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  • Nicholas Anderson

Binomo Strategies

More often than not, the market is flat in the evening and at night (UTC): the price moves calmly within a rather narrow price range. Fluctuations are small, but quite predictable, so you can trade on them. The main question is how do we determine moments of price reversal during a flat? We'll tell you and show you now!

Step 1: Preparing the indicators

Select the Bollinger Bands indicator with default settings. It will show the moments of maximum deviation of the price from its average value.


Then select RSI (Relative Strength Index) and apply the following settings: • Period 9 • Overbought level 70 • Oversold Level 30

The RSI will show the moments of price reversal.


Add the Moving Average indicator. Configure as follows: • Period 2 • type Simple • Red color

It will show the current (short-term) trend. It is recommended to conclude trades according to the trend.


Step 2: Use the indicators to make a profit: After you have set up all the indicators, wait until they give the signal to conclude a trade.

We'll explain in pictures.

Trade UP when: • The line on the RSI is below level 30 • The moving average crosses the lower Bollinger line downwards and then reverses upwards. • After that, the price (candle) closes ABOVE the LOWER line of the Bollinger


Moving Average is below the BB channel
Moving Average is below the BB channel

Moving Average is below the BB channel The candle closes up inside the BB channel RSI is below level 30


Trade DOWN when: • The line on the RSI is above level 70 • The moving average crosses the upper Bollinger line upwards and then reverses downwards. • After that, the price (candle) closes BELOW the UPPER Bollinger line


Moving Average is above the BB channel
Moving Average is above the BB channel

Moving Average is above the BB channel The candle closes down inside the BB channel RSI is above level 70

IMPORTANT!

  1. Trading time: it is most effective during the evening and at night (UTC) starting from the second half of the American trading session (at 5:00 PM) until the end of the Asian session (until 6:00 AM).

  2. Assets to trade: there are some assets that are often in a flat for most of the day, except during the publication of important economic news. For example: CAD/CHF, AUD/CAD, EUR/GBP, and Gold.

  3. The expiration (the time before the trade closes) depends on what time frame you are trading on and the intensity of the price movement after the flat. If you chose the 15S-1M time frame, an expiration of 3-5 minutes is best. If you prefer longer time frames, then INCREASE the expiration as well.

  4. It is not recommended to enter into trades that exceed 2% of your trading account (for one trade).

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