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TradFox

Tuesday, 25 July 2020

Binary trading with BOSTS_1 indicator

Trading using BOSTS_1 indicator is very simple, however it is not without risks. You may have seen this indicator before as it is usually a part of more complex strategies. According to our experiences, this indicator works using Bollinger bands. It is trend indicator, therefore you don’t need to use trends if you use BOSTS_1.

We, however, recommend to use manually drawn lines of support and resistance. This indicator repaints itself, therefore is more suitable only as a support indicator – not the main source of signals

We will trade according to arrows drawn by this indicator

How to setup the chart

Timeframe: M5
Template: BOSTS_1 (Download it here: ulozto.net)

Binary options strategies and their accuracy

Trading according to some strategies may be a good start on how to learn binary options trade. However, it is not recommended to use only simple indicators.

Always use your experience and gut feeling, in addition to indicators!

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