Trading Strategies and Tools Advanced Level Test
Welcome to the Trading Strategies and Trading Tools Advanced Level Test!This Test features questions on Advanced Level strategies and tools ONLY. Those are the most used Strategies and Indicators, so make sure you learn well.Good Luck!
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Question 1 |
What is an “Engulfing” Japanese candle pattern?
From the Article Japanese Candles – The Sequel
A | When I open a trade with a larger amount than my previous trade, that’s an Engulfing pattern because my second trade is bigger. |
B | It is a candlestick formation, which is a hundred percentage bearish |
C | It’s a two candle formation characterized by the fact that the second candle totally engulfs the first one. If the first candle is bullish, the second must be bearish and vice versa. |
D | It is a two candle formation, where the first candle is smaller than the second candle |
Question 2 |
What is Average Directional Movement Index (ADX)?
From the Article Average Directional Movement Index – The Money Maker?
A | A tool used by Binary Options brokers to see the direction in which we trade. |
B | A tool that helps identify the strength of a trend |
C | A tool for range bound trading |
D | A tool showing the standard deviation of the price at a given moment |
Question 3 |
What is the Chart Pattern Recognition Tool?
From the Article The Chart Pattern Recognition Tool
A | A tool used by traders to determine the right amount of money they should risk on one single trade. |
B | A complex neural network black box |
C | Software that helps the trader to identify chart patterns such as Triangles, Pennants, Flags, etc. |
D | It is a painting software |
Question 4 |
What is Resistance?
From the Article Custom Indicators – Full Review of the Support Resistance Tool for Binary Options
A | Resistance is a level that rejects rising prices into lower territory. |
B | Resistance is a level that rejects falling prices into higher territory. |
C | When I hit on a chick in a club and she doesn’t want to give me her number, I say she has good resistance |
Question 5 |
Name the 3 of the 5 payout levels
From the Article Duke Of York Binary Options Strategy – Not for Beginners
A | Monday, Thursday and Saturday |
B | 1, 10, 30 |
C | 0, 30, 100 |
D | 100, 500, 1000 |
Question 6 |
What is the timeframe of the charts used for this strategy?
From the Article EUR/USD Simple Strategy Is Simply A Good Strategy
A | Yearly |
B | The strategy doesn’t use any charts |
C | 3 hrs and 17 minutes |
D | 30 minute charts |
Question 7 |
Is this a complete strategy? Can you trade it on its own?
From the Article Binary Options Range – Bound Trading: More than One Way to Skin a Cat
A | No, this is not a full strategy, but a way of identifying the market conditions and adapting your trading to those specific conditions. |
B | Yes, it’ s similar to the Lazy Day Trader Strategy |
C | It’s complete but you have to buy it |
Question 8 |
Are both the RSI and the Stochastic oscillators?
From the Article Full Review of Simple Balanced System for Binary Options
A | Never heard of them |
B | Yes, they are both oscillators, moving between 0 and 100 |
C | Stochastic is an oscillator, but RSI is not. It is a relative market index |
D | No, they are both relative strength indexes |
Question 9 |
According to the strategy, what should you do if the low of the previous Daily candle is broken?
From the Article Smart Break Out Strategy – Not As Smart As It Sounds
A | Buy a Call |
B | Buy a Bear |
C | Buy a Beer |
D | Buy a Put |
Question 10 |
Why do we call this indicator “highly visual”?
From the Article Custom Indicators: Paint the Town Red – Profit from the Trend
A | Because the chart behind it changes color once price is above or below the moving average |
B | Because we can |
C | Because it can be seen from afar |
D | It is a graphical indicator |
Question 11 |
What is the News Indicator?
From the Article What is the News Indicator?
A | An indicator that displays on my charts the most important upcoming economic news |
B | Something to replace my everyday newspaper |
C | It displays on my chart the latest gossip and news about celebrities |
D | It gives me trading signals based on news |
Question 12 |
What are the two conditions for a Call entry?
From the Article Multiple Time Frame Power Strategy – Can you handle it?
A | It must be spring outside and my best friend must Call me on the phone |
B | The two conditions are quiet market and RSI around 50 level |
C | Four hour RSI must be below 50 level and the 15 minute Stochastic must cross downwards, in Overbought territory |
D | Four hour RSI must be above 50 level and the 15 minute Stochastic must cross upwards, in Oversold territory |
Question 13 |
PSAR is the abbreviation for:
From the Article Parabolic SAR Tool for Binary Options – Stop And Reverse
A | Parabolic Stop And Reverse |
B | Profiting Stop And Repeat |
C | Psychological Awesomeness Rewarded |
D | Now you confused me and I really don’t know anymore |
Question 14 |
What is the main characteristic of an inside bar?
From the Article Inside Bar Candle Formation Strategy
A | It likes to spend time inside a bar or pub |
B | It is a bar, which is inside a bar of a bigger time frame |
C | It is totally enveloped by the first candle (Mother Bar) |
D | It is bar, symmetrically arranged by two other bars |
Question 15 |
How many Red bars do you need for the Double Red strategy?
From the Article Trading the Binary Options Market with the Double Red Strategy
A | Two Red bars and then enter a trade |
B | As many as possible |
C | Three Red bars in a row |
D | No one |
Question 16 |
What is the Pivot Points Calculator?
From the Article Predicting the outcome of In-out boudaries with the Pivot Calculator
A | A tool that automatically calculates the Pivot Point and also some additional Support and Resistance levels |
B | A tool for calculating the profit factor for the previous year’s trades. |
C | A charting software |
D | A tool for scalping |
Question 17 |
What is the recommended expiry time for this strategy?
From the Article Trading Off the Daily Charts Strategy – Geek’s Favourite
A | Close early whenever you are in profit |
B | Weekly or monthly |
C | 60 seconds |
D | Daily |
Question 18 |
How can a Strangle be adapted for Binary Options?
From the Article The Strangle Strategy – Adapting it for Binary Trading
A | By using Touch Options, but it will not be a Strangle identical to the one used in Vanilla options |
B | It cannot be used for Binary |
C | I’ll strangle you if you keep asking me these questions. Now where’s my beer??? |
D | Strangle is a type of digital option and it don't need adaptation. |
Question 19 |
When is the AO less reliable?
From the Article Awesome Oscillator Could Live Up To Its Name
A | In a ranging market |
B | During the afternoon |
C | Early morning |
D | In trending market |
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