23# FX Scalper Binary and Scalping Strategy
FX Scalper Binary and Scalping Strategy is a trend breakout strategy suitable for binary options and forex scalping. This strategy is based on two indicators: Bollinger Bands and FX scalper, to identify breakouts and make binary options trading decisions.
Setup Strategy
Time Frame 1 min and 5 min tf.
Platoform MT4
Sessions london and New York.
Expiry time from 1 to 5 candles.
Metatrader 4 indicators:
Bollinger Bands (periods 5, deviation 1);
Fx Scalper Indicator periods 21, (green bar: trend up red bar: trend down).
Trading Rules
Buy Call
Entry
Call Trade
If the price breaks above the upper Bollinger Band and the FX Scalper indicator shows a green bar, open a CALL binary option.
Put Trade
If the price breaks below the lower Bollinger Band and the FX Scalper indicator shows a red bar, open a PUT binary option.
Exit
Binary options have predefined expirations (e.g., 1 minute, 5 minutes). Your position will close automatically at expiration.
Ensure you choose an expiration that matches your trading horizon and the market's volatility at the time.
This strategy leverages Bollinger Bands breakouts combined with the confirmation from the FX Scalper indicator to increase the probability of success in binary options trading. Always test the strategy in a demo environment to familiarize yourself with its mechanics before applying it to a live account.
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