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Currently, there are a large number of binary options trading strategies, but most of them, when used, show poor returns.
The Iluminate trading system was created by foreign developers in 2017 and uses complex mathematical algorithms for calculating the trend for currency pairs.
The essence of the system
This strategy is based on two indicators, Strong pairs and Illuminator.
The first one shows the strength of the trend of a certain trading instrument in real time, and the Illuminator indicator gives a signal to open trading positions.
Such a combination of strategies makes this system very reliable, because two important indicators of the situation on the foreign exchange market are used at the same time as the basis for concluding transactions.
The nuances of the strategy
Almost no options can be changed in the indicator settings, because the system has been tested for a long time and is well optimized for trading any currency pairs.
To get started, you need to install the Metatrader 4 terminal (download is better here), and then indicators and, of course, the template from the attached file for MT4.
On the chart, on the left side, the Strong pairs indicator window will be displayed, in the form of a list of currency pairs, from which you will need to select the most liquid instruments at a given time.
At the very top of the list are the currency pairs that show the strongest uptrend, in real time, while the lowest assets are on a sharp decline.
After selecting the pair for which the deal will be concluded, in the terminal window, you need to set the M5 timeframe.
The chart will show bars colored in gray, red or green.
To conclude a profitable transaction, you must wait until the gray color of the candle on the chart changes to red or green, this will be a signal to enter the market.
Further, at the opening of the next bar, you should set the appropriate trading position for an increase or a decrease.
Upon receiving a signal to open a deal, you need to go to the terminal of the binary options broker and select the expiration level of 15 minutes and make a deal, in accordance with the signal from MT4.
To further increase the accuracy of the entry, you can set the timeframe in the metatrader to 15 minutes, and the expiration time in the options terminal to 30 minutes.
At the same time, the number of entry signals will become significantly less during the day, but they will be even more accurate. When working on such a system, it is necessary to take into account the fact that the strategy is trending, therefore the recommended time for making transactions is from 9-00 to 23-00.
Also, it is not recommended to trade during the release of significant economic news, this is usually the period from 15-00 to 18-00, or during high volatility in the market.
As trading instruments, any trading pairs shown in the list of the Strong Pairs indicator are suitable, but it is better to choose the more liquid ones, these are EURUSD, GBPUSD and USDCAD.
To ensure the safety of the deposit, you must follow some rules. You cannot open more than five trading positions at the same time, otherwise it will be very difficult to keep track of each one individually.
Also, it is recommended to apply safe risk management and make transactions with a minimum volume.
If it so happened that the transaction turned out to be losing, you should not increase its volume in order to recoup, but it is better to continue working according to the same strategy or wait for more suitable market conditions.
This system is suitable for use by beginners and professional traders, and it can be used both as an independent trading tool and as a confirmation of signals from other trading strategies.
Trading pairs: preferred EURUSD, GBPUSD and USDCAD;
Working timeframe: M5 - M15;
Expiration: 2-3 candles;
Time to trade: from 9:00 to 23:00 Moscow time, except for the release of important news;
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Template + indicators
To download the Iluminate strategy for free, you need to leave some comment on this article, immediately after that a link for downloading files will appear here.