WASP
5 minute binary options trading is a kind of trading that is related to scalping as an expiration time is very short yet with many entry points and high profits.
Let’s look more precisely at the trading strategy which will assist you to cope with all unexpected situations on the market and begin earning with the help of binary options with 5 minute expiration time. So, the strategy is called “WASP”. To start trading using this particular strategy, you will need a trading platform MT4 due to which you will be capable of making graphics’ analysis of certain assets.
Trading Rules
To start trading, you need to open 1 minute time frame which is M1 on a volatile financial asset. It should be also mentioned that WASP as many other strategies should be traded after passing European or American trading sessions when asset market is the most volatile and flexible.
Indicators for 5 Minute “WASP”
– moving averages of different periods that will demonstrate the changes of short-term trends on the diagram;
– Flettr indicator demonstrates the availability of Flett quotations;
– AOACalert indicator shows developing of increasing and decreasing tendency and later will give an informative alert confirming the presence of a trend on the market;
Suitable Options
For 5-minute trading strategy WASP the most suitable are classic binary options as getting profit with them it is absolutely not significant how many points the prices have passed through in a certain direction. Along with that, traders can also use one-touch option with a condition that other time-frames are chosen.
Expiration Times
5 minutes is the expiration time for this trading system. Exactly this time is needed for diagram quotations to be gone to a certain distance from the entry point of a trade. Additionally to that this strategy is not limited with accurate time frames meaning that it is absolutely possible to pass in MT4 platform to an interval H1 and set an expiration time for 4-5 hours or open a diagram H4 and set an expiration time up to 12 hours.
All the more so, the longer an expiration time is, the higher the profit will be. Profits with 5-minute binary options is about 70%-75% whereas with 12 hours – 200%.
Money – Management
Money management rules are determining accurate guides and regulations on how to handle your own funds for trading. In our case, the limit is 3% from the size of a deposit. In such a way, having a $2000 deposit, your maximum lot in one trade should be $60.
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