As you know, in the binary market, as in any other market, the price does not move only in one direction, its direction changes constantly. During the next correction, the price has different strengths, so it is likely that the trend of movement will change, taking advantage of this, the trader will be able to earn. The goal of our new binary strategy “Navigator” is to determine the point of a possible market reversal in time, place a bet and get your profit.
Features of the “Navigator” strategy
A simple binary strategy generates accurate overbought-oversold signals , effectively working on changes in the market trend. The system is suitable for trading for both novice market players and professional investors. Thanks to simple but reliable indicators, it is quite easy to see the signals and, having entered the market in time, earn decent capital. It is convenient to work on the system in a “live schedule“.
Strategy indicators
To search for reversal signals, the RSI and CCI indicators are used, which perfectly complement each other. RSI has standard settings, so we don’t change anything in the settings; for the CCI oscillator , it is necessary to set the indicators of the control levels to +200/-200:
Add tools to the main trading chart, the template should look like this:
Currency: any trader’s choice,
Timeframe: 5 minutes,
Expiration time: 20–30 minutes.
How to work according to the “Navigator” strategy
By installing indicators, you should learn how to identify overbought and oversold zones – clear boundaries of movement when the market is most depleted. It is at these moments that it is more likely that a trend change (trend change, rollback) will occur:
- Overbought market signal – occurs on an uptrend, when the RSI is located between 70 and 100, the CCI is located above the +200 mark. In this case, there is a high probability of a downward reversal of price dynamics, which means that you can make a profitable bet to buy a PUT option;
- Oversold market signal – occurs on a downtrend when the RSI is located between 0 and 30, CCI is located below the -200 mark. In this case, there is a possibility of a trend reversal in the upward direction, you can buy CALL options.
In order for the binary strategy “Navigator” to bring a stable inflow of capital to the deposit, it is necessary to work correctly with the signals of indicators, which we will talk about later.
Buy a CALL option (up)
To buy a CALL option, a trader needs to expect the following signals to appear on the chart:
- The CCI indicator is located below the -200 mark;
- RSI is below the 30 mark;
- You need to wait for the moment the candle closes, at the opening of a new candle you can open a deal to purchase a CALL option:
Buy a PCI option (down)
To buy a PUT option, a trader needs to wait for the following signals to appear on the chart:
- The CCI indicator is located above the +200 mark;
- RSI is located above the 70 mark;
- Again, you need to wait for the moment of closing the candle, at the opening of a new candle, you can open a deal to purchase a PUT option:
Important Notes on the Strategy
It is not recommended to work on the strategy in those moments when important economic news comes out, because The market is especially volatile, the dynamics are difficult to predict.
Before you start real trading using this trading technique, you need to test it on a demo account of a binary broker (the current rating of binary options brokers is here).
Strategy “Navigator” at the broker Olympus Trade
For the most effective trading on a binary strategy, you should carefully choose a trading terminal. We recommend working in the functional platform of the binary options broker Olympus Trade. The terminal is easy to use, has the necessary functionality: a comfortable personal account, convenient analytics, indicators, an economic calendar, etc.
Study the current reviews of traders about Olympus Trade and ask your questions to traders here. You can see what the workspace of the trading terminal looks like in the image below.
A detailed review of the Olymp Trade broker is here.
Go to the official website of the broker Olymp Trade here.
In order to buy a CALL option in the Olymp Trade trading terminal, follow these steps by going to the olymptrade.com website and preparing an 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 Olymp Trade trading terminal, follow these steps by going to the olymptrade.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.
Traders’ reviews about Olympus Trade
Bonuses of the broker Olymp Trade
Olymp Trade is not only comfortable, but also profitable trading. The company pays great attention to users, holds promotions and contests. Binary broker bonuses are an opportunity to get additional funds and increase your chances of high earnings, while without personal investments in your account.
Now the broker offers a profitable starting bonus aimed at newcomers to the platform, which will double the bonus amount. The size of the bonus will depend on the amount of the deposit made (according to the terms of the bonus funds), which you made to your account within an hour after registering on the broker’s website.
