Trading Strategy For Binary Options Sun Coming Back
The Sun Coming Back binary options trading strategy provides overbought and oversold signals from the Money Flow Index indicator with additional filtering of entries to buy options. Also, the strategy can be used for scalping and pipsing.
Sun Coming Back Binary Options: Entry Parameters
- Currency pairs: any;
- Term: M5 and above;
- Expiry time of binary options: (4 candles for М5, 2 candles for М15 and earlier);
- Trading time: any;
- Risk Management: Choose an option volume where the risk is no more than 2 – 5% of the deposit per trade.
Installing indicators and system model
- Unzipping the file with models and indicators;
- Copy the indicators to the MQL4 folder -> indicators;
- Copy the templates to the templates folder;
- Restarting the terminal;
- Open the chart of the desired currency pair;
- Install a template called Sun Coming Back.
Signals that indicate a call option
The price bounced off the red line of the Synergy pro indicator;
Money Flow Index indicator line crossed level 20 from bottom to top;
An option is bought after the close of the first green bar of the CTH Value Chart indicator.
Signals that indicate a put option
- The price bounced off the green line of the Synergy pro indicator;
- The Money Flow Index indicator line crossed the 80 level from above;
- An option is bought after the close of the first red bar of the CTH Value Chart indicator.
Using a Scalping and Pipsing Strategy
The Sun Returning Trading Strategy Binary can be used not only for binary options trading but also for pipsing or scalping:
- Market entry rules remain unchanged;
- Stop loss is set below/above the candle on which the position is opened;
- The take profit is set at a 1 to 1 ratio with a stop loss order.
A trading strategy for binary options Sun Coming Back is very easy to learn and has effective trading signals. Before using the strategy on a real deposit, be sure to test it on a demo account.
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