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1 Traderush Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5 $ 200,00 Read Review Visit Site
2 StockPair Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5 $ 200,00 Read Review Visit Site
3 24Option Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5 $ 250,00 Read Review Visit Site
4 OptionBit Rating: 4Rating: 4Rating: 4Rating: 4 $ 100,00 Read Review Visit Site
5 OptionFair Rating: 4Rating: 4Rating: 4Rating: 4 $ 250,00 Read Review Visit Site
6 AnyOption Rating: 4Rating: 4Rating: 4Rating: 4 $ 200,00 Read Review Visit Site
7 Banc De Binary Rating: 4Rating: 4Rating: 4Rating: 4 $ 250,00 Read Review Visit Site
8 CitiTrader Rating: 4Rating: 4Rating: 4Rating: 4 $ 300,00 Read Review Visit Site
9 ZoneOptions Rating: 4Rating: 4Rating: 4Rating: 4 $ 250,00 Read Review Visit Site
10 GlobalTrader365 Rating: 4Rating: 4Rating: 4Rating: 4 $ 200,00 Read Review Visit Site
11 Goptions Rating: 4Rating: 4Rating: 4Rating: 4 $ 200,00 Read Review Visit Site
12 GTOptions Rating: 3.5Rating: 3.5Rating: 3.5 $ 200,00 Read Review Visit Site
13 EZBinary Rating: 4Rating: 4Rating: 4Rating: 4 $ 250,00 Read Review Visit Site
14 EZTrader Rating: 4Rating: 4Rating: 4Rating: 4 $ 200,00 Read Review Visit Site

Traderush
Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5
Traderush

TradeRush was found in 2011 but it already looks like a mature Binary Options broker. Traderush has their headquarters in Cyprus, I don’t think there’s a big problem since I’ve always been using broker from Cyprus, so far they’ve treated me nicely. SpotOption is their chosen platform with at least 85 different assets and a […]

Min Deposit:
$ 200,00
StockPair
Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5
StockPair

Talking about stockpair.com, we could consider it as the king of stock pairs trading in binary options. Besides regular assets like Forex Pairs, Commodities and Indexes, StockPair also includes the trading of relative strength between 2 stocks. Stockpair is very similar to Forex that we look at the relative strength of two assets and measure […]

Min Deposit:
$ 200,00

24Option

Rating: 5Rating: 5Rating: 5Rating: 5Rating: 5

24Option is one of the first Binary Options Brokers to arrive in 2010. 24Option is regulated and uses TechFinancials Trading Platform, which is considered one of the best trading platform available to date. 24Option has superior payout which’s up to 95%, this’s significantly higher than other Binary Options Brokers which offers payout varying between 71% […]

Min Deposit:
$ 250,00
Read Review Visit Site
 

OptionBit

Rating: 4Rating: 4Rating: 4Rating: 4

OptionBit came into light as a Binary Options broker in 2010 in Cyprus. They are not regulated but they have CySEC to keep an eye on them. OptionBit use Tradeologic platform, which I don’t think is the most regular Binary Option platform but an easy-enough-to-use one. Their payout is somewhat the same as an average […]

Min Deposit:
$ 100,00
Read Review Visit Site
Latest Posts
Cobra binary options strategy
July 20, 2014 7:38 am|Comments (0)

Recently, I has been consulting Forextradingresources.com for some helpful binary options trading strategies. This site is home to a wealth of trading strategies, which you can easily access from the homepage. The strategies are classified into categories, such as patterns, scalping techniques, and trend following strategies, which is also my favourite. On visiting the category of trend following strategies, I was impressed by the amount of strategies this site offered, which is, up to now, 139 ones, with interesting names like Koala Forex System, Quadpips, the Boomerang, and today’s choice, the Cobra.

What Is The Cobra Trading Strategy?

The author of this strategy has the username of ‘Joy22’. This trend following strategy only takes signals that are in line with the trend, thus minimizing risk by capitalizing on market momentum. This short term trading system takes advantage of trends that occur over the course of only one or two days.

In the system, there are a one-hour chart and a 72 bar (hour) moving average to help determine the current trend. When the price is above 72 hour moving average, meaning the trend is up, bullish trades should be made. In case the trend is down, which means the price is below the moving average, only bearish trades should be made.

Cobra binary options strateg

The strategy also makes use of other indicators, such as a complex set of simple and exponential moving averages, and a 14 bar ADX applied to the ‘Typical Price’, which is the average of the high, low and close of each bar. The moving averages created a signal line that includes a buffer zone for extra safety. Signals should only be taken when price action moves beyond the buffer zone.

How Does The Cobra Work?

After your system is properly programmed for this strategy, the rest is quite simple. Trades should only be taken with the trend, which is set by the 72 hour moving average. During periods when price is above the moving average, and the trending is higher, you should wait until it retreats to the signal line/buffer zone and then bounces back out. The signal occurs with the first candle that opens and closes outside of the buffer zone. The same rule applies to a bear signal. When the price is down, wait until it climbs back to the signal line and bounces out of the buffer zone.

Why this System is a good choice?

The good thing about this system is that it works, apparently. Moreover, it makes use of a collection of signals to help determine trend and entry, which then reduces risk and capitalizes on the day to day trends in the currency markets. The advantage is that the signals are clearly defined and easy to spot.

Another thing I like about this strategy is that it takes more than a simple touch or bounce from the signal line. The Cobra strategy is better than other strategies because it does not leave identifying the actual signal open to each trader’s interpretation. I also think the author is a genius when using the high and low moving averages in order to create the buffer zone.

Disadvantage 

The Cobra system’s major disadvantage is that if you want to use it, you need a highly adaptable trading platform. Since it requires a lot of programming in order to get the special moving averages and the ‘typical prices’, inexperienced and new traders may not have access to this trading system.

Another point that is worth mentioning is that although you are told to use an ADX applied to the typical price, the strategy never actually tells you what you should do with it.

My Last Words On The Cobra – BITES!

The Cobra strategy appears to be a good system for short term binary options traders, as long as you have enough experience and the right chart package to make use of it.

Its major disadvantage is that new traders may not be able to use it, because very few newbies are willing to shell out dough for trading software, especially when they can start with a free charting package.

Putting all those drawbacks aside, I really appreciate the effort of Joy22, the author of such a good strategy. In case you wonder, the Cobra strategy is an approved strategy for binary options. This strategy work wonders with OptionFair and uBinary.

Bollinger Bands and Momentum
July 17, 2014 7:34 am|Comments (0)

When Volatility Meets Direction

In the collection of binary options trading strategies, there is some that earn the title ‘Holy Grail’, because they are capable of making sure money for traders. These ‘Holy Grails’ often has the accuracy rate of 99% or higher. In my opinion, the real Holy Grail is a strategy that not only works a sure personal ATM machinebutis also suitable to the user himself. In today article, I am about to review a strategy called “60 minutes Bollinger and Momentum” that I found on forexstrategiesresources.com. Check out how it works to see whether it is the Holy Grail for you.

How to use the 60 minutes Bollinger and Momentum strategy

This strategy utilizes two technical indicators that can be found on the Meta Trader 4 platform without any installation or extra effort: the Bollinger Bands, as the name suggests, and the Momentum indicator, which is a bit less popular. In case the term Bollinger Bands sounds unfamiliar to you, visit the link above to see whether the information there would be of any help to you.

As for the Momentum indicator, it offers us clues about the trend and strength of a move. The original author of this strategy utilizes the default settings for Bollinger, and set the Momentum to 11. The strategy mentioned in this article, however, was created especially for binary options, so another factor is recommended: the expiry of 60 minutes (the time frame in the chart is 15 minutes). After plotting the indicators, the result you get should look like the chart below:

Bollinger Bands and Momentum

Once price crosses the middle Bollinger band, and the Momentum indicator agrees and is on the right side of the 100 level (which means over 100 for Call options and under 100 for Put options) a trade should be entered. In other words, we need two conditions for each trade to be entered.

For a Call, the price needs to cross the middle band upwards and the Momentum needs to be above 100. On the contrary, for a Put, the price need to cross the middle band downwards and the Momentum needs to be below 100. In the chart above, you can notice that I have drawn a dotted vertical line where price crosses the middle Bollinger band, but the Momentum is below 100. The two conditions are not met fully, so we do not take a Call. Keep in mind that the price has to cross the middle band, and the Momentum has to be above or below 100.To make easier for you guys to remember, I provide a summary below:

Call entry:

  1. Price crosses upwards the middle Bollinger band
  2. Momentum indicator is above 100 level

Put entry:

  1. Price crosses downwards the middle Bollinger band
  2. Momentum indicator is below 100 level

Expiry time: 60 minutes. The chart time frame is 15 minutes so we have a 4 candle expiration time.

How about the drawback of 60 Minute Strategy?

In my opinion, the Bollinger Bands are not utilized at their fullest potential, since this strategy does not take the distance between the bands into account. During volatile market times, the bands tend to spread apart, whereas they tend to contract when the market is slow. Some of you may have noticed from the chart above that the worst trades are taken when the bands are rather close together and moving sideways, which are signs of a slow and ranging market. ITM trades begin to show up when the market has direction.

What is the advantage of 60 Minute Strategy?

The author of this strategy recommends an expiry time (which is longer than 60 seconds, fortunately) and a chart time frame of 15 minutes because he or she aimed to develop it for Binary Options from the beginning. From what I know, a 15 minute chart is capable of offering you trades throughout the day, while still keeping you out of all the noise that is inevitable on a 1 or even 5 minute chart. Even though the author did not take the distance between the bands into account, there is nothing preventing us from doing it. These Bollinger bands are good at both gauging market volatility and keeping us from entering when they contract.

In conclusion – Would I use it?

To be honest, I would not use this strategy as it is now, because it does not fully utilize the Bollinger bands, and partly because I never actually like the Momentum indicator. Nevertheless, this strategy itself is very good, but it can still use some improvements. Good luck using this strategy! This strategy work well with Banc de Binary!

Bollinger Band Scalp Strategy for Binary Options Trading
July 14, 2014 7:30 am|Comments (0)

Traders usually name some popular currency pairs based on their characteristics. Among such pairs is the GBP/JPY, which is often called “The Beast” or “The Dragon.” You may wonder why it deserves such a name. It all comes from the pair’s volatility. The fact that it moves like a beast with an average daily range between 100 and 200 pips enables the pair to render you broke or turns you into a millionaire in a matter of days. New traders are, therefore, not advisable to get anywhere near this terrifying pair. That being said, we could still trade this pair in a smoother and somewhat easier manner by using binary options, which could produce smaller losses compared with Forex because of the pair’s volatility.

All in all, the GBP/JPY “Dragon” pair is dangerous yet very attractive to traders, who have made every attempt to “tame” the Beast. That is how the scalping strategy was made, which include making use of a short time frame, such as 1 minute, to scalp. Keep reading on to learn more about this scalp strategy.

How to use the Bollinger Band Scalp strategy?

This strategy uses three Bollinger Bands with the following settings:

Bollinger Bands 1: period 50, deviation 2 – Red

Bollinger Bands 2: period 50, deviation 3 – Orange

Bollinger bands 3: period 50, deviation 4 – Yellow

Bollinger Band Scalp Strategy for Binary Options Trading

Once you have added each Bollinger Band separately using the settings above, you should get the result as below:

Based on the chart, next we are going to search for a touch and break of the Red Bollinger Band, and for places where the price goes at least half way between the Red and Orange outer Bands. On the article I found, the author says that a touch of the Yellow Band would be even better, though less frequent. After the condition is met, we will proceed to trade in the opposite direction and aim for a reversal that would be able to bring us a profit. Below is the summary of the rules:

Put Entry:

  1. Price pierces the Upper Red Bollinger Band and goes at least half way to the Upper Orange Band

Call Entry:

  1. Price pierces the Lower Red Bollinger Band and goes at least half way to the Lower Orange Band

Disadvantage

Some of you may have already realized that this is a pure counter trend strategy. Some features of it still make it possible for “the Beast” to destroy our account, especially during strong trending periods, such as the total disregard of trends, the lack of filtersfor identifying a strong trend. It is thus even more dangerous for newbies who do not have the experience and knowledge to identify a trend. In the case of the chart above, we can see a ranging market that is producing very good signals; therefore, we could generate ITM trades by using a 5-minute expiry (keep in mind that the strategy uses only 1-minue chart for entries).

Advantage

The strategy does have its good points.Traders that are capable of identifying a ranging market or one that is not very strong trending could generate very amazing profits. The reason is that in a ranging market, price will fluctuate between the Bollinger Bands, and that’s when quick money will be made trading against the latest move. It is important to remember that a one-minute chart contains a lot of noise and trends are rarely seen in such charts. This is where the Bollinger Band Scalp Strategy excels on: market noise. You can make money using this strategy as long as price does not move in a single direction for an extended period of time. I do not recommend this but some of you may want to start by experimenting with 60-second options, even though the usual expiry time should be longer than the time frame of the chart in which you are looking for signals.

Wrapping it up – Is the Beast Tamed?

In my opinion, the success of a strategy, including this Bollinger Band Scalp strategy, still depends mostly on the trader using it. In this case, the difference between amazing profits and destructive losses lies in the determinationof whether the market is trending or ranging. I think the strategy earns its advantages from the 1-minute time frame, which is characterized by a lot of noise and sharp reversals, but I still recommend you to test it first before using it. After all, it is just what I think; you can do anything you feel like. Good luck! This strategy work best with StockPair and Cherry Trade.

Binary Options Forex Break Out System
July 11, 2014 7:10 am|Comments (0)

In this article, you will learn some basic knowledge about binary options break out strategies for newbies, including what they are and how to trade using them. Break outs can be perfect in capturing quick moves and generate big profits.

What Is A Binary Options Break Out

Break outs are one of the many great ways to trade in Binary Options trading, because they are easy to spot, normally come with specific targets, and can be found during any time frame. It is important to remember that there are several types of break outs in the market. In theory, any kind of indicator or strategy could produce something equivalent to a ‘break out’.

To make it simpler for newbies, I would like to start by giving the definition of a break out, and then talk about break outs in different time frames. Then I will proceed to put everything together with strategy. The next step is application of what we have learned: we will discuss a specific tool or strategy where we can apply the break out theory.

A break out occurs when the price of an asset moves away from a determined area of support or resistance, such as when an asset forms a bottom, a top, makes a continuation pattern, escapes from a trading range, or moves past support/resistance. Break outs can occur in any market, during any time frame.

Once they have been identified, they can generate dependable targets (which also mean dependable expiries) for binary trading. We can define break outs using a wide range of technical indicators, including chart patterns, support and resistance lines, oscillators, trend lines and other trading tools. The key to this is identifying an area in which price action has been contained.

To make it easier to understand, let’s imagine a steam engine. While the steam is contained within the boiler, it builds up pressure, which when released causes the engine to move. The break out strategy is essentially the same. When price action is contained within a consolidation area, it will churn within the determined range until it bursts out. It can be difficult sometimes to tell which direction the break out will take place in. As a result, traders should wait for it to happen before trading on the signal. Once a break out is confirmed, however, you should be able to make reasonable predictions of target based on the height of the previous consolidation pattern.

  • Types Of Breakouts – beside the mentioned break out types, there are also channel, envelope and Bollinger Bandbreak outs. These kinds of analysis provide us with limits that price action can ‘break out’ of. These break outs are equally valid as any other kind. They can provide clear signals and potential targets.

Where Do You Find A Breakout

Breakouts can be short or long in term of duration, and can be found in any time frame. Normally, they would occur during or because of an expected news event, or at pre-determined areas of technical support/resistance. Once you have identified a consolidation area on your chart, check the calendar and see whether there would be any scheduled news event that could affect price action.

The next step is a bit more difficult: you need to wait for the event to see which direction the prices go before actually trading. If the prices break to the upside or the downside, you could then trade calls or puts, respectively. Keep in mind, however, that we are talking about breakouts in general. This strategy work really well with this binary options platform.