Indicators for binary options — are technical analysis tools, which are based on historical data and the developed equations allow to predict further behavior of the trend. They determine the strength of the market, signal a trend reversal, help to determine pricing levels, etc. Large part of the simplest indicators inherent in trading platforms and beginners are recommended to use them with the settings set to default values.
How to make money on the use of binary options indicators:
- study the principle of operation of the indicator until the formula. Without an understanding of its work the blind use can cause harm. Pay attention on what market situations and on what assets it works best;
- test binary options indicator on a demo account, the estimated minimum number of winning positions can be calculated according to the formula: 1/(1+x), where x — % of profit in case of successful prediction;
- try to put several indicators and see which bundle gives the most accurate results;
- use oscillators – indicators of the signal confirmation, they often help to determine how the signal to buy or sell is strong and what is the direction of the trend;
- if binary options indicator brings a loss, try to change its settings in different directions and capture the result in Excel table;
- you should not use many indicators at once, this will reduce the number of entry signals and not really affect their accuracy. Some traders manage to earn using 1 indicator, but the optimal number is considered to be 2-4 indicators.
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Indicator for trading in stock market was established in June 1978. It was developed by Welles Wilder. Creator of shopping RSI at the time recommended a 2-week period.. Continue reading