Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals

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 Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals Binary options require discipline and a clear system. In the new article, we analyzed a strategy that combines classic indicators and modern signals, which allows you to reduce the number of false entries. 🔹 Strategy indicators: Bollinger Bands (15,2) - help determine the trend and support/resistance levels. CCI (20) - a momentum indicator, confirms BB signals. 🔹 Entry signals: SELL: price at the upper BB border, breaks the middle line downwards, CCI < 0. BUY: price at the lower BB border, breaks the middle line upwards, CCI > 0. 🔹 Trading recommendations: Avoid trades 30 minutes before and after the news. Open several options with different expirations during the trend. Use early closing on opposite signals. 🎁 Readers can use the binarystrategy promo code for a 60% discount on the vfxAlert service. 👉 Read more in the full article: https://blog.vfxalert.com/en/t/simple-binary-trading-strategy-...
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Rainbow Moving Average

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 When considering approaches to capitalize on binary options, newcomers often concentrate on acquiring expertise in trending strategies.

The Rainbow Moving Average (RMA) indicator can offer a comprehensive overview of market trends through the utilization of a series of color-coded moving averages. This simplifies the intricate process of technical analysis.

RMA combines multiple Simple Moving Averages (SMAs), each representing a distinct timeframe. The visual appeal of RMA lies in the colors associated with each SMA, creating a vibrant rainbow on charts. Short-term trends are represented by warmer colors, while cooler hues depict longer-term trends.

RMA excels at assisting traders in identifying trends by smoothing out price data. When short-term lines surpass long-term ones, it signals a potential uptrend, and vice versa.

A break in price above the RMA from bottom to top or entry into the "cloud" of the indicator indicates an upward trend, suggesting consideration for a call option. Conversely, if the price is below all moving averages or enters the "cloud" from top to bottom, it suggests a downward trend, prompting consideration for a put option.

It's crucial to note that trend tools, even with varying parameters, should not be the sole factor for initiating a new option. It is recommended to seek additional confirmation, such as signals from the vfxAlert binary signal software, which accurately considers overbought/oversold situations and volatility dynamics.

For more in-depth guidance on utilizing RMA, you can find further information in our blog.

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