Dynamic Range Trading (DRT) is a new trading mechanic that is available to all Binomo traders. What makes it so special? Let’s figure it out together.
DRT, FTT, and 5ST
DRT differs from the FTT and 5ST trading mechanics that you already know. It allows you to make trades limited not only by time but also the price range. You choose the range and temporarily fix it by pressing the Trade button.
If the price stays within the range for 1 minute, you benefit.
Price range
On the chart, the price range is a colored band highlighting the current price. Its upper and lower borders mark the standard price deviation. The range is dynamic; it follows the price in real-time.
Color matters
The range can change its color depending on the probable trade outcome.
— It’s green when the current price is inside the range, and you can profit
— It’s red when the current price is out of the range, and you can lose your funds
When you don’t trade, the range is blue.
How to trade on DRT?
Switch to the new chart type and the real account. Then, choose the available DRT asset, such as Crypto IDX. Apply indicators and drawing tools if needed.
— When you decide that the price will stay in a specific range for the next 1 minute, press Trade. The range will be fixed relative to the price.
— The band will immediately change color, indicating whether the price is inside or outside the chosen range.
— Wait for a trade to close, and celebrate your success if the trade is beneficial!
Limitations
— DRT is available only on the new chart version and the real account. The new chart provides the best trading experience, whereas real trading brings you the brightest emotions!
— You can make 1 trade at a time. The Trade button is unavailable when your trade is open.
— DRT only supports the 5-second time frame, whereas the expiration time is 1 minute.
— Trading signals aren’t available for this trading mechanics
The feature has been released on Binomo's desktop version. If you are a mobile user, please open the platform in a mobile browser or try trading on a PC.