Gold Bands Binary Trading System For Binary Options

The Gold Bands Binary trading strategy has very simple rules and is intended for binary options trading but can also be used for scalping.

The Gold Bands Binary trading strategy has very simple rules and is intended for binary options trading, but it can also be used for scalping.

Gold Bands Binary Trading System: Input Parameters

  • Currency pairs: any (for scalping — with spread);
  • Expiry time for binary options: 4 – 5 candles;
  • Deadline: M5;
  • Trading time: any;
  • Risk Management: Choose this option volume (lot) so that the risk is not greater 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 the template called Gold Bands Binary.

The graph should look like this:

Gold Bands Binary Trading System For Binary Options

Opening a buy position:

  • The middle row of Gold Bands Binary changed color from red to blue;
  • RSI filter blue indicator bar;
  • You can reopen a trade when the price rebounds from the middle line and breaks above the upper edge of the channel.

The Gold Bands Binary trading strategy has very simple rules and is intended for binary options trading but can also be used for scalping.

Opening a sell position:

  • The middle row of Binary Gold Bands has changed color from blue to red;
  • Red indicator bar of the RSI filter;
  • You can reopen a trade when the price bounces back from the middle line and breaks out of the lower channel border.

Gold Bands Binary Trading System For Binary Options

Setting stop loss and take profit (for scalping)

  • Stop loss is set above/below channel limits;
  • The take profit is set in the range of 7 to 12 points depending on the currency pair.

Before using the Gold Bands Binary trading strategy for binary options and scalping on a real deposit, we recommend testing it on a demo account.

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