238# Binary Gold Strength Strategy
Gold Bollinger Bands Trading
The profit run on the bands
Submit by Burt
Binary Options Strength Strategy is a trend-momentum strategy based on the Gold Bollinger Bands is very clear and simple. The color of meedle band ia as a filter that determines the short term direction. This trading system is also good for trading without binary options.
1 min 3 candles; 5 min 2 candles; 15 min 2 candles, 30 min 2 candles.
Time frame 1 min or higher.
Curenncy pairs: majors, minors, Indices and Stocks.
Trading sessions for 1 min and 5 min time frame are Londin and New York.
Metrader indicators setting
Gold Bollinger Bands (21 period, deviation 4.0 Shuffle 6),
Arrow (star green and red) timing for entry position.
Trading rules Binary Gold Strength Strategy
Buy or Call
Green star with blue middle band line.
Initial stop loss 5-15 pips below the entry bar depends by pairs.
Exit position when Gold Bollinger Bands change color blue to red or make profit with predeterminated profit target also pivot points levels.
Sell or Put
Red star with red middle band line.
Initial stop loss 5-15 pips above the entry bar depends by pairs.
Exit position when Gold Bollinger Bands change color red to blue or make profit with predeterminated profit target also pivot points levels.
In the pictures Binary Gold Strength Strategy in action.