Beginners often install many indicators, arrows and alerts on the chart, believing that this will help them make the right decision. However, contrary to popular belief, bombarding oneself with excessive information doesn't necessarily translate into improved trading results. In fact, simplicity often proves to be the key to achieving stable profits in this arena. Instead of drowning in a sea of complex indicators and signals, use strategy focuses on a few simple yet powerful tools to guide trading decisions, example:
- Parabolic SAR. Determine the direction of the short and medium-term trend. Indicator points are below the price and directed up - an uptrend. Higher prices and directed downward - a downtrend.
- Donchian Channel (DC) − the horizontal direction of the DC lines confirms the presence of a flat, the breakdown of center lines will be the binary signal of its end. If the range is wide enough, you can open options to roll back from the borders. This method is recommended only for experienced traders!
- Vortex. The indicator consists of two lines showing the direction and strength of the trend. By default, the uptrend (viPlus) line is green, for the downtrend (viMinus) it is red. The line at the top shows which trend is currently on the market. The beginning of the flat will be the intertwining of lines as in "Alligator" followed by a horizontal movement.
Use vfxAlert to finally confirm the signal and open the trade in one click. To download vfxAlert signals, click here.
Options trading signals:
- CALL option. The price is above the P-SAR and the Donchian middle line. On Vortex, the viPlus line is higher than the viMinus line - there are more uptrend buyers on the market.
- PUT option. Opposite auto binary signals: The price is below the Parabolic and Donchian Channels middle line. Vortex shows dominance of buyers - viMinus are higher than viPlus.
Watch trading video https://www.youtube.com/watch?v=6g-wuPEZ-Cc
