Strategy for trading binary options Binary Gold Strength

Binary Gold Strength Strategy - it is a simple and clear trading system for trading binary options. Binary Gold Strength trading strategy is based on the Gold Bollinger Bands indicator signals and has a trending nature.

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

Input parameters

• Currency pairs: major currency pairs, commodity assets, stock indices, stocks
• Time frame: M1-M30
• Expiry time: M1 - 3 candles; M5 - 2 candles; M15 - 2 candles, M30 - 2 candles
• Trading times: London, New York
• Risk management: choose such a volume of option, so that the risk was not more than 2-5% of the deposit per trade

Used indicators

• Gold Bollinger Bands (21 periods, deviation 4.0, Shuffle 6)
• Star Profit Option

Setting indicators and system template

• Unpack the archive with templates and indicators
• Copy the indicators to the folder MQL4 -> indicators
• Copy the templates into the templates folder
• Restarting the terminal
• Open the chart of the desired currency pair
• Set the template with the name Binary Gold Strength

The schedule should look like this:

Signals indicating the purchase of a Call option (predicting an upward movement)

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

Signals indicating the purchase of a put option (predicting a downward movement)

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

Using the Binary Gold Strength strategy to trade on

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

• the opening of a deal is done according to the same rules;
• stop loss is set at 5-15 points above/below the candle on which the trade was opened;
• exiting a trade on a set trend or on a pivot level Take Profit, or when the color of the Gold Bollinger Bands indicator middle line changes.

Before using trading strategy for binary options Binary Gold Strength on a real deposit, we recommend that you test it on a demo account.

Download Binary Gold Strength trading strategy template and indicators

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