Features of the expiration of “5 minutes”
Binary options “5 minutes” is a type of trading related to scalping, because The deadlines for the end of the transaction are short-term, a large number of entries, a decent profit. Such an expiration will allow you to make a lot of transactions during the session and get a good income, which traders achieve when trading in a week. One of the advantages of such expiration is that it works with any asset, in any market situation.
Express trading disciplines market players, because For a good result, you need a reliable strategy, the help of oscillators and other effective tools for work. Turbo options will bring a good income, but with an ill-conceived approach, your deposit will be more vulnerable and the chance of losing all funds is very high. Therefore, it is recommended to work with such options only professionals who know how to make informed decisions, work correctly with oscillators.
WASP Binary Options Strategy
This is one of the popular and effective strategies for 5 Minutes trading. Wasp translated from English. means “combat wasp”, that is, such a system will allow you to get the correct signal instantly and accurately. The logic of the strategy is based on the definition of short-term impulses, the rapid opening of a position and the constant filtering of flat zones.
The model is based on the combination of signals of 4 unique indicators, the work of which is aimed at showing high-quality market entries. This is an ideal short trading option. “Fighting Wasp” will help to organize trade in such a way as to get the maximum profit. Thanks to a simple system of rules for opening trades, it is easy and efficient to work, it is perfect for both beginners and trading professionals. Read more about the strategy, as well as the preparatory stage for trading with it, in our video material:
Preparatory part for trading
To prepare for trading using the WASP strategy, you will need the MetaTrader 4 trading terminal (download).
The WASP options strategy consists of non-standard indicators that need to be installed in MT4, to do this, download the archive with the material here.
There are two folders in the proposed archive:
- 1 folder (Indicators) – indicators for the strategy;
- Folder 2 is the template itself, combining all the tools.
Place the files of the Indicators folder in the root directory of the MetaTrader 4 terminal with the same name. In the Templates folder, copy the files from the archive with the .tpl extension. After copying the folders to the terminal, you need to restart it by closing the program.
Instructions for detailed installation of oscillators in the MetaTrader 4 terminal are here. In the video material above, you can also see instructions for installing strategy indicators in the platform.
After the platform restarts, select the WASP Strategy template from the list of templates. If you did everything correctly, the graph will look like this:
To implement the strategy, indicators are needed:
Moving Average – intertwining red-blue lines that determine short-term trend spikes (periods 3 and 9).
Flettr is an indicator in the form of a bar chart that signals a market flat in yellow (blue is an uptrend, red is a downtrend).
AOAC Alert is an auxiliary tool in the form of a separate bar block, indicating a market trend: a green square will confirm an increasing trend, a red square will confirm a decreasing trend, and a gray one will indicate a flat or a weak trend.
Semaphortrue is a tool that automatically calculates support/resistance levels.
Daily Open Line – shows the price of the asset at the opening of the trading day.
Buy signal
- The Moving Average lines increase after the crossover.
- Flettr is blue.
- AOACalert glows in a whole color.
- Semaphortrue support/resistance levels are located at a distance of 15 or more points from the price.
- The body of the control candle is completely closed above the MA.
- The appearance of a new candle is the optimal moment to buy a call option:
Note. During periods of market flats and news releases, you need to skip all signals.
Sell signal
- The MA lines crossed and headed down.
- Flettr is red.
- AOACalert is red.
- Strong support/resistance levels of Semaphortrue are at a distance of more than 15 points from the price.
- The control candle closes completely below the MA.
- The appearance of a new candle is the moment of selling a PAT option:
WASP Binary Options Strategy at Binomo Broker
In order for the WASP binary options strategy to be highly profitable for you, especially carefully choose a broker to whom you will entrust your funds and time. We recommend trading on the site of one of the popular brokers Binomo.
The terminal is distinguished by functionality and advanced features (setting up a chart, adding indicators, a wide selection of options, expiration dates, etc.). Also, traders can take advantage of convenient withdrawal and deposit of funds, promotions and bonuses that will make binary options trading much more profitable. You can get acquainted with real reviews of professional traders about the Binomo broker 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.
Bonuses broker Binomo
Binomo constantly holds lucrative promotions and offers that will be of interest to beginners and options professionals. You can get acquainted with the broker’s promotions and take part in the most profitable ones for you here. By trading binary options using bonuses, the trader not only gets a good chance of a decent income, but also saves his budget without exposing it to risks.
Binomo Weekly Tournament
Weekly free tournaments from Binomo are an opportunity to get real money as a gift without investing your own investments in the contest. 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, are options in the amount of $150.
Participate in the Binomo tournament
Profit Visualization
Did you know that success starts with your thoughts? If you do not imagine success, it is difficult to achieve a good result in trading. Work on visualizing profits and it will bear fruit. To do this, close your eyes, mentally imagine information about:
- How much profit and how often will you get at the height of your craftsmanship?
- What will you do with the income? What will you buy?
- What will be the results in 10 years, 5 years, in a year?
- What will you do in a month, a week, tomorrow and today after the transaction?
The latter images should lead to the idea of profit and success as your natural state. You can also add words to your visuals. It is worth writing down on a sheet of association with wealth and success in the market. Then attach this sheet to a prominent place and read aloud as soon as it catches your eye.
Yoga for trading
Yoga for trading is a morning exercise that is best done after waking up.
Procedure:
Sit comfortably and relax.
Concentrate on inhaling and exhaling. Don’t think about anything. Feel your breath, be in this state for 10 minutes.
Then turn your attention to the flow of incoming thoughts. Don’t hold them. Stay in this state for 5 minutes.
Then turn all your attention to breathing.
Turn on classical music, listen to it.
Such yoga will help you get a positive attitude, show how you can direct your thoughts in the right direction.
Tagged with: Binary Options Strategy
