Author Topic: What timeframe should I use for turbo 60s binary options?  (Read 50 times)

TheWolf

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What timeframe should I use for turbo 60s binary options?
« on: April 19, 2017, 11:16:17 pm »
Hi,

I am currently using candlestick charts. What duration should I use for each candlestick if I need to trade 60 second options?

Thanks!

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Satoshi

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I like to use the 20% rule. Basically, if I am trading 5 minute options, my candlesticks should be 1 minute long.
So there will 4 candlesticks before my options expire.

For turbo trades on IQ Options, I will use the 15 second candlesticks which is their shortest period available.

Using a short period candlestick allows me to see the action more clearly.

I also include the Parabolic SAR indicator to help see the short term trend without having to glance at another chart as with most other indicators. Everything I need is right next to the candlesticks. :)

Remember, in binary options, as long as the trade goes in your direction, even if it's just 0.0001, you win.

So, I believe in having up to the second information especially when you are trading the turbo options.

Hope this helps!