Best 10-Minute Strategy: For Beginners
Our 10 minute binary options strategy does not involve the utilization of numerous complicated installations or trading indicators. Our own experience has taught us the difficulty with set-ups, particularly when you are a novice in binary options trading or have just a couple of months of knowledge in the same. This is why we are offering you a simple but extremely precise 10-minute strategy in binary options trading. One of its primary benefits is the fact that it needs using only 2 indicators – both of which are actually similar in form, a simple moving average.
Moving Averages - Definition
Moving averages refer to a category of indicators which symbolize the average cost of an asset for a specific time span. For instance, the time frame for which moving averages can be specified are referred to as periods – which are nothing but a specific time span. Naturally, having an indicator set for a period of 10 will show the average cost of the asset over the last 10 days. Having a period of three will display the average cost of the asset over the last 3 days.
Moving averages are of 3 kinds – Simple, Exponential and Front Weighted. In this strategy, we use simple moving average and both of these are fixed at periods of three and ten.
Fixing this strategy is about as basic as trading with the help of this strategy. First of all, you require access to MT4 (Meta trader 4), Free Stock Charts or any other charting solution. We personally like to use www.freestockcharts.com due to its fast loading and setup.
As this is a 10-minute trading strategy, we wish to ensure that the period is fixed at 10 minutes only. We only wish to implement the strategy on currency pairs. The strategy can be implemented with any currency pair and we wish to use the strategy at the time of New York trading session. All the trades that are conducted expire within a time frame of 5 to 10 minutes.
Using the Strategy
The picture given below will show you an instance of the way that this trading strategy would appear. You can find we are using a single currency pair, the proper time frame and 2 moving averages.
We have set our simple moving average line at a period of 3. This acts as our signal line, at any time that the line crosses with the other moving average line. We do a trade in the direction of the yellow line. If the yellow line crosses the blue line upwards, we can put a CALL trade for 5 to 10 minutes and do vice-versa for the contrary direction. You can check that out of our 9 trades, 7 were successful. This means 78% success for us!
This is a strategy that we have designed personally mainly for inexperienced traders. However, even experienced traders can use it. While trying it, we have found 75 to 79% success rate on a consistent basis over the past 4 – 5 weeks.
If you feel like ask anything to us, leave your questions posted below. We will try our best to answer your queries. Best of luck and happy trading!
More strategies coming soon……