So, here’s the lowdown: the turbo strategy is my go-to method for boosting profits while saving time on trades. I'm talking about cashing in on these quick short-term contracts every 60 seconds! The key? I need to predict which way the price will move in the next minute—up or down. But hey, I’ve got to be careful because the turbo strategy isn’t all smooth sailing. It can get noisy due to the fast-paced market since I'm working with tight timeframes. To filter out that noise, I use a mix of indicators.
Setting Up My Indicators for Turbo Trading
In my turbo trading, I'm using two main technical indicators from the comprehensive trading platform offered by PocketOption broker platform:
- The Awesome Oscillator—this tool helps me see how strong the price movements are.
- The moving average—this one guides me in the overall direction of the price trends.
The main game plan here is to trade on trend reversals. So, I bring in the Awesome Oscillator to back up my signals. I just click to activate the indicator with its default settings, and boom! There’s my histogram split by the zero line right below the chart.
Next, I stack three Moving Averages for my buy signal. The settings I use are: EMA 18, WMA 7, and EMA 25. To adjust these settings, I just click on the pencil icon for each MA and set the period while selecting my moving average.
I make sure to set two EMAs to the same color (yellow) and I go with red for the WMA. I use a Japanese candlestick chart and set my timeframe to 30 seconds. For those who are just starting out with binary options, I suggest beginning with currency pairs as my chosen assets.
How to Get Turbo Strategy Contracts?
Once I’ve got my setup ready, it’s game on for trading binary options. Remember, the heart of my strategy is all about trading on reversals. If the red WMA crosses both green EMAs in one direction, that’s my sign to grab a contract. The Awesome Oscillator needs to move from one side to the other on the histogram to confirm my trend reversal signal.
Heads up! The WMA has to cross both EMA lines. If it crosses the EMA 25 but doesn’t hit the EMA 18, I'm jumping in too early on the trade.
So, here’s my plan of action:
- CALL when the WMA crosses both EMAs from below and the histogram moves from negative to positive.
- PUT when the WMA crosses both EMAs from above and the Awesome Oscillator falls into the negative area.
Turbo trading happens on a 30-second timeframe.
For the best results, stick to an expiration period that’s no more than one minute.
With the turbo strategy in my toolkit, I’m racking up multiple trades each day, steadily boosting my account. But let’s not forget about risk management—trading on these shorter timeframes means I need to keep a close eye on my capital. To strike a balance between risk and reward, I only use a maximum of 2% of my account balance on any single trade.
