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“EndOfDay” – moving average based, end of day binary options strategy is a very simple yet stress free trading strategy. However, it does require the trader to look for the right signals, which can either occur early into the day or just a few hours before the end of the day.
If you prefer to make use of a slower approach to trading binary options, then this strategy makes perfect sense. It is also beginner friendly because it makes use of just two indicators (moving averages and ADX) and is very simple to implement.
For Call options
For Put options
Place the contract (Put or Call) on the next candle open. Best results are when the moving average cross over gives a signal first and then the ADX falls or rises above 33.
A very simple and smart trading strategy, which when applied correctly can result in some great profits. It is however essential that you place your binary options trades as soon as the new candlestick opens.