Friday, September 2, 2016

Binary Options Trading Using Secret Trend Scanner App

I have been trading for over 3 years in binary options. What I found out the most working strategy is trend following strategy. Trend is the most powerful market condition that determines the direction of an asset. Most of the time, markets are in ranging mode. Today I want to share a strategy that is based on trend following by using a secret app on your smart phone.

Tools you need to implement the strategy



  • A binary options broker. You can open an account with binary.com or iqoption here. Both brokers are regulated and trusted brokers for me.

  • An MT4 platform software on your PC

  • FX Trend Radar on Play store (This app is free to download and doesn't have annoying ads)


What is FX Trend Radar?


fx trend radar logoFX Trend Radar is a play store app that is available for both IOS and Android devices. This app connects itself to a secret source where the trending pairs are alerted directly on the app instantly. This app will receive the signals from its central source about the pairs that are trending at the moment. There are three types of trend signals on the app. Young trend shows the trend is just started. Medium trend shows trend has been going on for some time already and old trend shows the trend is old and about to end now. Any instruction about these signals can be found and clearly explained in the app. Trend Radar is not a holy-grail indicator like all other indicators but its accuracy in signaling the trending pairs is super accurate. You can verify by using your MT4 platform. This app uses push notification technology so when your phone is online, the alerts will happen in real time.

How To Trade The Signals


To trade the signals,  you need to pick the pairs that are trending for M5 and M15 at the same time because we are using M5 chart to trade. If you see the same signals for M5, M15, and H1, it is even better and strong signals. Most importantly, avoid markets when you see old trend signals. We choose only young and medium trends for the pair. You can trade both put and call options by using breakout strategy alone. You have to follow the direction of the trend. Trend is your friend. Let's me show you the pictures on how to enter the trade. Sometimes the alerts may annoy you because it happens for each time frame trend. It scans through many pairs (both major and minor pairs).

put trade in trend

call trade in trend

When you see the price breaks above the support or resistance lines, you need to enter the trade right away without waiting. The expiration time for these trades is between 25-30 minutes because it is about 5 or 6 candlesticks of M5 chart.

Conclusion and Recommendations in using this strategy


I hope this strategy will help you succeed in binary options. It is one of the easiest strategies but it works according to the logic of the market prices because it is about going with the trend. I look at the trend in 2 or 3 time frames to make sure higher probability of your trades. As like other strategy, it is not 100% winning but you will win more than lose when you follow this strategy strictly.

I recommend you not to take more than 3 trades per day with this strategy. You need to look for best trades for these three trades of the day and find the highest probable trades for yourself. For money management, avoid  martingale strategy and trade less than or equal to 5% of your capital per trade.

The last advice is to choose the right time to trade this strategy, you should avoid trading in Asian sessions. Trade only in London and US sessions because the market is trending with high volume during these times. Trending plus high volume is the best time to trade. Avoid trading during the news releases as well, usually 30 minutes before and after the news releases. However, with news releases with very low impact, you can trade as normal because they will not affect the market movement much.

Please share with your friends if you like my strategy. If you have questions, just leave in the comments. Thanks for reading.

To your success,

 

3 comments:

  1. […] reliable so you need to see for yourself. I hope you can find and download many free systems like trend trading strategy I have written on this […]

    ReplyDelete
  2. Thank you for the info, its a great help for me as a beginner :)

    ReplyDelete

Copy Trading with ForexTime: Potential Risk and Reward, How to Identify Good Strategy Managers to Copy Trades

Forex trading doesn't have to be too hard for regular investors. Technology has changed and now you don't need to spend hours analyz...