ProfitBee59 AI settings for binary option tradings
After TradingView settings, ProfitBee59.com AI can be added in the following steps .
Adding ProfitBee59.com AI:
In the top menu, click on the "fx" icon. Wait a few seconds and click on "Invite-only scripts". Choose ProfitBee59 v6.0 and click "X" to go back to the chart.
ProfitBee59.com AI settings:
Click on the setting icon in the menu to change AI properties for each kind of trading.
How to trade binary option with ProfitBee59.com AI:
A binary option chart prepared by ProfitBee59.com AI can be used in many ways. Each trader may feel comfortable and prefer differently with each method. The followings show the settings and some trading example ideas.
Binary option 1m, One arrow, fast EMA5, slow EMA21, Mom and baby bell.
This chart shows price bars of 1 minute each. The AI count and assign each price bar with a positive or negative number.
When a -9 bar shows up, a -9 support and resistance (-9 SNR) in blue is created. Similarly, a +9 support and resistance (+9 SNR) in orange is created when a +9 bar appears.
A bell of Mom and baby mode shows up marking a smaller baby bar and its larger mom on the left. At the top and bottom of the mom bar we define a "Mommy zone" by adding two white dotted horizontal rays the mom head and foot levels, respectively.
When a +1 bar shows up, a green upward arrow is created to mark a possible short-term price movement in that direction. Similarly, a red downward arrow is created to mark a possible short-term price movement in that direction.
In binary option trading, we wait for a Mommy zone to occur. We then wait for a breakout of the zone with a green arrow before placing a 5-minute expiring Call option or a breakout of the zone with a red arrow before placing a 5-minute expiring Put option.
In this particular chart, the price breaks out of the zone with a green arrow. A Call option with 5-minute expiry is then activated. The call is in the money 5 minutes later.