Binary Gold Strength Binary Options Trading Strategy

Binary Gold Strength Strategy is a simple and understandable trading system for trading binary options. The Binary Gold Strength trading strategy is based on the forex signals from the Gold Bollinger Bands indicator and has a trending character.

The middle line of the Gold Bollinger Bands indicator acts as a filter — its color allows you to determine the short-term price direction.

Binary Options Binary Gold Strength: Entry Parameters

• Currency pairs: major pairs, commodities, stock indices, stocks;
• Deadline: M1-M30;
• Expiration date: М1 — 3 candles; M5 — 2 candles; M15 — 2 candles, M30 — 2 candles;
• Trading hours: London, New York;
• 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;
• Set up a model called Binary Gold Strength.

Signals that indicate a call option

• A green star appeared;
• The middle line of the Gold Bollinger Bands indicator is blue.

Signals that indicate a put option

• A purple star appeared;
• The middle line of the Gold Bollinger Bands indicator is red.

Using Binary Gold Strength Strategy for Forex Trading

In addition to binary options trading, the Binary Gold Strength strategy can also be used for regular trading:

The opening of the operation takes place according to the same rules;
Stop loss is set 5 – 15 pips above/below the candle where the trade was opened;
Exit the trade at take profit, or when the color of the middle line of the Gold Bollinger Bands indicator changes.

Before using the trading strategy to binary options Binary Gold Strength on a real deposit, we recommend testing it on a demo account.

Related Posts