Strategy for binary options “Bolivar”: simplicity and high profitability

Options, due to their profitability, are attracting more and more investors who want to make money. To be successful, they need special knowledge that allows them to independently analyze the market, as well as an effective strategy that consistently generates income.

A simple but quite profitable trading system for minute charts “Bolivar” helps to increase your deposit up to 80% in just a month.

Preparing to trade with the Bolivar strategy

In order to prepare a working zone, you need to add several instruments to the M1 chart of the selected currency pair:

1. Bollinger Bands with the following settings: period - 73, deviation - 1.5; applies to Close;

2. Simple Moving Average: period - 4, applied to Close;

3. Force Index - oscillator with settings: period - 14, applicable to Close, method - Simple.

To optimize decision-making and visually more convenient display of the Force Index indicator on the window with its data, you need to draw a line at the “0” mark.

Chart with the entire indicator set:

All the tools we need are standard and included in the list of the MetaTrader4 trading platform . You can also use various functional specialized web platforms, for example, TradingView .

Rules for concluding transactions

So, the platform is set up, and we can move on to studying the order of buying options using signals from the Bolivar strategy.

We buy an option if:

• Bollinger Bands are parallel to each other or expand;
• Moving Average crossed the middle line of Bollinger Bands from bottom to top;
• Force Index shows growth, exceeding zero;
• The signal candle is located above the Moving Average, after its closing we buy the “Call” option;
• contract expiration time is 5 minutes.

We sell if the following conditions are met:

• Bollinger Bands are parallel or begin to taper;
• Moving Average crosses the middle line of Bollinger Bands from top to bottom;
• The Force Index oscillator went into the negative zone;
• The signal candle is below the moving average; select the “Put” option at the opening of a new candle;
• Expiration time: 5 candles.

Do not forget to adhere to the rules of money management: do not risk more than 1% of the deposit amount in one transaction.

Typical beginner mistakes

The most common mistakes leading to losses:

• traders enter into trades against the dominant trend. If Bollinger Bands bend upward, sales are not allowed. Conversely, if they decline, you cannot buy;
• lacking patience, some people trade turbo options without waiting for a clear signal and trying to “win back.” Reluctance to adhere to discipline and the rules of the strategy is fraught with loss of the deposit.

Always follow a pre-developed trading plan, in which you set specific maximum allowable amounts of profit and loss; when they are reached, you must stop working.

Useful tips in trading

Experienced investors who tried Bolivar on a real account were very pleased with the result. Here are some tips to help traders who have just discovered this strategy:

• it can be used on all trading assets, but the results of stock trading were not very promising;
• preferred sessions are European or American, they are more lively;
• always remain calm, do not give in to emotions;
• minimize risks.

Can't figure out how this strategy or indicator works? Write about it in the comments to this article, and also subscribe to our YouTube channel WinOptionCrypto , where we will definitely answer all your questions in the video.

See also:

• Online signals for binary options
• Live chart (on-line) for binary options
• Rating of binary options brokers
• MACD divergence indicator