binary-ex-machina / binary.com-bot

Scripts for using on Binary.com Bots.
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I need help #101

Open SupremacyG opened 2 months ago

SupremacyG commented 2 months ago

Rise/Fall Strategy

1. Setup

2. Entry Signals

3. Exit Signals

4. Risk Management

Steps to Implement the Strategy

  1. Identify the Trend:

    • Open a 5-minute chart of the asset you want to trade.
    • Apply the 5-period and 20-period SMAs.
    • Apply the 14-period RSI.
  2. Look for Crossovers:

    • Monitor the moving averages for crossover signals.
    • Confirm the crossover with the RSI indicator.
  3. Place a Trade:

    • Buy ("Rise") Trade: When the 5-period SMA crosses above the 20-period SMA and the RSI is above 50.
    • Sell ("Fall") Trade: When the 5-period SMA crosses below the 20-period SMA and the RSI is below 50.
    • Set the trade amount to $0.10 to $0.20.
  4. Set Expiration:

    • Choose a 5-minute expiration for the trade to match the timeframe of your analysis.
  5. Monitor and Exit:

    • Allow the trade to expire naturally.
    • Monitor the trade and be ready to intervene if necessary (e.g., closing the trade early if it moves significantly against you).

Example Trade

Buy ("Rise") Trade

Sell ("Fall") Trade