Binary Options Automated Trendlines Indicator

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An effective way to use RSI trendlines!

In this article i want to share with you an effective way to use RSI trendlines to trade with the trend or a reversal. You already know from my previous articles that I use RSI to identify an overbought or an oversold condition. We will use again RSI for this job but now I am going to saw you how to draw simply and fast trendlines in RSI to have an extra confirmation and confidence for your online binary option trades.

Let’s go to the first screenshot. It’s from EUR/USD currency pair.

As you can see in this chart we don’t have many indicators, only our 8 period RSI for confirmation,it’s almost naked trading. Now, look at the screenshot.We have two red horizontal lines from previous supports which create a support area in this spot.When the price comes closer to this spot we should wait for a reversal.If you are a short-term trader the entry is very important, so many traders asking which is the right one. Should we wait for the price to hit the first red horizontal line?Maybe the second? We can use RSI trendlines for this reason. Look at the RSI. I drew a red trendline. As you can see the value in RSI makes lower- highs. We have a high in the beginning of the trendline, after that the value is moving down and makes a new high lower than the previous. The only thing we have to do is to connect the highs(high and lower-high) and our trendline is ready. Now, notice the behavior of the price and the behavior of the value in our 8 period RSI indicator.They agree so we don’t have a divergance. Notice that the value in RSI every time it hit the trendline makes bounces.The trendline acts as a resistance.Look at the call arrow in the screenshot. It’s the spot I took a call trade.The price hit a support level, as I said before and in this candle notice that the value in our RSI breaks the trendline. This is a reversal signal.

Let’s see more examples.

In the second screenshot we have again lower-highs of the value in our RSI and a support area in the chart, so we take a call. In the third screenhot we have the opposite condition. Look at the chart, we have a resistance in the red horizontal line and our RSI makes higher-lows, a sign that that the price is moving up now. When the price hit the resistance (the red horizontal line) notice the behavior of our indicator. The value breaks the trendline in the blue box. This is our confirmation and we take a put in this case.

You shouldn’t chase the trades, let them come to you. RSI is an indicator and just follow the price. You should be patient and wait for a clear break of the trendline. Maybe sometimes, you should wait to see how the first candle acts after the reversal and after that take your trade. Don’t forget overbought/oversold areas.

Automated Trading Software

It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.

Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.

Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.

In this article, you will learn:

    What binary option trading robots are The benefits of the best trading software How you can make more profit using them

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

How Robots Save Time

The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.

Choose a Robot Service

While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.

Download The Software

Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.

Sign-up With a Broker

In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.

Programme The Software

We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.

Sit Back, Relax And Enjoy

That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.

Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.

Trader Broker Asset Profit

How Binary Robots Work

The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.

Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.

Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.

Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.

Benefits of Automation

    Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert

There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.

This software uses complex mathematical algorithms to examine market data.

How to Find Legit Software

Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.

We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.

We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.

Frequently Asked Questions

Is robot software reliable and trustworthy?

Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.

Can they predict the right trades to make?

Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.

Will I need to pay money for good software?

No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.

What if my trading robot gets it wrong?

Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.

How do I find the best software to use?

That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.

Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

7 Binary Options

Now that you are becoming an expert at identifying trend lines and how they work, it’s time to take the next step and learn how to use them as part of your binary options trading strategy. If you learn how to do this efficiently and accurately it can lead to very successful binary options trading, but the opposite is also true and not knowing how to use trend lines strategically can lead to making many poor binary option trades.

Why is the use of trend lines a good strategy move for trading? That is because trend lines are a very useful and strong indicator tool to identify price movement; this is extremely important in binary options trading because you will win or lose on your trade based on the way the market trends after you place a put or call. Trend lines are also very useful in identifying both undersold and oversold conditions too. Remember that you will place call trades in oversold markets and put trades in undersold ones.

Many binary options traders regard trend line strategy as simplistic and feel they require little knowledge to use, but assumptions like that can get you making bad trades in no time and keep you from making the profit that you should be if you knew more about trend line strategy. This is not only true for trend line strategy, the more in depth knowledge you have of analysis tools and their use, the better chance you have at being a successful trader in any market.

Don’t confuse the simplistic nature of binary options trading with being easy to predict, that is hardly the case. So even though they involve just correctly picking the right direction price movement will go over time, there is still a lot of analysis and strategy that goes into this win/lose only situation. That is why successful analysis using trend line strategy is so important to making your binary options trades profitable.

There are two key concepts that need to be introduced to you in regards to trend line strategy; they are support lines and resistance lines. Support lines have to do with a line that is drawn through the lower end of price extremes. As you can probably guess, resistance lines are drawn through the upper ends of price extremes. A support line does just that, it indicates that it would be very unusual for a price to fall below that level. A resistance line means that it would be very unusual for price movement to go above it.

The space in between these two lines is what has become to be known as the price channel. Most traders will assume that only on the rarest of circumstances will price break out of the price channel in either direction. That is why many binary options traders will place put options when an asset price gets close to a resistance line and call options when an asset price gets close to a support line.

Simplistic yes, but it is a strategy that proves to work on a regular basis.

Start trading now by opening a FREE account on one of our recommended brokers.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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