Speedy Gonzales Trading Strategy for Binary Options
The Speedy Gonzales trading strategy is for binary options, but its signals can also be used for scalping. The objective of this strategy is to generate fast business with high profitability in a simple way.
Speedy Gonzales Trading Strategy: Entry Parameters
- Currency pairs: any with a low spread;
- Timeframe: M1-M5 for binary options, M5-M30 for scalping;
- Trading hours: London, New York;
- Expiry time: 2 – 3 candles;
- Risk Management: Choose this option volume so that 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 Speedy Gonzales.
Signals indicating a call option
- SMA 50 is directed up;
- The SMA 10 has crossed the MT4 Digital 30 Mashek (HMA) line from below;
- Stochastic lines cross from bottom to top;
- MACD lines cross from bottom to top.
Signals that indicate the purchase of a put option
- SMA 50 is directed downwards;
- SMA 10 has crossed the MT4 Digital 30 Mashek (HMA) line from above;
- Stochastic lines cross from top to bottom;
- MACD lines cross from top to bottom.
Before using Speedy Gonzales trading strategy for binary options and scalping on a real deposit, we recommend testing it on a demo account.
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