The effective trend system Bollinger Bands Pluss can become the main assistant to the trader, because is able to generate profitable signals, make trading easier and clearer.
Features of the Bollinger Bands Pluss strategy
As you know, trend trading is easy, reliable and safe enough, there are fewer false signals, market sentiment is clearly observed, so it is doubly pleasant to work, especially if you are looking for your profitable strategy. Remember that it is better not to use this system during a flat on the market. On the contrary, in those moments when there are many trends in the market, it is more effective to work with it, while the probability of false signals is minimized.
Benefits of the Bollinger Bands Pluss Strategy
- The trading system is easy, will be simple and understandable even for those market players who are just starting their journey in binary options trading;
- Trading does not require long preparation, installation of templates and programs; you work in a convenient interactive space of the “live chart”, use basic binary indicators;
- In addition, you can view the results, trading history and adjust the strategy to suit your goals;
- A high percentage of profitability of the trading system: this, according to strategy testing, is more than 70% of profitable trades.
Preparatory stage of the strategy
The system is based on accurate signals from the Bollinger Bands, as well as two auxiliary filters to confirm trends:
RSI,
The main filter of the system is RSI. If it goes into the overbought-oversold zone, it is worth skipping the trade.
Strategy settings
- Currency pairs: standard,
- Expiration: 2-3 candles,
- Timeframe: M15,
- Trading: at any time except for the moments of news release.
It is better to work on the strategy on the “live chart”, where you can easily add the required indicators. After adding tools to the chart, your workspace will look like this:
How to trade with the Bollinger Bands Pluss strategy?
In order for your trading using this method to be effective, follow the signals indicated in our article:
Buying a CALL option
To buy a CALL binary option (up), you should wait for the following signals to appear on the chart:
- The candlestick should break through the central line of the indicator in the bottom-up direction;
- In this case, the parabolic SAR should be located at the bottom;
- RSI is located in the neutral zone, perhaps it is smoothly heading upwards;
- After the candle has closed, you can purchase a CALL binary option:
Buying a PCI option
To buy a PUT binary option (down), you should wait for the following signals to appear on the chart:
- The candlestick should break through the central line of the indicator in the top-down direction;
- In this case, the Parabolic SAR should be located at the top;
- RSI is located in the neutral zone, perhaps it is smoothly moving down;
- After the candle has closed, you can purchase a PUT binary option:
Bollinger Bands Pluss Strategy at Olympus Trade
If you want your trading on the Bollinger Bands Pluss binary strategy to be productive, choose the trading terminal carefully. We recommend working with the binary options broker Olympus Trade, the terminal of which has the necessary functionality: a comfortable personal account, convenient analytics, indicators, economic calendar, etc.
Study the current reviews of traders about Olympus Trade and ask your questions to traders here. You can see what the workspace of the trading terminal 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, indicating:
- 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 the 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 making money with Olympus Trade
Real reviews about Olympus Trade
Bonuses of the broker Olymp Trade
Olymp Trade is not only comfortable, but also profitable trading. The company pays great attention to users, holds promotions and contests. Binary broker bonuses are an opportunity to get additional funds and increase your chances of high earnings, while without personal investments in your account.
Now the broker offers a profitable starting bonus aimed at newcomers to the platform, which will double the bonus amount. The size of the bonus will depend on the amount of the deposit made (according to the terms of the bonus funds), which you made to your account within an hour after registering on the broker’s website.
