Best Binary Options Indicator
This is going to be a very subjective post. Everyone has a strategy whether its contrarian or trend based in theory. I like to play trend based first, contrarian second. It depends on at what inflection point I think the market I’m trading is at during the day.
My favorite indicator is using the MACD on a 5 minute chart.
What I like to use is this MACD setting and how the turns in the indicator coincide with price support/resistance levels.
This chart shows that when you have the turns going in one direction it doesn’t pay to be against the trend. You need to be extra careful when the turn in the indicator occurs near an important support/resistance level.
My strategy is not to use hourly options with this. I like to stack 60 second option trades with the indicator turns.
You can try these binary options trading tips to increase your odds of success.