“Breakdown” strategy
The “Breakout” strategy for binary options 60 seconds works on 5-minute charts, refers to express options. The essence of the strategy is to pinpoint the support and resistance lines. A position is opened after the breakdown of this line and subsequent consolidation.
Features of the strategy
Binary options “60 seconds” refer to high-speed trading, allowing you to open a large number of positive transactions:
After the trend is caught and the consolidation is obtained, trades are opened in the direction of the breakout. You can also increase either the volume or the number of transactions. Remember that adding oscillators will reduce the number of false signals.
Buying a CALL option
If the support-resistance line is broken from the bottom up, after consolidation, we open a CALL (up) deal.
Buying a PCI option
If the support-resistance line is broken from top to bottom, after consolidation, we open a PUT (down) deal.
Strategy “Breakdown” at the broker Olympus Trade
In order for turbo trading to bring you the best results, work in the terminal of the Olympus Trade broker. The modern platform has all the necessary functionality for trading: a convenient personal account, up-to-date analytics, transaction history, indicators, choice of options and expiration (from a minute to an hour), market news and training materials.
You can get acquainted with real reviews of traders about Olympus Trade, as well as ask questions to professionals, here. You can see what the workspace of the trading platform 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.
Real reviews about Olympus Trade
Bonuses of the broker Olymp Trade
The official website of Olympus Trade pays special attention to profitable promotions for its traders. Bonuses can increase your chances of earning decent money without investing personal funds. Hurry up to take advantage of the starting bonus, which will double the deposit. The amount of the bonus depends on the amount deposited (according to the terms of the promotion).
Tagged with: 60 Seconds Option Strategy • Binary Options Strategy
