Our best IQ Option strategies will help you earn more money. You can use ready-made systems or create your own. Let’s learn how to trade binary options profitably. It is quite realistic and achievable even for beginners. This is not as difficult as it may seem at first glance. The main thing is to have patience, desire, and a trading strategy with a clear plan of action. Not so long ago, we have made the article with IQ Option broker review.The broker completely updated its trading platform. The changes affected not only the interface and the platform engine, but also added new indicators for IQ Option strategies. They attracted our attention because, in addition to their simplicity, they have high profitability and give clear signals. We suggest testing each of them and analyzing them in detail. Let’s get to know best IQ Option strategies.
- Testing the best IQ Option strategies on a demo account
- Best IQ Option strategies on binary options
- IQ Option “Trend Line” strategy
- Best IQ Option strategies on turbo options
- Final words about best IQ Option strategies
Today, trading is becoming more and more accessible, most likely you or your friends have already encountered stock trading. Someone just heard about binary options, and some have already made several successful transactions. However, all beginners are united by one thing-the fear of the huge and incomprehensible world of technical analysis, graphical models and concepts such as “stop loss”, “option” and “Fibonacci levels”.
But we hasten to reassure you, now in order to become a successful trader, it is not necessary to thoroughly study technical analysis and other financial books on economic theory for many years. Binary options have made trading much more accessible and easier. After all, IQ Option is considered to be one of the best trading platforms. Wide opportunities and a rich selection of tools for analysis allowed traders to abandon third-party terminals.
Testing the best IQ Option strategies on a demo account
IQ Option earning strategies must be tested before trading for real money. Firstly, to do this, you can open a demo account on IQ Option, which has all the same functions as the main platform. Remember, you are dealing with real money, which you have earned with great difficulty. Do not get excited and do not trade at random. The broker took care of this and created a demo account where beginners can get acquainted with the principles of binary options trading, as well as test one of the strategies offered on the site.
Also do not neglect the use of the free indicator “Traders’ Choice”, which is built into the trading platform on the left. It is updated online and shows the predominance of buyers or sellers in the market. If more than 70% of the indicator is green, then most traders are currently buying an asset, if they are selling it in red.
Best IQ Option strategies on binary options
We will immediately lower you from heaven to earth. No one will tell their secret of earning money for free and describe in detail a trading strategy that has shown successful results. But, nevertheless, there are classic strategies, the knowledge of which is simply mandatory. Otherwise, you risk not succeeding in the future.
First of all, you need to learn how to build trend lines and support and resistance levels. To do this, it is enough to connect the minima and maxima of the price for a certain period of time.
This is the first thing that a novice trader should learn to do, since without such basics, any trading strategy will be useless. In addition to memorizing signals and accurately following them (sometimes even blindly), it is extremely important for a beginner to develop trading thinking and intuition, which can save many times from losing trades in the future.
Trend lines and support/resistance levels help us determine the price movement corridor. As a rule, most of the time the price is inside it, that is, it bounces off the lower and upper boundaries. Sometimes there are breakouts, which in turn are both false and not. In the first variant, the price returns back to the corridor, and in the second-there is a trend change.
It is on these simple fundamentals of technical analysis that the IQ Option strategies presented on the site are built. They are very simple and accessible, besides they have been tested for decades, which is already trustworthy!
In the trading platform, you can customize the display of the chart individually-linear, Japanese candlesticks or bars. We need a candlestick chart, so set the desired one in the panel in the lower left corner of the platform.
A pin bar is a candle with a small body and a long shadow, usually 3-4 times larger than the body of the candle. The shadow rushes up or down, depending on the past trend. Many professional traders consider a Pin Bar to be a strong reversal signal in the market. If a Pin Bar with a long shadow up appears during an uptrend,then most likely the price will go down further. In a downtrend, everything is exactly the opposite.
The screenshot shows vivid examples of using a Pin Bar in a strategy for IQ Option.
It is important that the opening and closing level of the Pin Bar should be approximately at the opening/closing level of the previous candle. The body of the Pin Bar should be within the body of the previous candle, without going beyond it.
It is in this situation that the Pin Bar is a strong signal to enter the market.
Breakdown of the line
The breakdown of the line is a common graphical pattern. The essence of the strategy is simple — when a candle breaks through the support level and closes below it, it is more likely that the downward movement will continue. So you need to buy the option Down.
If the price breaks through the resistance level, and the candle closes higher, then we buy an option Up. The breakdown of the resistance or support line is relevant both for the sideways movement, and for the uptrend and downtrend.
On the chart, we see a clear example of the successful processing of the “Line Breakdown” pattern.
Rebound from the line
Our third strategy from the IQ Option broker is the complete opposite of the previous one. First of all, the “Rebound from the line” pattern occurs when the price cannot break through the resistance or support level. It moves within a given corridor and does not leave it. When the price has reached the resistance level and has not broken it, and the next candle has closed below the previous one, the price will go down, which means it is worth buying an option Down from the next candle.
A rebound from the line is relevant both for a flat and a downtrend/uptrend.
Moreover, the price reached the support line, but did not break it, and the next price closed above our price level, then we buy the option Higher after the signal candle closes. In this case, most traders believe that the downward movement has stopped, which means that the trend will change to an upward one.
Trend lines are able to determine the clear boundaries of the price corridor in which the price is currently located. To build trend lines, use the graphical analysis panel in the lower left corner of the trading platform.
The support level is a line from which the price bounces up, unable to break through. The resistance level, on the contrary, does not allow the price to go above its level. There are three types of trend — ascending, neutral and descending.
Traders connect the highs and lows of the price, thereby obtaining a trend corridor that helps to analyze the future movement of a trading asset.
Breaking through local levels
For this IQ Option earnings strategy, we will need a moving average EMA with a period of 13. You can select it from the panel in the lower left corner of the platform.
We set the settings as in the screenshot above.
Next, we need to determine the local minima and maxima using the EMA indicator, for this we simply connect them on the chart.
An excellent signal to buy an option Up is considered to be a breakdown of the EMA line of the local maximum level up. Similarly, with the purchase of an option Down.
IQ Option “Trend Line” strategy
Now we will analyze the most accurate trading strategy presented on the broker’s website called “Rainbow”. She shows the best result, which reached 85%. We will need three Moving Averages of the EMA with different periods-6, 14 and 26. For clarity, it is better to paint them in different colors.
This is a universal trading strategy that can give several signals at once. First, the Rainbow strategy perfectly shows the direction of the trend.
All three moving averages crossed, and then lined up under each other in a clear order: the EMA with a period of 6 is higher than the EMA with a period of 14, which in turn is also higher than the EMA 26. All three lines look up and do not intersect. A good signal to buy Up in our case is the intersection of three lines at once, after which the EMA 6 goes up.
At the same time, we had another signal: EMA 6 crossed from top to bottom EMA 14. Many traders consider this a good signal to buy an option Down. That’s what we see on the chart.
Best IQ Option strategies on turbo options
We have selected two strategies from the entire list that show good results on turbo options.
Three black crows
The market is in constant fluctuations, in which downward trends replace ascending ones and vice versa. The essence of the “Three Black Crows” pattern is to catch an uptrend in time and the moment of its change to a downtrend.
It is necessary to wait for a strong uptrend, which consists of several bullish candles in a row. After that, wait for the appearance of three descending candles in a row. The closing of the third candle will be a signal to buy the option Down.
A gap in the clouds
This is the complete opposite of the previous strategy. You need to find the moment when the downtrend turns into an uptrend. After a long downward trend, which consisted of several consecutive descending candles, the ascending candle closes above the previous descending one. It is followed by two more rising candles. After closing the third candle, we buy an option Up.
Final words about best IQ Option strategies
Today in our article about best IQ Option strategies we present you a lot of various strategies which you can apply. Trading strategies on IQ Option are presented in a wide variety on the market. All of them are based on the statement that the value of any asset is affected by certain factors. The price does not change by itself – it depends on the level of supply and demand, the actions of the largest participants, important events, etc. Here, as in the foreign exchange market, it is important to perform technical and fundamental analysis. To achieve success and get a stable profit, you need to use IQ Option strategies, learn the basics of performing analysis, train on demo accounts and try to create your own strategies by combining various tools.