Graphical Services For Analysis In Binary Trading
To analyze trading quotes in binary trading, a wide range of instrumental services is used — from indicators of automatic analysis to graphic and semi-automated services for identifying market patterns. Strategies and approaches to high-performance trading in the binary market are created based on these tools. Today we will discuss a set of graphic tools that provide ample opportunities in building trading systems in the binary market and use the graphic tools service on the terminal of the Binomo broker as an example, since it’s one of the most perfect in terms of content and efficiency.
As part of an effective update for its trading platform, the binary options operator Binomo has offered traders a set of graphical tools for performing highly efficient technical analysis. These tools includes:
- Traditional graphic tools such as lines, rays, geometric shapes, tools for drawing on the chart
- Semi-automatic tools such as the service for calculating Fibonacci levels, tool for constructing the Gartley (butterfly) pattern, the Fork (a tool for constructing regression channels)
Such tools have the highest possible efficiency performance in terms of developing and applying highly professional trading strategies in binary trading. Here are some classic techniques for using graphics services.
Graphical analysis tool the «Line»
This is an indispensable service for fans of the “Price Action” strategies or the clean chart analysis. This service is often used to build a variety of trend levels on trading quotes or geometric patterns to predict market fluctuations. The classic strategy on the graphic line is trading on the trend levels. Interconnection of lines of the market highs and lows within a certain period allows you to determine the price levels of the market movement, to which the chart reacts with bounces in the opposite direction:
Another way of applying the “Line” graphical tool is to use it to build channels of of the underlying asset price movements. With this type of strategy based on graphic service the trader receives trading signals for both directions of the market movement:
The high level of efficiency of this trading system format is worth mentioning — on average, investors can get a stable result of 85% profitable options.
Graphic tool «Rectangle»
This analysis tool is mainly used for strategies based on the definition of zones (for example, market consolidation or the zone of trading sessions price limit). For example, take the classic strategy in the consolidation zones. As the main strategy-building tool, “Rectangle” has a very convenient format and allows you to clearly delineate specific periods of market fluctuations with a narrow range:
Using the signal in the form of a breakdown of the boundaries of the consolidation zone, outlined by the graphic tool “Rectangle”, you can easily get more than 87% of profitable options.
Now let’s take a look at several techniques for using semi-automated analysis services, Fibonacci levels and Fork in particular.
Graphical services for analysis — Fibonacci levels
It should be noted that the semi-automated service featured on the Binomo broker terminal has several formats of building, which widens its capabilities in market analysis. Professional traders are well familiar with this mathematical method of determining levels of quotations reversals. However, among the binary market operators, this tool is only available on the Binomo platform. The classical strategy of trading on Fibonacci levels has the simplest format of signal generation:
- first build a markup grid of levels on the trading chart:
- use the turns of the price at significant levels as trading signals:
This mode of generating forecasts has an efficiency level of over 85%, providing lots of opportunities for the trader in developing and applying his own professional trading strategies and achieving stable trading results.
Graphical tool «Fork»
This semi-automatic tool featured on the Binomo platform is aimed for constructing regression channels that not only outlines the extreme values of the price indicators, but also the average values of the asset price which the quotes are constantly trying to approach. As a result, the set of indicators and patterns of the asset price movement, determined with the use of the “Fork”, can bring up to 90% of profitable options. Methods of trading on trend levels are used as the trading signals here (rebounds and breakthroughs):
We’ve only given several classic examples of using graphical services on the Binomo platform (visit website) with the highest possible efficiency. However, the list is much wider, since such a set of technical analysis tools allows investors to independently develop and improve their own trading strategies.