Today, we want to dive into a topic that's close to every trader's heart: automated trading. vfxAlert auto trade feature analyzes market data, execute trades automatically based on predefined criteria. Traders can set specific rules and conditions for buying or selling options, and the automated system will act accordingly. Auto trade helps traders to avoid emotional decisions that may lead to losses. It allows for trading to occur 24/7 without the need for constant monitoring by a human trader. Backtesting is an important feature of automated trading, allowing traders to test their strategies on historical data before risking real money. Let's look at how it works. To get started, connect with a broker. Set up signal preset and conditions for automatic trading. Then enable Auto Trade. Signal preset: Choose assets: EURUSD, USDJPY; expiry time - 15m. Algorithm: Adaptive Signal power: 3,4,5 Amount: no more than 1-3% of the deposit, then you can increas
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What are the indicators?
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Today we will consider what kind of indicators a Binomo broker has and how to properly configure them.
Let's start with the indicator:
1. Moving Average.
We apply the following settings to it:
Period: 50
Field: Closed
Type: Simple
Offset: 0
This tool is used to identify which most profitable deal will be at the moment, on Call or Put, depending on the average value.
2. RSI indicator.
We configure it by default.
It helps to identify the direction of the current trend. Alone, this indicator is rarely used, traders recommend using one or two indicators, and at the same time, they should all go in the same direction, only then we can conclude a deal.
3. Parabolic SAR.
Default settings.
Using this indicator, you can determine the reversal of the current trend. We recommend putting candles on the chart, so it will be easier for you to determine where the point of trend change.
4. Stohastic.
It is also customizable by default.
The tool helps in the selected area to determine the percentage of the extreme closing price. You can also customize the indicator for any strategy you want to use.
5. ATR.
We leave its settings by default.
Using this tool, you can determine how the market changed its direction, based on price activity for a certain period.
6. ADX.
We leave the default settings.
The indicator determines the strength of the trend, and the prospects for its development.
7. Bollinger Bands.
Settings:
Field: closed
Period: 20
RMS declination: 2
Type: Simple
The tool draws lines at opening prices, closing prices. This helps determine when it is more profitable to close a deal during a simple.
8. MACD.
Settings:
Fast period: 12
Slow period: 26
Signal period: 9
The indicator shows the convergence and divergence of the moving average on the chart. Apply to determine the price reversal on the chart.
9. CCI.
Settings:
Period: 20
Overbought: 100
Oversold: -100
Typically, the instrument is used during a flat, when the market is in a calm state, since it predicts price fluctuations in a certain place.
10. Awesome Oscillator.
We leave the default settings.
Using this tool, you can determine the strength of the price movement.
11. Momentum.
Settings are also left by default.
The tool signals a change in the price range. With its help, it is possible with high probability to determine which direction the price will go.
12. Fractal Chaos Bands.
We leave the default settings.
The indicator reduces the number of false signals, which, as you know, are often in the MACD indicator. Often used together with Bollinger waves.
13. Ichimoku Kingo Hyo.
The setting depends on the time period. Typically, traders prefer to leave the default settings.
The indicator is used to identify incipient trends.
14. The Alligator.
Settings:
Jaws (Upper): 13
Jaws (Lower): 8
Teeth (Upper): 8
Teeth (Lower): 5
Lips (Upper): 5
Lips (Lower): 3
The tool helps determine the trend and its reversal.
Indicators will help you conclude much more successful transactions than transactions that you conclude based on your own intuition. Use our tips, and you are guaranteed to increase your earnings several times. We wish you successful transactions!
If you are a beginner trader, then these articles may be useful to you, click to know even more:
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