Forex Simple Bollinger Signals Binary Options Strategy
Forex Simple Bollinger Signals Binary Options Strategy:
Simple Bollinger Signals is a method that generates signals for binary options high/low and for trading without binary. This trading system is based on Bollinger Bands and an signal indicator.
This strategy works on all time frame from 5 min and higher.
Currency pairs: EUR/USD, EUR/AUD, GBP/USD, GBP/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, AUD/JPY, EUR/CHF, EUR/JPY
Binary options high/low expiry time 3-5 candles.
Metatrader Indicators:
Bollinger Bands (period 22, deviation 2.0),
Bollinger Bands signals ( period 20, deviation 2.2, outs 1.2).
Fast Signal line 11 period, close, filter of trend for trading without binary options high/low (optional).
Trading rules Simple Bollinger Signals
first template
Buy
When the price out the lower band, wait the Bollinger Bands signals buy arrow.
Sell
When the price out the upper band, wait the Bollinger Bands signals sell arrow.
Second template for trading withou binary options high/low
Buy
When the price out the lower band, wait the Bollinger Bands signals buy arrow and that the signal line is green color.
When these condition are agree place a buy order.
Profit target at the middle band, opposite band or when signal line change color red to green.
Place initial stop loss 2-5 pips below the lower band.
Sell
When the price out the upper band, wait the Bollinger Bands signals sell arrow and that the signal line is red color.
When these condition are agree place a sell order.
Profit target at the middle band, opposite band or when signal line change color green to red.
Place initial stop loss 2-5 pips above the upper band.
This second template is good also for scalping and day trading.
Note: It’s very important not to trade when the bands are too tight.
When you acquire experience the expiry time depends on the magnitude of the bollinger 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 Simple Bollinger Signals Binary Options Strategy?
- Download Forex Simple Bollinger Signals 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 Simple Bollinger Signals 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”.
