The “Fork” System Strategy for Binary Options

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The “Fork” System

We would like to note that our binary trading system has nothing to do with trading strategies in the price fork that use pure mathematical manipulation of the price of the contracts; such systems have different names and are not effective in binary trading. Our “Fork” system is built on a simple chart service, which is on the Binomo broker’s platform and is a great tool for generating high-precision forecasts for turbo options.
A broker for trading on the “Fork” system.

Besides having the necessary technical service on the platform for building trading strategies, the broker differs from the competition in its reasonable trading conditions: a minimum of 10 USD to open a trading account, and an initial 1 USD for trading positions. These trading conditions provide a wide range of possibilities, among which, of course, the following stand out: the availability of binary trading – a market participant can start the process with a minimum investment and efficient capital management – the trader, having contracts of the minimum value at their disposal, can select optimal risk management regimes in a specific market situation and, as a result, trade on the options market with maximum efficiency.

Building a “Fork” system template

So, we choose an underlying asset on the trading platform with fairly high volatility and good payment contracts. Ideally, we use the EURUSD pair, and with the help of the chart service, we draw market levels. This is done by connecting the maximum and minimum market points in the beginning of trend movement formation, as illustrated in this screenshot:

As you can see, we simply connect the three market extrema points and obtain a fully formed market price channel in which quotes will continue to fluctuate during trend movement. It should also be noted that the fork loses its relevance in the case of breakdown of one of its borders. In this situation, we build a new channel, which is also indicated in the example. Now, we add a filter indicator to the chart, and proceed to study the signals. As an auxiliary technical means, we use the standard MACD indicator.

The “Fork” system for binary options – trading signals

Signals to register a binary option DOWN:

  • The asset price touches the upper border of the fork’s price channel
  • The oscillator lines cross in a downward direction on the fear indicator

Options are registered upon the formation of a complete combination of signals:

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Signal to register a binary option UP:

  • The asset price touches the lower border of the fork’s price channel
  • The oscillator lines cross in an upward direction on the fear indicator

Options are registered upon the formation of a complete combination of signals:

The combination of trading approaches based on technical analysis and indicator strategies that are used in the “Fork” trading system help you achieve the maximum effectiveness of the strategy, which, on average, fluctuates in the range of 85-90% profitable trades overall. These performance indicators help quickly build up working capital in your trading account.
The “Fork” system demonstrates the highest rates on short-term turbo options. The optimal period of expiration in order to maximize the efficiency of the system is 60 seconds. During this time period, quotes cannot make sweeping or impulse fluctuations within the fork channel, which allows for guaranteed profitable trading positions.

Money management

Turbo options, and high-frequency binary options trading in general, differs in its high level of trading risk. To ensure your working capital is not subjected to deep drawdowns, minimum trading transactions should be used. With this in mind, the Binomo company has set the initial value of a contract at 1 USD, which, as we have said, provides ample risk management capabilities for any volume of trading capital. If you are an aggressive trader and have a large amount of trading capital, the level of risk can be set to a maximum value of 3% of your total balance. This level should be considered the maximum possible and breaking it is not recommended, as it can lead to a total loss of your balance.

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Using Andrews’ Pitchfork For Market Analysis

For most traders Andrews Pitchfork is a technical analysis tool you may have applied to your chart once or twice, fooled around with it, but couldn’t really understand what it was supposed to do. Well, basically it provides support and resistance levels, and can therefore be used to confirm trends and spot reversals.

Andrews’ Pitchfork

The indicator is named after the founder Alan Andrews, and is aptly named as it looks like a pitchfork.

To use the tool we must isolate three points. Say we want to apply the pitchfork to a current uptrend. Looking back on our chart we locate a bottom, near where the uptrend began–this is point 1.

Points 2 and 3 determine how wide the forks are on our pitchfork. Point 2 is attached to a high point before a pullback, and then Point 3 is attached to the low of that pullback.

The pitchfork is now drawn, and shows areas of likely support or resistance. As long as the price stays above the pitchfork bottom, the uptrend is in place. If the price drops out of the pitchfork, then the uptrend has likely begun a reversal.

Figure 1. S&P 500 with Andrews’ Pitchfork – Daily Chart (click to enlarge)

The chart above shows the indicator, and how it is used. Points 1, 2 and 3 mark the start of the uptrend and the first pullback, which then provide a guide for the rest of the trend. Since the price is staying within the pitchfork we can assume the trend is still up. When it breaks below the pitchfork–especially since the fork has held for so long in this case–we can assume the uptrend is over.

While a daily chart is used, the pitchfork can be applied to any time frame.

Interpretation

The uptrend is now defined, and the lower fork should provide support, and in this case it does.

How the price is moving between the forks also provides insight. The middle fork acts like an average. So if the trend is strong, the price should be reaching the middle fork on a regular basis. If the price makes it to the upper fork, or frequently trades above the middle fork, the trend is very strong.

If the price begins to only move between the lower fork and middle fork (without moving above) then the trend could be weakening.

As indicated prior if the price drops below the lower fork in an uptrend, then the trend could be reversing.

The opposite would apply for a downtrend. The top fork provides resistance for the overall downtrend, and if the price breaks above it, the downtrend may be reversing.

For the downtrend, you want to see the price dropping below the middle fork occasionally to show the trend is strong. If it trades between the middle and bottom fork the trend is strong. If it begins to only trade between the middle and top fork, then the downtrend may be weakening.

Fine Tuning

There is leeway in drawing this tool, because using slightly different prices for points 1, 2 and 3 can make a big difference in the angle of the pitchfork.

If you draw a pitchfork on an uptrend, and the price keeps breaking through the bottom of the pitchfork (for example) but then the price keeps going higher after, then uptrend is still intact, and it is your pitchfork which needs to be adjusted.

Start with point 1. See if you can change it to a slightly different starting point so that the bottom fork aligns with major swing lows you see on the chart. If you refer back to figure 1, notice how the bottom fork aligns nicely with the lows? That is because I slightly adjusted point 1. I didn’t put point 1 at the exact low of the move.

If point 2 or 3 were based on a very small pullback it is inevitable a larger pullback will develop at some point. Once that pullback has occurred, and you can see the trend is still up, points 2 and 3 can be placed on the bigger pullback, since this will give you better idea of when the trend is actually reversing in the future.

Ultimately, you want a pitchfork on your chart that is useful. Since markets don’t move in perfect synchronous patterns, sometimes that means we need to fine-tune our indicators so they are useful on the price chart we are watching.

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    Only For Experienced Traders!

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