Trading has become popular due to the ability to receive money in 30 seconds. Initially trying their hand at options trading, most traders try to get the most out of it, study tools, test new indicators, and work on their profitable strategy. And yet, what will happen if, after you try the strategy we propose in your work and you can earn regular and decent money? What will you do with this money?
Not an ordinary question, because we all know where to invest and where to apply capital. But if we are talking about a large income, then it can negatively affect the psyche, as if it were a loss. In case of a big win, the trader can purchase one of the following deviations:
- “the touch of Midas”;
- loss of respect for money.
The first deviation is named after a Greek myth in which the protagonist had the gift of turning all things into gold. The trader will behave exactly the same. It will seem to him that losing is unacceptable, which will lead to poor-quality preparation, missing signals and losses. In this case, it is important for you to remember that if it seems to you that you can cope with the market, you have lost! Only if you maintain the right technology of transactions, based on discipline, concentration and controlled ego, you will feel the rhythm of the market and will be able to earn consistently.
The second deviation associated with the loss of respect for money is also worth bearing in mind, remembering two opposite axioms:
1. When trading in the market, you must forget about money, focusing on the transaction. This approach will remove fear, greed and other vices;
2. Your money, which you transferred to the deposit and those that you earned, must be valued (remember this if your trades turned out to be successful). Keep in mind the postulate that money comes and goes quickly, so do not relax.
To understand how you feel about profits, take the test below. Write down your answers and then study the Profit Lab strategy described below. After getting acquainted with its algorithms, you can test yourself by reading the answers at the end of the article and after that start your trading.
Test
- If there are many more profitable trades than unprofitable ones, will you withdraw some of these funds for your personal needs?
- Yes, I always do.
- Maybe I do that sometimes.
- No, it’s not typical for me.
- If your strategy signals work flawlessly, will you increase your bet?
- There is no need to think, of course, yes.
- Why, all of a sudden, next time I’m going to lose.
- Perhaps it all depends on the situation.
Write down your choice of answers and start learning the strategy.
Strategy “Profit Laboratory”
We offer you a highly profitable five-minute strategy “Profit Laboratory” – a trend system that generates a lot of high-quality signals, allowing you to get a decent income.
This is an intensive trading method that involves opening 3-8 trades during the day. Trading on the strategy is very simple, the indicators show accurate signals, it remains to have time to open trades on time. The technique can work with any currency pair.
For convenience, you can watch a video instruction on how to work on the strategy:
For an effective result, it is important to remember that deviations are unacceptable. In general, the effectiveness of the strategy showed a high result: profitability is usually at the level of 75%.
“Profit Lab” strategy settings
To work on the strategy, you will need the popular MetaTrader 4 trading terminal (download), in which you must download the strategy template. You can read a simple instruction on how to add indicators to the terminal here.
After the files are added to the chart, it should look like this:
MA indicators have been added to the main window of the price chart, which have periods of 10 (indicated by the red line) and 19 (indicated by the blue line). In the additional window there is an OSMA indicator.
Strategy indicators
- OSMA, which is a leading indicator that will smooth out false fluctuations in signals, of which there are so many in short-term trading.
- Moving Average, on the lines of which you will determine the current trend.
Strategy characteristics
Assets: any trending
Timeframe: M5 (5 minutes)
Expiration: 30 minutes
Efficiency: 75-80%
Signal to buy a call option
- MAs have the appearance of an intersection, inclined upwards,
- OSMA is located in the positive zone (above the zero level),
- At the close of the control candle, you can enter the purchase.
Note!
- It is not recommended to bet more than 1.5% of the deposit on one transaction,
- At the time of the release of the main news, all signals must be ignored.
Example of a buy entry:
Signal to sell a put option
- MAs have the appearance of an intersection, leaned down,
- OSMA is located in the negative zone (below the zero level),
- At the close of the control candle, you can enter the sale.
Note! If MA, after the interweaving of its lines, does not have a clear slope, such a signal must be skipped, because The strategy is not suitable for trading in moments of market flat.
Example of a sell entry:
Strategy “Profit Laboratory” at the broker FiNMAX
We recommend working on this strategy in the modern trading platform of the FiNMAX broker, so you will simplify the trading process and make it comfortable and more efficient. The modern terminal is one of the best for working with options and offers traders advanced features: a wide range of options and expiration, a set of indicators, chart types, analytics, trading strategies, etc. You can see what the terminal workspace looks like in the image below.
A detailed review of the FiNMAX broker is here.
Go to the official website of the FiNMAX broker here.
In order to buy a CALL option in the Finmax trading terminal, follow these steps by going to the finmaxbo.com website and preparing the 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 Finmax trading terminal, follow these steps by going to the finmaxbo.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.
FiNMAX broker bonuses
The official FiNMAX website offers its users many promotions and special offers, which can be found here. The broker’s bonuses will make binary options trading much more effective.
Tournament on FiNMAX demo accounts
Free tournaments of the official FiNMAX website are held for traders who have a demo account on the broker’s platform. The tournament supports talented market players, providing a unique opportunity to get real money for further trading without replenishing the deposit. The main condition for participation in the tournament is the availability of a demo account.
Participate in the FiNMAX tournament
Test results
Now you can test yourself by reading the correct answers that are acceptable for the trader’s behavior:
1Question: “Perhaps I do this sometimes.”
Why so:
“This is a very interesting question. Often there are situations when you need to take some of your profits for “current” expenses or to reward yourself for “winning”. But it is better to do this: put most of the funds that you planned to spend “on yourself” in a portfolio of reliable long-term investments. Remember that you should not allow the depletion of your capital by losses (losses) and withdrawal of funds from the deposit.
A common mistake made by young traders when the market works in their favor is to quickly squander profits. First comes the Rolex, the Ferrari, the country house. Then the market calms down, ceases to develop in the usual direction and then professionals take up the work, and beginners are no longer able to trade as they managed to get used to another. That’s when it’s time for professionals to buy a Rolex, a Ferrari, a country house at half price.”
2Question: “Perhaps it all depends on the situation.”
Why so:
“Increasing the size of the transaction is the step that all traders are obliged to take, but there is no need to speed up events much and rush. Remember that trading with large amounts of funds, in addition to potentially even greater profits, can also bring potentially large losses. The main thing is not to risk too much of your capital in one transaction. Also, you should not spend large amounts of money on trading if you cannot separate the concern for your capital from the need to conduct a good transaction.
Findings
You have become acquainted with the effective strategy “Profit Laboratory” and you can, by applying it in practice, make good money. And yet, to begin with, think about what will be your attitude to winning? Be respectful of your trading results, not forgetting to enhance your own experience as well.
Tagged with: Binary Options Strategies Chart Models • Binary Options Strategy
