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Binary Option Trader Fibonacci System

In a recent post, we described how the traders of the Martingale system can apply it at Option Trader. In fact, besides the Martingale system, two other trading systems also can be used, including the Classic and the Fibonacci systems.  

Hereby, I will explain the Fibonacci system in order to provide you with knowledge on these trading systems of binary options used by Option Trader.  

Please, remember that no system is chosen by Option Trader. The trader makes such a choice, together with a few other decisions including the amount of each trade and the signal services applied.

The Basic Principles of the Fibonacci System
The Fibonacci system (or the Fibonacci sequence) has a long history and is named after Leonardo Fibonacci, an Italian mathematician who introduced to the world a number pattern corresponding to the ideal arrangement in the Nature. Flowers, leaves, petals and pine cones feature a Fibonacci sequence.

To put it simple, in the Fibonacci series, each number in the sequence is given by the sum of the previous two numbers. The Fibonacci series is: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233.

Let’s have a closer look: 1+1=2 (the 3rd number), 3+5=8 (the 6th number), 55+89=144 (the 12th number), and so on…

Now, what does it have to do with Option Trader and binary options?

How is the Fibonacci System Applied to Binary Options?
When using the Fibonacci series, both gamblers and binary options traders find it accurate and highly successful. As to the gambling, let’s take a look at a roulette-player. With $1 bet on red the wheel spins black, and the player follows the series and wagers $1 on red again. If he loses once more, he wagers $2, to follow the series until he wins. As soon as he wins, he goes two numbers back in the Fibonacci series and starts wagering again. Now, in case red finally wins when he wagers $13, he will bet $5 on the next round. The player will move forward one spot in the series when he loses, and two spots back when he wins.

Option Trader will use the same series if an investor decides to apply the Fibonacci system. The currency we use is the U.S. Dollar and the Australian Dollar. As the Robot places $20 on the call and it doesn’t hit, so it places another $20 on call and it wins. It implies that once again, the Robot will begin with $20 at square 1 and proceed with the same model as in the roulette case. If it wins it will move two spots down and, accordingly, one spot up if he loses.

Conclusions
Taking a closer look at the usage of the Fibonacci system in binary options, you will find out that it is regarded as the most accurate system applied, particularly with currency pairs.
Please, remember that at Option Trader we offer as many as three different systems that you can apply, and you configure the system that the Option Trader will operate for your trades.

Should you have any questions concerning the Fibonacci system used at Option Trader, please don’t hesitate to ask us. You should keep in mind, that no system can be 100% ideal and perfect, so be thoughtful when making decisions. However, you have already made a smart decision once you selected the Option Trader as your automated trading system of binary options.