Binary Killer Trading Strategy is designed for trading binary options and is built on the principle of scalping.
Input Parameters
- Currency pairs: any.
- Timeframe: M5 and above.
- Option duration: 3-5 candles.
- Trading time: London, New York.
- Risk management: choose an option volume such that the risk is no more than 2-5% of the deposit per trade.
Indicators Used
- RSI (9, close)
- Stochastic (10, 3,3,)
- MACD (12, 26,9)
- Heiken Ashi
- EMA Crossover Signal (4, 8)
Price Chart Setup
- Unpack the archive.
- Copy the template to the templates folder.
- Copy the indicators to the MQL4 -> indicators folder.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Apply the template named 5 min trade 1.0.
The chart should look like this:
Signals Indicating Purchase of CALL Option (Predicting Upward Movement)
- A white candle appears (Heiken Ashi indicator).
- RSI is above the 50 level.
- Stochastic is directed upward and is as close as possible to the overbought zone.
- MACD crosses the zero level from bottom to top (conservative option) or the histogram is above the signal line (aggressive option).
Signals Indicating Purchase of PUT Option (Predicting Downward Movement)
- A red candle appears.
- RSI is below the 50 level.
- Stochastic is directed downward and is as close as possible to the oversold zone.
- MACD crosses the zero level from top to bottom (conservative option) or the histogram is below the signal line (aggressive option).
The Binary Killer trading strategy appears to be an effective system and, with appropriate adaptation, can be used not only for trading binary options but also for classic scalping on Forex. Before using the Binary Killer trading strategy for binary options on a real deposit, we recommend testing it on a demo account.
Download template and indicators
