Engaging in turbo options or contracts with an expiration date of up to 60 seconds is widely recognized as the riskiest endeavor in the trading industry. Simultaneously, it stands out as potentially the most lucrative. Consequently, many novice traders grapple with a fundamental question: is it worthwhile to pursue maximum profit in the shortest time frame, or is it wiser to exercise patience for incremental deposit growth? Experience has shown that a considerable number lean towards the former, only to swiftly deplete their deposits, leading to a loss of interest in trading.
Engaging in turbo options or contracts with an expiration date of up to 60 seconds is widely recognized as the riskiest endeavor in the trading industry. Simultaneously, it stands out as potentially the most lucrative. Consequently, many novice traders grapple with a fundamental question: is it worthwhile to pursue maximum profit in the shortest time frame, or is it wiser to exercise patience for incremental deposit growth? Experience has shown that a considerable number lean towards the former, only to swiftly deplete their deposits, leading to a loss of interest in trading.
How to set up parameters for the Miracle Strategy
When delving into the realm of fast options, the Awesome Oscillator, translating to “wonderful” or “excellent”, often comes to mind, and rightfully so. This tool lives up to its name due to several noteworthy advantages. Firstly, it boasts an intuitive interface, requiring no intricate settings. Secondly, its instantaneous response to price changes renders it highly valuable in the realm of turbo options.
As you may have surmised, the Awesome Oscillator is the foundational tool for the “Miracle” strategy, deriving its name from this very indicator. However, the effectiveness of this technique hinges on its incorporation of a filter designed to sift through and eliminate false signals. As mentioned earlier, the Awesome Oscillator is exceptionally responsive to even the slightest price fluctuations, making it susceptible to market noise.
To address this challenge, the creators of the trading strategy devised a simple yet effective solution — a “filter” comprised of two Simple Moving Averages (SMAs) with periods of 5 and 10. This addition enhances the strategy’s efficacy by providing a mechanism to discern and discard misleading signals.
All these tools are readily available in the Olymp Trade broker’s terminal, allowing you to put this strategy into practice right after digesting the material. As for the remaining chart setup, any asset can be utilized. Employ Japanese candlesticks for chart representation and set the timeframe to 30 seconds. To enhance clarity in navigation, utilize Simple Moving Averages (SMA) in distinct colors. In this instance, color the SMA with a period of 5 in purple, and the SMA with a period of 10 in blue.
How to trade turbo options using the Miracle strategy
The system relies on the Awesome Oscillator, where the direction of the price is indicated by the color of its histogram — green for growth and red for decline. The moving averages, as previously noted, serve as a filter. A buy option signal triggers when these moving averages cross.
In practical terms, a CALL contract is recommended when the Awesome histogram bar is green, and the 5-period Simple Moving Average (SMA) has crossed above the 10-period SMA.
Conversely, a PUT option is advisable when the Awesome histogram column is red, and the corresponding moving averages cross in a downward direction.
In conclusion, the “Miracle” strategy, hinging on the Awesome Oscillator and a judicious use of moving averages, presents a dynamic approach to binary options trading with its 60-second expiration period. While it demonstrates a high accuracy rate in generating signals, traders are reminded of the paramount significance of implementing sound money management practices to navigate the inherent risks associated with short-term contracts.