There is a large group of binary traders who are constantly looking for an effective trading strategy that would bring maximum profit with minimal time costs. The system, called the “Juicer”, is aimed at satisfying this need.
Learn more about the Juicer strategy
The convenience of the proposed methodology is that all transactions will be carried out on 4-hour charts. This interval allows you to open from 2 to 8 transactions per month. At any time, as soon as you have free time (for example, during a vacation at your main job), the strategy can become more aggressive (from 15 transactions per month). To do this, just switch to the hourly timeframe or connect several auxiliary assets.
Read more about the strategy in our video:
You don’t need any additional templates or indicators to get started. All instruments are enabled by default in MetaTrader 4. It is enough for a trader to choose a convenient asset and proceed to setting up a chart (multicurrency strategy).
First, you need to add a Moving Average (Simple method, period 200) in the “List of indicators” section:
After that, the trader needs to manually determine the price levels. In its final form, the customized chart should look something like this:
The “Juicer” strategy consists of simple rules, but much depends on how correctly the trader performs the markup. Because there is no reference, try to adhere to the following guidelines during this procedure:
- Think of each level as a zone that includes a certain range of accumulated orders. The mistake of most beginners is that they see the level as a fixed line corresponding to a certain price value (i.e. the level is not 1.3000, but 1.2295-1.3100);
- First of all, consider clear levels that are visible to the naked eye. It is on them that the majority pay attention;
- When evaluating the strength of the selected level, consider two parameters: the duration and frequency of price touches. The fresher and more contact, the more significant the level;
- Increased activity is observed near historical extremes and the so-called. psychological levels (round values: 1.5000, 1.2000, etc.).
Now let’s move on to studying the principles of working on the “Juicer” strategy.
Buying a CALL option
- The Moving Average line should be placed below the chart. It is an inflexible sliding, so it is allowed to be in a horizontal position.
- A significant resistance level should be removed from the current value by at least 50 points.
- After that, the following candlestick combination should be formed on the chart: a black candle – a white candlestick – a white candle with a closing level higher than the previous one.
- When all of these conditions are met, it is worth waiting for a new candle to appear and open a buy order.
- Timeframe – H4 (for more frequent signals, you can use H 1).
- The recommended expiration date is from 8 candles (32 hours).
- We control the risk and do not invest more than 1.5% of the current deposit in one bet.
If, after working out the signal, the trend has not ended, then if the specified conditions are met, re-entry is allowed (this procedure should not be repeated more than 2 times).
Purchase example
In this example, we see two adjacent signals that fully correspond to the parameters of the transaction and allow you to enter the market. However, the appearance of the second entry point does not oblige the trader to anything. If he prefers to be more cautious, then after the first entry, trading can be limited.
Selling a PCI option
- The Moving Average is located above the chart.
- The support level is at least 50 points away from the current value.
- The following candlestick combination has been formed: a white candle – a black candle – a black candle with a closing level lower than the previous one.
When all of these conditions are met, it is worth waiting for the appearance of a new candle and entering a short trade. Additional conditions are the same as for buying a CALL option.
Example of a sale
Strategy “Juicer” at the broker Olympus Trade
To make the “Juicer” strategy the most effective and comfortable for you, trade in the terminal of a trusted broker Olympus Trade. The modern trading platform has the necessary functionality: a personal account, analytics, indicators (MA, Parabolic SAR, MACD, RSI, Stochastic and Bollinger bands), a choice of options and expiration (from a minute to an hour), market reviews and an economic calendar.
Get acquainted with the current reviews about the broker Olympus Trade here. You can see what the terminal workspace looks like in the image below.
A detailed review of the Olymp Trade broker is here.
Go to the official website of the broker Olymp Trade here.
In order to buy a
CALL
option in the Olymp Trade trading terminal, follow these steps by going to the olymptrade.com website and preparing an option by specifying:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy a
PCI
option in the Olymp Trade trading terminal, follow these steps by going to the olymptrade.com website and preparing an option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Start trading with Olympus Trade
Read reviews about Olympus Trade
Bonuses of the broker Olymp Trade
The official website of Olympus Trade offers constant promotions and bonuses to its users. Thanks to the prize funds, the trader can trade even more on the site without risking his personal capital. Now you can take advantage of the broker’s welcome bonus, which doubles the deposit. This promotion applies to all newcomers to the platform who replenish their account within an hour after registration.
Findings
The “Juicer” strategy is a great option for traders who really assess their capabilities and are ready to invest in the binary market, despite being overly busy and lacking many hours of practice.
Tagged with: Binary Options Strategy
