Platform Features

When trading over the web, some strategies can inform wise decisions while others can increase your chances of success or influence the magnitude of your profit/loss. At BinaryOnline, we empower our traders by providing 6 features on our desktop platform to encourage sustainable trading and risk management.

Trendify

Trendify is a collection of 3 chart analyses that you can use to inform your trading decisions: We are talking about:

  1. Bollinger Bands
  2. Moving Average
  3. Relative Strength Index (or RSI)

These are called technical indicatorsA technical indicator is a mathematical calculation based on historic price, volume, or open interest information that aims to forecast financial market direction.and they are metrics that use past and current chart data to predict the future price movements of tradable assets. For example, amoving averageMoving averages are mathematically calculated forecast. The two most frequently used MAs are the simple moving average (SMA), and the exponential moving average (EMA).plots the average value of a tradable asset over a given period of time. This irons out short-term volatility to reveal long-term trends.

In turn,Bollinger bandsBollinger Bands were developed by famous technical trader John Bollinger. It is plotted two standard deviations away from a simple moving average.are lines plotted two standard deviations above and below a simple moving average. They are a measure of volatility. As for Relative Strength Index, this is a momentum indicator. RSI compares the recent gains and losses of an asset over a specific period of time to identify overbought and oversold conditions. Read more about Trendify.

Rollover, Double-Up and Sell-Option

So far we’ve covered 3 features that you can use to inform your trades. The next 3 features are there to help you optimize your trades, maximise your profits or cut your losses.

Rollover

In trading, rollover is the process of keeping a position open beyond its Expiry Time. This extends the settlement date of theopen positionAn open position in investing is any trade, established or entered, that has yet to reach its expiry time.so profits or losses are realised at a later date and time.

When trading with binary options, this feature can come in handy. For example, say you have an open trade that you can tell is going to end Out-Of-The-money in a few minutes. By delaying the Expiry Time, you can keep the position open until the asset starts moving in the direction you originally anticipated.

To illustrate this, say GBP/CAD is trading at 1.6434 at 12:05 GMT. You place a Call option on the asset, which is set to expire at 13:00 GMT. At 12:55 GMT, you see that the price of the asset just dropped below Strike Price and if you could extend the Expiry Time by a little, the trade could end In-The-money. You can do this with Rollover. Often a rollover will come with an associated charge.

Double-Up

In contrast to Rollover, Double-Up is an investment strategy in which a trader doubles his or her current position in an asset when a favourable price movement occurs. Doubling up is a risky strategy but it can yield larger returns.

In binary options, Double-Up is a feature that can be quite useful if you have an open position that you know will end In-The-Money. Using this feature, you can double your investment amount and subsequently double your payout.

For example, say BMW is trading at 83.71 at 14:00 GMT. You place a Put option on the stock with the Expiry Time set for 15:00 GMT. At 14:55 GMT, you see that BMW is trading at 83.63 and your trade is sure to end In-The-Money. By using Double-Up, you can double your investment to double your payout.

Sell-Option

Another feature that traders can use to boost their trading experience is Sell-Option. With this feature, a trader can sell an open position. If the open position is In-The-Money, the feature serves to lock in profits before the price of the asset has a chance to move in a different direction. This is referred to as scalping where you lock in smaller profit amounts and gradually build your account balance.

If the open position is Out-Of-The-Money, Sell-Option serves as astop loss strategyStop-loss is designed to limit an investor’s loss on a security position, preventing you from losing your entire initial investment.

Give these exclusive features a try!

Don’t have an account yet? Click here to open one.