An operating binary options trading pattern called Bronx

An operating binary tactic Bronx

The Bronx trading strategy has long been known among the successful option traders as one that allows predicting fluctuations in asset prices in a very simple way. The whole trick of this technique is that due to the combination of indicators it uses, a trader can see the upcoming market turn and conclude a contract at the most appropriate moment. In addition, despite the professional level of this strategy, even novice traders who wish to increase their account funds at a stable pace can easily apply it.

An operating tactic for binary options Bronx: technical parameters

Bronx is a strategy based on indicators that include Alligator, the brilliant technical tool developed by Bill Williams, as well as the RSI oscillator which is applied simultaneously in two different sets of settings. We must note that the use of the second oscillator is necessary for additional confirmation. The RSI shows a new one-way “impulsive” trend starting on the market, which allows to conclude a transaction with a high guarantee of profit. This means you get an effective tool for market forecasting which will ensure profit in more than 85% of transactions.

How to build a trading template

Since the system is an indicator system, you will need a terminal equipped with a set of technical analysis tools with modifiable settings and an option to switch between timeframes. To build a template, you need to choose a highly volatile asset with a definite trend. After that, add the following technical tools to the quotation chart:

– Alligator: standard settings;

– RSI: standard settings;

– RSI: period 28, marks 50/50.

It is best to choose a 15-second interval on the chart. The settings will result in the following markup:

A simple strategy for binary options Bronx: the rules for concluding transactions

Despite the fact that the template of this system seems difficult, the signal indicators of technical tools have an unambiguous format, allowing not only to determine a new trend on time, but also conclude a contract at the most profitable level. First, you need to wait until the moving in the window of the additionally set RSI indicator breaks the trend level 50. The moving of the classic RSI will display a definite direction of the trend after it makes a turn at (or near) the extreme level; the Alligator lines will intertwine and start moving in the same direction as the other two indicators.

A CALL option contract (predicting increase of the price) is purchased when:

– The line of the additional RSI starts moving above the trend level;

– The line of the classic RSI makes a turn around level 20 and displays a tendency toward growth;

– Alligator movings makes a turn in an upward direction.

Conclude a CALL contract (transaction UP) on the Binomo terminal only after all elements of the complex trading signal appear:

A PUT option contract (predicting decrease of the price) is purchased when:

– The line of the additional RSI starts moving above the trend level;

– The line of the classic RSI makes a turn around level 80  and displays a tendency toward decline;

– Alligator movings makes a turn in a downward direction.

Conclude a PUT contract (transaction DOWN) on the Binomo terminal only after all elements of the complex trading signal appear:

Expiration and Money Management

Since this system uses a 15-second timeframe for the analysis of the market, the optimal expiration time of the contracts will be 2-4 minutes. During this time, the quotes will “travel” the necessary distance in the predicted direction, and won’t have time to return to the level of conclusion of the transaction before the end of the expiration period. Also, this strategy can be used with a 5-second timeframe: in this case, the expiration of the contract can be reduced to 1-3 minutes.

In terms of risk management traders should adhere to the classic rule: the optimal value of one contract is 3-5% of the amount of the deposit. If the amount of trading funds is insufficient to comply with this rule, you can trade with $1 contracts, and such option is available at the Binomo platform.

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“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”