Hello friends and welcome back to my channel. in today's video i want to show you again and
again IQ option method which will be useful for trading on the otc market. i use several indicators
in this method and one of these indicators is woodi"s cci which i have not used in any method before.
now let's start setting indicators. i will start setting up the moving average indicator.
i will raise its period to 95 to show stronger signals. i set emma, change color and
thicken the line. the following is an indicator that will help me
see a trend reversal and this is macd. i don't change periods but i want to thicken all the lines
and save changes. the last indicator, um as we talked about at the beginning of the video, is
a new indicator woodies cci which has power in this particular method
if we set the period to 11. i also thicken all the lines and
let's change colors.
and that's all. of course i set the candles
transition time to one minute and i trade on two minutes time interval.
so, i think i caught a great moment here and of course
i open the position with 2 minute time
to the downward direction. of course here i first pay attention to the line of the moving average
which crosses the red candle and after that the red candles continue to move down again.
look here the macd yellow and blue lines are crossing each other and also going down.
and i'm also watching the macd candles again.
Now, as you can see on the platform uh the macd candles are tilted down as well and most importantly,
the white and yellow lines of the woodies cci are in a selling position. of course, friends we have to
observe all three indicators and make decision to open a position after all these. and as you can see,
the candles move down and the trend continues to move down as well.
and just let's wait a little bit more..
of course it was a great victory.
so, i found a new moment. here too the line of the moving average is crossed by a red
and green candle but you may have a question?! if both candles cross the moving average line then why
did i open a position in a downward direction?! so there is a simple answer to this question.
when both candles cross the moving average line then you should observe the direction of the trend
overall and what signals the other two indicator give us. if you look at the platform
the white and yellow lines of the woodies cci are in a selling position. that is they are giving
a selling signal if you look again at woodies cci candles they are also reporting strong sales.
and these are two very important signals. the third signal is that both lines of the macd
indicator cross each other here and going down. now, let's see. wait a little bit more and
see how things going on. great! it's great that i won. but i'm still trading here.
because i think based uh on the signals from the indicators that the candles will continue
to go down again. here i'm already entering the trade with 1 500. um friends, i want to
tell you that my videos are not made for investment advice. and many of you write in
the comments that some group of people offer you to deposit money on my behalf and promise to earn
large sums of money. please, just please don't trust any person who writes to you on my name. because i
never write about investment case, personally. and please be careful not to fall pray to scammers. so,
try to create your own special strategy and stick to it and never entrust your money to someone else.
i won again. great! three wins out of three trades. is just great. i hope you find this method useful
in the otc market and i recommend you to watch my other videos as well. because you will learn
a lot of interesting information about trading. so, i wish you a successful trade. thanks for watching!