Rainbow Best Strategy - Binary Options

When we think about how to consistently make money trading binary options, especially on the Deriv platform. Of course, we have to study strategy and technical and fundamental analysis. It is very unlikely that we want to trade without having a good technical analysis. even to use it and our knowledge with the "Rainbow" strategy.

Characteristics of the "rainbow" strategy

Strategy type: Tendency.

Trading period: M1-M5 range.

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

Time: All Forex trading sessions.

Premium percentage option: No less than 70-75%.

Indicator

In this strategy, we use only one standard indicator, and additionally, the application of the best (mandatory) binary options signals is included.

Rainbow Moving Average. The idea of this indicator is that the different offsets indicate the trend on the higher and lower timeframes compared to the current one and make it possible to open binary options accurately. Because trend indicators are several simple moving averages with the same period and different offsets relative to the current price. But we also need to know that Indicators are not available on all binary options sites. In this discussion, we use the Deriv broker trading platform used by binary.com/deriv.

If your broker does not have this indicator, you can download it for free on the Internet and use it in other trading terminals (such as MetaTrader) as a signal to open options in your account.

The next step after we install the moving average, the terminal's working screen display takes the form as shown below, (the color can be changed again).

INPUT IMAGE

Binary Options Signals (UP/DOWN)

RISE signal: The price moves from the bottom to the top of all Moving Averages or enters the "cloud" of the indicator. Then confirm from Vfxalert binary options signal upwards.

FALL signal. Opposite conditions - the price is below all Moving Averages or from top to bottom enters the "cloud". Then confirm from the Vfxalert binary options signal downwards.

Another condition is patience. You can try entering the first candle of a different color, but it is better to wait for the full binary signals.

Recommendations about use

It is recommended to receive additional confirmation of Vfxalert signals, oscillators, RSI, CCI, or Stochastic, which correctly takes into account the emergence of overbought/oversold situations and volatility dynamics.
When trading in one day, do a comprehensive market analysis - as a rule.
During the publication of news and important fundamental statistics, it is important not to open options 30 minutes before the news and 30 minutes after publication.
Significantly improve scalping results if you perform analysis on multiple time frames at the same time. For example, the M5-M15 period can provide a hidden signal of a trend change, which is then confirmed by a deal on M1.

Disclaimer: The articles and signals provided are for informational purposes only and are in no way an action guide. Site and program owners do not accept any responsibility for the use of the information provided on the website and in Our programs, such as for any errors. The information on this site does not constitute a public offer.