Trend following BO – 60 second binary options trend following strategy is fast paced, momentum and trend following strategy. While the strategy makes use of just one indicator, the key to success with this strategy is how fast you can execute a trade when the indicator gives a signal.
Who is this strategy ideal for?
Beginners and advanced traders alike can make use of this trading strategy. But as we mentioned, it is all about the speed as some times price can move so fast that by the time a binary options trade is placed, you might end up getting a new opposite signal.
- SixtySecond Trade indicator
- Chart Time frame: 1 minute
The Sixty second trade indicator is nothing but based on ADX (48) settings. Traders would know that ADX indicator is a trend oscillator and one which does a good job at showing when a new trend is starting or when a trend is going to end.
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For Put Options
- Place a Put option when the ‘Red’ dot appears on the chart with a 60 second expiry
For Call options
- Place a Call Option when the ‘Green’ dot appears on the chart with a 60 second expiry