Today, we are going to show you a strategy that is extremely simple but with an extremely high correct rate in Binomo trading. This is a strategy you can fully experience even if you are new to the market. That is trendline trading. Follow the article to learn how to make a profit for yourself in Binomo.
- 1 How To Trade With Trendline In Binomo In The Most Effective Way
- 2 Steps To Get An Accurate Transaction With Trendline
- 3 Capital Management And Notes
- 4 Review On A Few Opened Orders With This Strategy
- 5 Conclusion
How To Trade With Trendline In Binomo In The Most Effective Way
If you do not know what the Trendline is, you can review the article here. It will help you understand the trend of price and how to apply it in trading.
Within the scope of this article, I just recall some knowledge about Trendline – the best indicator in fixed time trading. And this trendline strategy is always the number one priority of the best traders.
Steps To Get An Accurate Transaction With Trendline
It includes the 2 following steps:
Identify the trend and use a line to draw the Trendline
This is the most important step in this strategy. Finding the right Trendline means you have a 70% correct in your trades.
To correctly identify a Trendline, you need at least 2 points that are 2 troughs (or 2 peaks) that have just formed on the price path. Then, use the drawing tools in Binomo to connect these two points. The Trendline you need will appear.
Waiting for signals to enter profitable trades
After having the correct Trendline, what you need to do now is simply to wait for the price to hit this Trendline again and bounce off following the trend. You need to be really focused and patient at this step. After that, the sweet results will come to you.
Capital Management And Notes
Regarding capital management, you can open an order with 5-10% of your deposited balance. Statistics show that this strategy has a correct rate of more than 90%. This is a very high rate. You can rest assured of your transactions.
– If the price penetrates too deeply through the Trendline, you can ignore it and wait for the following transactions. With a 1-minute candlestick price chart, it is not difficult for you to find a pair of assets with a great trend line.
– Usually, the trendline will be broken after the price touches for 2 or 3 times. So, you can reduce the investment for the following orders after the first transaction to ensure the profit. This is what makes this strategy always correct in Binomo.
Review On A Few Opened Orders With This Strategy
– 1st order: EUR/USD currency pairs. A 5-minute candlestick price chart. After identifying the Trend line and observing, I opened a DOWN order following the downtrend when the price returned to touch this line. I was correct.
– 2nd order: EUR/JPY currency pairs. The market created a downtrend with a 5-minute candlestick chart. Opened a DOWN order when the price touched the Trendline again.
– 3rd order: EUR/USD currency pairs. The market created a downtrend with a 1-minute candlestick chart. I opened a DOWN order when the price penetrated not too deep into the Trendline.
Result: I was correct.
The truth is, trends are always the best companion you have on your journey to finding correct transactions. However, not everyone can use it most effectively. The strategy that I introduce to you today is proof for the saying: “Trend is your friend”. It is always true. The matter only is how you use it. Keep up the hard work today. In the future, you will be rewarded.