Uncategorized

Boom and Crash Index Trading Strategy for Deriv Platform

Navigating the volatile waters of Boom and Crash indices on Binary.com requires a robust strategy. This guide outlines a method utilizing a 1-hour chart and specific indicators to identify market reversals and potential entry points.

Essential Indicators:

  1.  RSI (1 period)
  2. MACD (12, 26, 9)
  3. Moving Average (5 exponential)
  4. Bollinger Bands (34, 1.619)

The crux of this strategy lies in recognizing V and W patterns, coupled with rejections outside the Bollinger Bands.

Initiating a Buy Position:

1. Observe oversold conditions in both moving average and MACD.
2. Spot market rejection beyond Bollinger Bands.
3. Await a V-shaped formation in the moving average.
4. Identify a V or W setup with clear market rejections.
5. Execute a buy order following at least one upward-pushing candle post V or W setup.

Executing a Sell Position:

1. Monitor overbought signals from moving average and MACD.
2. Detect market rejection outside Bollinger Bands.
3. Watch for an inverted V shape in the moving average.
4. Recognize a V or M setup with evident market rejections.
5. Place a sell order after observing at least one downward-moving candle following the V or M setup.

Broker Recommendations:

While various brokers offer platforms for Boom and Crash index trading, here are some noteworthy options:

1. IQ Option

  • Payment options: Cryptocurrencies, cards, e-wallets
  • Platform features: User-friendly interface, advanced charting, mobile trading
  • Minimum deposit: $10
See also  Important Education Loan: Student Loan Terms You are Supposed to Know

2. Deriv

  • Payment methods: Peer-to-peer, crypto, Skrill
  • Platforms: MT5, Synthetic indices, Deriv X, cTrader, Options, Multipliers, TradingView
  • Minimum deposit: $5

3. Exness

  • Payment options: Neteller, Skrill, Perfect Money, Sticpay, Mobile Money
  • Platform: MT4, MT5, Exness Trade app
  • Minimum deposit: $5

4. HFM

  • Payment methods: Mobile Money, Crypto, Cards, Skrill
  • Platforms: MT4, MT5
  • Minimum deposit: $5

5. XM

  • Payment options: Bank transfer, cards, Skrill
  • Platforms: MT4, MT5
  • Minimum deposit: $5

6. Pocket Option

  • Payment methods: Bank transfer, cards, payment apps, cryptocurrencies
  • Platforms: Demo account, Live trading, Strategy tools, Mobile app
  • Minimum deposit: $5

Remember, successful trading requires practice, patience, and continuous learning. Always conduct thorough research and consider seeking advice from financial professionals before engaging in any trading activity.

USDNGN

USDNGN is an innovative effort towards telling worldwide user about Best Jobs, International Scholarships, Study Abroad for Masters Degree, P.h.D in Canada, France, Germany, UK, USA, India, Finland, Europe, Toronto and more . Design and Created by Ishaku Nenpan on March 26, 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button