Technical Strategy For Trading Contracts For 1 Hour «Whirlpool»
Trading binary contracts for 1 hour isn’t very popular with scalp traders. However, their use in trade will enable you to get extra profit, which will accelerate the growth of your investment capital. In addition, the work with trading positions with a long expiration enables to diversify the financial risks of trading and opens up a possibility of a more stable profit. Well, we’d like to offer you the Whirlpool system. It will give you an opportunity to determine the medium-term price trends of the market for any financial asset.
Strategy indicator services
In order to trade in the medium term, several critical indicators need to be determined. For example, these are the overall likelihood of a trend development within an hour and the specific level for opening a trading position where the market will offer the most optimal conditions. For this purpose, several trend indicators are used in the Whirlpool strategy in addition to a highly effective technical oscillator. In this mode of market assessment, you’ll be able to generate an accurate trading forecast based on these technical indicators. To create a technical strategy template, you need the following services:
- 8x MA: This technical indicator up to 8 moving averages are used at once, and all of them have a wide range of settings. At the same time, the author of the service used not only different periods of the moving averages but also formats for the calculation of indicators and technical shifts in the construction of service indicators. Thus, the developer has created a multifunctional service capable of simultaneously evaluating the market in different timeframes. Thus, we get a high-quality service for determining mid-term trends and precise entry points to the market.
- Fibline Glance: this indicator service is designed to calculate the price channel based on the Fibonacci level formula. In this trading system, it’s used for generating signals.
- Snabbel_RSI_EMA: as usual, we use the oscillator in this strategy. It’s necessary to determine market noise, filter it and obtain high-precision technical signals of the strategy. In this case, we use a professional service, created on the basis of the classic RSI and the moving average, calculated according to an innovative technical algorithm.
After the full adjustment of the trading chart of the underlying asset, we will get the following markup:
Now, let’s talk about technical indicators of the strategy. You won’t find such analysis services on any trading platform for binary trading. Therefore, you will require an additional resource that allows you to download indicator tools or a professional website that offers access to the specified analysis services. We recommend a proven option – the site tradingview.com.
To open a long trading position, use the following signals of the technical indicators of the trading strategy:
- Fast lines of the 8x MA analysis service along with the trading asset quotes have crossed the slow moving averages of the indicator as well as the narrow price channel formed by the technical analysis tool Fibline Glance upwards.
- The oscillatory moving averages Snabbel_RSI_EMA are demonstrating a steady upward dynamic of construction with a relatively high divergence of lines between themselves:
To open a short trading position, you require the following signals of the technical indicators of the trading strategy:
- Fast lines of the 8x MA analysis service along with the trading asset quotes have crossed the slow moving averages of the indicator as well as the narrow price channel formed by the technical analysis tool Fibline Glance downwards.
- The oscillatory moving averages Snabbel_RSI_EMA are demonstrating a steady downward dynamic of construction with a relatively high divergence of lines between themselves:
The main range of generating technical forecasts of the strategy is 1 hour. However, such a long period of contract redemption allows you to work with trading positions with a shorter redemption. So, you can work optimally with contracts with the expiration of 15 minutes and 30 minutes.
The high predictability of the medium-term trend movements of the market makes it possible to use contracts with higher financial risks for trading. We recommend you to limit the maximum value of a contract to a level no higher than 10% of the amount of your investment capital. If your trading account doesn’t allow the use of positions with such a value, use contracts with the lowest price.