146# Gold Bands Binary Strategy
Bands Trading
Submit by Antony 22/07/2015
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 the pictures Gold bands strategy in actions.
Share your opinion, can help everyone to understand the forex strategy
Roberto (Friday, 19 February 2016 10:51)
questo indicatore e fantastico
jed (Sunday, 26 July 2015 22:31)
you can get it here.. http://www.forexstrategiesresources.com/trading-system-metatrader-4-iii/321-rsi-filter/
david (Thursday, 23 July 2015 12:38)
RSI can not be displayed on the graph on the sub-diagram
david (Thursday, 23 July 2015 12:25)
Dear Sir! The lack of a secondary chart indicators!
Roger (Wednesday, 22 July 2015 16:57)
Thanks for a new system. However, I'm not getting the RSI filter on the bottom of the chart to show up. It is in the indicator file and on template.
When I add it manually, I get a couple of arrow type indicators but not the separate window RSI.