60 Seconds Strategy Binary Options in Binomo
Fundamental factors and trend indicators with high periods should be discarded immediately, since the reaction of the chart to the appearance of such signals can drag on for hours, and even days, not to mention minutes. To search for positions for turbo options, they are perfect:
  • Oscillators. Especially those designed to look for turning points: ADX RSI, CCI, Stoch, etc.
  • Candlestick patterns. The main advantage of candlestick patterns is versatility and stable performance on different timeframes. On the Binomo website, in the training section, two full video tutorials on candle shapes are presented at once.

It is important to understand that a prerequisite for using candlestick analysis on minute options is a clear correspondence of the timeframe, in this case, 1M.
  • Price Action. Non-indicator trading is quite complicated and is suitable only for experienced traders, however, support and resistance levels serve as an equivalent and much more accurate replacement for oscillators, so it’s worth mastering them. Fortunately, there are a lot of materials on Price Action on the Internet.


Overview of the most popular and productive strategies for 60-second options

Multistochastic

  • Recommended assets: NZD/USD, USD/JPY, EUR/JPY, GBP/USD, EUR/GBP, GBP/JPY, EUR/USD;
  • Working timeframe: from M1;
  • Expiration: 1 minute;
  • Time to trade: Any.
  • Indicators Used: Stoch 5/3/3; Stoch 10/25/10

A signal to enter a position appears when the readings of both oscillators converge. To buy, stochastics must be below level 20, for sale above 80.

The strategy works equally well on both turbo options and long-term contracts since stochastics calculate the number of candles, no matter which. Average performance – 73% -78%. The algorithm gives the best efficiency during periods of flat movement of quotes. It is not recommended to trade during periods of winning back fundamental factors and in other periods of increased volatility.
60 Seconds Strategy Binary Options in Binomo
This is just one of many variations of multi stochastic. Feel free to experiment, and perhaps you will be able to achieve even higher performance indicators with other settings, and possibly even with a third filtering oscillator.


ADX + Stoch + MA

This is just one of the dozens of scalping strategies for binary options built on the ADX indicator. The algorithm is quite complex, but it is worth considering since this is one of the most effective 60-second option strategies. The average performance exceeds 80% and sometimes reaches 90%.
  • Recommended assets: Any;
  • Working timeframe: from M5;
  • Expiration: 1 minute;
  • Time to trade: European and American sessions.
  • Indicators Used: Stoch 5/3/3; ADX 14; three moving averages with periods of 5/15/30 (can be replaced by a Bill Williams alligator with similar periods).
  • Buy signal: Moving averages do not intersect with each other, and are arranged in order of increasing period from left to right. Also, the ADX should be above level 20, and the stochastic should be above level 50.
  • Sell signal: Moving averages do not intersect with each other, and are arranged in the order of increasing the period from right to left. Also, the ADX should be below level 20 and the stochastic should be below level 50.

There is also an alternative version of the strategy, in which instead of two senior moving averages Bollinger channels are used Moving Stochastic


Moving Stochastic

60 Seconds Strategy Binary Options in Binomo
It turns out that all three strategies use the Stochastic indicator complex, but, as mentioned earlier, it is the stochastics and other oscillators that are optimal indicators for working on small time frames. This time, the tool is used in conjunction with the classic intersection of moving averages.
  • Recommended assets: Any;
  • Working timeframe: M1 – M5;
  • Expiration: 1 minute;
  • Time to trade: Any, much higher results, the algorithm shows at night, in the Asian and Pacific sessions.
  • Indicators used: Stoch 5/3/3 and two moving averages with periods of 60 and 30 during periods of high volatility, and 30/15 at night.

When the fast-moving average crosses slowly from the bottom up, and the stochastic exceeds 20, you can safely open a buy option. Conversely, the value of the oscillator below 80 and the reverse intersection of the moving are a signal to sell.

Entry points do not appear often, so it is best to use the strategy on small timeframes M1-M5. The signal greatly enhances the presence of reversal candle patterns: Hammers, Harami crosses, Doji stars, pinbars, etc.

It is important to understand that the intersection of moving averages is a signal that may not work on a particular candle, which is critical for the “60 seconds” options, therefore it is recommended to use the averaging of the first position in case of the beginning of the back correction after you enter the trade. Thus, the recommended money management for the first position is 2%, for the second – 4.5%. Averaging trade opens in the same direction, immediately after the stochastic begins to move in the direction of the original signal.


60 Seconds Strategy – Advantages

  • Possibility of making a lot of trades each day.
  • Not having to wait long to know the result.


60 Seconds Strategy – Disadvantages

  • Since it is a short interval, sometimes it takes just a small detour to lose or win. Which makes it more difficult to make a correct analysis of the market and a more accurate forecast.
  • In the event of losses, we sometimes tend to want to insist on the trades, and sometimes in the short time we are emotional we destroy the work of a week or a month. The advice I always give is to stop after 3 losing trades. Close the platform and come back the next day. It is the best advice that a trader can give.
  • Within the 1 minute/5 minutes ranges the price moves a lot, not having a stable behavior. Sometimes everything indicates that the asset will move in a certain direction, but it takes a bit longer and the trade closes before it has had time to actually go to where we thought it would.
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