The Momo Strategy
The strategy of trading binary options “Momo” is scalping, it has gained great popularity among professional traders. The results of the strategy are high, you can work not only with turbo options, but also with longer options. The goal of the strategy is to catch momentum and make decent money on minimal changes.
Strategy indicators
In this case, the moving average is needed to determine the trend and search for a signal of the beginning of the momentum. Momentum is expressed by the rapid change in price in relation to the average price over the last period. The MACD shows the beginning of the momentum and its continuation.
Buying a CALL option
The price breaks through the moving average from bottom to top. This suggests that the price is moving away from the average.
The MACD should be below the 0 mark, show the crossover of the moving averages. Also, the MACD can show signals earlier than the moving average.
After the price breaks through the moving average, you can open a trade.
Buying a PCI option
The price has broken through the moving average from top to bottom.
The MACD crosses the o mark or crosses the moving averages in the upper range.
Strategy “Momo” at the broker Binomo
In order for your trading to be a comfortable process, work in the Binomo terminal. Among the advantages of the broker: positive reviews, a simple and convenient personal account, a terminal equipped with the necessary tools, professional support, training materials, etc. You can read traders’ reviews about the Binomo broker here.
A detailed review of the Binomo broker is here.
Go to the official website of the Binomo broker here.
In order to buy a
CALL
option in the Binomo trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy
a PCI
option in the Finmax trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Bonuses broker Binomo
Binomo constantly holds promotions for its customers, which can be found here. By trading bonuses, you get decent earnings, save your money and be able to get the most out of trading faster.
Binomo Weekly Tournament
Weekly tournaments of the official Binomo website are an opportunity to get real money for free. Prize funds can be withdrawn in a convenient way for you and spent on any needs, and you can also trade them with a broker. Tournaments are held on Thursdays, traders with any experience who have a demo account with a broker can participate in them.
Participate in the Binomo tournament
Findings
A simple profitable “Momo” strategy can generate many signals in a trading session.
If you trade on the 4-hour trend, you can reduce the number of transactions, but increase their effectiveness.
Tagged with: 60 Seconds Option Strategy • Binary Options Strategy
