I’m glad to welcome You in first part of Binary Options system. After last one You will have signals from Your own Autochartist tool. It will required only 2 www to trade. One with Autochartist second with BO broker. There are no doubts that system is making Your chances on market much, much higher than trading without plan. Half-automated system will make You chances even bigger, adding proper Money Management will let You to earn money. For this system I choose TopOption, fully-regulated Binary Options broker with 100USD minimum deposit, but what is most important with many currency pairs and fair gains 75% – 85% Let’s begin First step is opening free demo account on FXDD broker. This gives You free access to Autochartist tool: LINK:
Than You have to go to www.Autochartist.com and click Loign in upper right corner:
Choose FXDD from broker list:
Here You login with FXDD’s demo e-mail
Now You are in Autochartist In next part I will show You how to choose proper parameters and how to make proper configuration of it. It’s very powerfully because it shows technical analysis pattern and gives signals. What is most important we know probability of this patterns! Choosing right hours of trading, patterns, currency pairs gives us key to gold mine ;).
Next step is choosing best parameters for Autochartist tool
Go to chart patterns, here You can find statistics. We will begin with patterns:
Choose this one with probability over 70%:
- Ascending Triangle – 76% probability
- Channel Down – 72%
- Channel Up – 71%
- Descending Triangle – 74%
- Double Bottom – 80%
- Double Top – 81%
- Head and Shoulders ( – 86%!
- Inverse Head and Shoulders – 83%!
- Rectangle– 85%!
Now we have patterns, it is time for pairs:
All that have over 64% and are on TopOption broker offer. I choose pairs:
AUD/USD, EUR/USD, EUR/AUD, GBP/JPY, GBP/USD, EUR/JPY, USD/JPY , USD/CAD , USD/CHF, EUR/CAD, XAU/USD, OIL/USD.
Now time for proper hours of trading. Time in stats is GMT+3
Best hours are: 4,7,9,10,11,12,13 so 1,4,6,7,8,9,10GMT. That will give us lot of free time.
Now let’s choose Time Frames:
For our trading style it will be the best to choose 15m and 30m.
Configuration of Autochartist tool
Click New Search on left side
Search for symbols 15m and 30m. It will be 12 instruments x 2 so 24.
It should looks like this:
Click Advanced Search and go down to:
Choose formations and press Create Search. Now Autochartist tool is ready and it will show us new signals every 15min. It can show both emerging and completed patterns like this:
Channel on EUR/USD is emerging so it can be completed in future. Here is completed formation:
You have now powerful tool in Your hands.
Now, just how to trade it. That will be described in the next part of the system. What options should You use depends on signal and Time Frame. You should trade just after signal or wait for retest of important level if price goes too far. There are no doubts that your chances on market are now higher.
Remember to trade only in proper hours and with proper Money Management. Do not risk more than 2-3% for one transaction.
Do not risk your own money on the very beginning. Use demo accout or write down signals and entry levels. Look how much you can earn or loose. If You start to earn than switch to live account.