If you are trading for a while by now you must have realised that achieving success in trading requires more than just a piece of luck. Your success in trading also involves multiple factors such as trading strategy and money management.
Therefore In this article, I am going to share one of the most powerful Binomo trading strategies or you can call it my Binomo hack.
Binomo income proof
I have been in the field of trading since 2017 and in these six years, I have tested multiple trading platforms. Given above is the screenshots of the payments I have received from multiple trading platforms.
For my Binomo hack, I am going to use the two most powerful trading indicators
1> Parabolic SAR: Parabolic SAR is one of the popular trading indicators that uses a series of dots and oscillates around the price either above or below the same. You can easily identify the upcoming trends and reversals using the series of dots. when the price is above the dots it signals an upcoming bullish trend and vice versa when the price is below the dots it signals an upcoming bearish trend.
2> WMA: WMA or you can call it Weighted moving average is a part of the moving average family that assigns weight to the price data. The most recent price data is assigned the highest weight whereas the least latest price is awarded the lowest.
Step 1: Include WMA and Parabolic SAR in your trading chart
Firstly, Include WMA and Parabolic SAR in your trading chart. In order, to add the two indicators to the chart follow the steps below
- Login to your Binomo chart. In case, you don’t have click here.
- Second, click on the indicator button at the bottom middle of the page.
- Third, Search and select the name Parabolic SAR from the list.
- Lastly, Click on the moving average name and select WMA as the type.
Step 2: Make necessary amendments
Secondly, make necessary amendments to your trading chart and the indicators based on your trading nature. If you are an aggressive trader you need to reduce the indicator period which increases the indicator sensitivity to the security price. Similarly, if you are a swing trader you need to increase the indicator period.
Step 3: Combine the indicators
Third, you need to combine the indicators and identify the trends accordingly.
You can consider a buy signal when both the Parabolic SAR dots and WMA line are below the price this confirms a strong trend and you can place a buy trade similarly, You can consider a sell signal when both Parabolic SAR dots and WMA line are above the price this confirms a strong bearish trend and you can place a sell trade here.