Strategy "Wicked Scalping" Cryptocurrency

The scalping strategy is one of the strategies used by traders to get big profits quickly. Usually, this strategy will take advantage of small movements of a commodity for profit.

This article will summarize and provide a “Wicked Scalping” strategy for cryptocurrency trading. While the strategy used when scalping is to determine what percentage of the target price increase and then sell the asset when the price has reached that percentage.

Strategy characteristics

Type: Trends & Channels

Timeframe: M1-M5. In this example, we use M1, but signal accuracy increases with an increasing analysis period.

Trading assets: Any options trading signals. The main requirements are fixed spreads (2-3 points) and no hidden fees.

Trading times: All Forex trading sessions.

Premium percentage option: Not less than 70-75%.

In this strategy, we use three choices of indicators, including:

Exponentials Moving Averages
Bollinger Bands
MACD

Exponentials Moving Averages (EMA) with periods of 14 and 35. This trend indicator We install aims to determine the opening point of the crypto market. But you need to know that this strategy is not meant for trading during flat periods. We trade only if the range is between 15 and 25 points.
Bollinger Bands (BB) horizontal direction of the BB line confirms a flat, breaking the line will be a crypto trading signal from the end. If the range is wide enough, you can open the option to roll back from the border.
MACD, for this indicator We use the settings with periods (12, 26, 9). This indicator works both as a trend and as an oscillator instrument, so it will be the last signal to open options.

After installing 3 indicators on the binary options chart, we see an example of a signal as shown below:

Wicked Scalping

Recommendation for you, wait for at least 2 MACD histogram values to overcome the zero level then start trading crypto. Open a trade on the next candle after the best binary options signal. The expiry time of the option should be no less than 15-20 minutes even though the working time frame is chosen 5 minutes.

That's the "Wicked Scalping" strategy that we can emulate in the crypto market. And you need to know that Scalping with binary options on digital money can bring stable profits even on standard technical indicators. The main condition is that crypto brokers execute trade orders with minimum delays. This strategy can be used not only for minutes but also in the M5-M15 timeframe.