The Vympel binary strategy we offer refers to effective non-indicator trading systems. This is an easy way to trade, which will allow you to most accurately determine the movement of the market trend.
The strategy is based on a geometric figure that is formed on the price chart. Such graphical models of technical analysis serve as serious assistants to traders to accurately predict the direction of market quotes, they are used in both binary options trading and forex. The “Pennant” pattern itself is referred to as trend continuation patterns, it resembles other graphical models – “Flag” and “Triangle”, but its formation time is much shorter. The binary strategy is suitable for short-term and long-term options trading.
How to identify the “Pennant” pattern?
And although in this binary strategy it is important to learn how to correctly determine the pennant pattern, however, using the demo account of your broker, you will be able to work out the system well and positively implement it in practice.
To determine the figure of the “Pennant”, it is worth taking a closer look at the support and resistance levels, which should gradually converge at one point. One of the important attributes of the model should be considered a flagpole – this is a figure of a sharp shift in the price line, if a long candle appears on the chart, there is a high probability that the “pennant” itself may appear in front of you.
Usually, the pennant figure is tilted slightly to the side, which is opposite to the dynamics of the trend. On the ascending and descending charts, the “flagpole” model is formed in the same way, the only difference is in its location – above or below. “Flagpole” is a vivid confirmation of the fact that you see a pennant. The pennant pattern can be bullish, which indicates a growing market, and bearish, which is the downward trend of the market.
How to work according to the Vympel strategy?
Usually, after the pattern is formed, the price breaks through the resistance level (this is the upper line drawn), then there is a small pause. Such a lull can be associated with an attempt to restore balance between the main parties of the market – sellers and buyers. After the pause is over, the price chart will rush down or up again depending on the direction of the trend.
Buying a CALL option
If the trend is marked as upward on the chart, it is worth buying a CALL option after the price has broken through the resistance level. The pattern is completed when the price has fixed above the line, and right now the purchase of the option will be justified:
Buying a PCI option
In the case of a bear market, the price chart should overcome the support line, after which you can buy a PUT option, because After such a moment, the price, having received a strong impulse, will usually decline further.
The pattern will be completed when the price chart is fixed below the support level. This is the best option for buying an option. If you do not wait for the price to consolidate, there may be a high risk of its return.
Profitability of the strategy
During testing, this strategy showed an efficiency of about 75%: 3 trades with a profit, 1 – unprofitable. The disadvantage of the trading system is that the figure necessary for work rarely appears on the chart, so there will not be so many transactions. To make the strategy more profitable for you, test it on the demo account of your binary options broker (the current rating of brokers is here), and also try to combine it with indicators.
Vympel strategy at Binomo broker
In order for this non-indicator strategy to bring you a high income, choose a reliable broker terminal, for example, the Binomo broker platform. Its advantages: functionality, advanced settings (chart types, adding indicators, a large selection of options, expiration dates, etc.), convenient withdrawal and deposit of funds, many promotions and bonuses – all this makes binary options trading with Binomo very profitable. Get to know the reviews of real traders about Binomo, as well as take part in an active discussion of traders here.
A detailed review of the Binomo broker is here.
Go to the official website of the Binomo broker here.
In order to buy a
CALL
option in the Binomo trading terminal, follow these steps by going to the binomo.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 Binomo trading terminal, follow these steps by going to the binomo.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.
Real reviews of traders about Binomo
Bonuses broker Binomo
One of the strong advantages of Binomo is the many different promotions and offers, which you can check out here. Working on the platform with bonuses, the trader not only gets a good chance of a decent income, but can also get the most out of trading faster.
Binomo Weekly Tournament
Weekly free tournaments from the binary broker Binomo are an opportunity to get real money without your own investments. They can be withdrawn in any convenient way or put into trading with a broker. Such tournaments are held on Thursdays, traders with any experience who have a demo account with a broker can participate in them. The main prize, which is awarded to the winner with the highest profit during the tournament, is options in the amount of $ 150.
Participate in the Binomo tournament
