Deriv Trading Strategy Using "Three Screens" And the VfxAlert indicator
The best option for traders to make money from binary options and Forex is to use trading trends. When a trend in one direction is seen on multiple timeframes, trading will be more reliable. The movement of the vfxAlert signal application program will help you quickly assess the situation and find the moment to determine the BUY/SELL options.
Triple Screen Strategy - Deriv Platform
This strategy is a classic one that uses information from three-time frames to open a trade: "small", "medium" and "long". This strategy has a "trend" trading type. For the timeframe, you can use it in the M1-M5 range. You can use each currency pair for its trading assets. As for trading time, all are for Forex trading sessions. We recommend the percentage premium option at least 70-75 %.
Each subsequent timeframe must be at least 5 times larger than the previous one. It works well in the stock market, you need to know that in Forex with higher volatility, too "long" periods can lose a lot of good accurate binary options signals. For short-term options on major currency pairs, the combination "M1-M5-M15" is suitable.
The principle is simple: open an option on M1 when the trend on all three-time frames is the same. The image below will show an example of a PUT option. The downtrend is visible. Instead of constantly switching between screens, we'll use the "Trend" indicator, which shows the strength of a trend as well as its direction.
We recommend that you always start your analysis with a higher timeframe (M15), then move on to the average (M5), and if it coincides, you can open binary options with a range of 5-10 minutes only.
How about additional filtering of fake live trading signals?
For additional filtering of fake live trading signals, we use Stochastic - the oscillator will rate the current balance between buyers and sellers: predictor above 80 level - end of an uptrend (overbought), below 20 - end of a downtrend (oversold).
RISE/FALL signal
Once again, we remind you that options are opened when the current trend ends with a confirmed price reversal. The following is a RISE/FALL signal:
RISE signal. The trend should be up for all timeframes (M1-M5-M15) and vfxAlert signals. Stochastic is above the zero level or in the overbought area.
FALL signal. Opposite conditions: downtrend for all timeframes (M1-M5-M15) and vfxAlert signals. Stochastic also fell to oversold.
Recommended Use:
- Open a trade on the next candle after the binary signal. The option expiration time should be not less than 7-10 minutes even though minutes are chosen as the working time frame.
- If the price and Stochastic start moving in one direction - you can open an option.
- Uses the economic calendar included in all popular binary trading platforms to control events.
- During the publication of news and fundamental statistics, it is important not to open options 30 minutes before the news and 30 minutes after publication.
- Choose a stable market.
DISCLAIMER: Both the methods and signals provided in this article are informational only and in no way an action guide. The owners of the sites and programs do not accept any responsibility for the use of the information provided on the websites and in the programs that have been created, for any error. The information on this site is not a public offering. REMEMBER!!! TRADING IS FULL OF RISK.
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