Forex Gold Bands Binary Options Strategy
Forex Gold Bands Binary Options Strategy:
Gold Bands Binary Strategy is a trend price action system filtered by RSI Filter.
This trtading system is based on the indicator Gold Bands a indicator written by Xard777.
Time Frame 5 min
Financial Markets: Forex, Indicie and cCmmodities,
Expiry time 4-5 candles.
Binary Strategy: High-Low.
Trading Sessuions: London and NewYork
Tips:this strategy is also good for scalping and intraday trading.
Metatrader Indicators:
Gold Bands,
RSI Filter 14 period.
Trading Rules Gold Bands Binary Strategy
Buy call conditions
Gold Bands line blue color.
RSI (14) Blue bar.
Re-entry when the price bounce the middle band and after broken the upper band.
Buy put conditions
Gold Bands line red color.
RSI (14) Blue bar.
Entry if the price is between lower band and middle red band.
Re-entry when the price bounce the middle band and after broken the lower band.
Exit Position for Scalping.
Profit Target 7-12 pips depends by currency pairs.
Place initial stop loss below above the opposite bands.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Gold Bands Binary Options Strategy?
- Download Forex Gold Bands Binary Options Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Gold Bands Binary Options Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
