golden eye strategy Binary Options 2020

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Golden Eye Trading Strategy for Binary Options – How It Works

What is a Golden Eye Trading Strategy?

The name Golden Eyes itself hinted that this system is invented for short-term traders who usually tend to hunt for opportunities from the smallest market waves. This system is composed of three indicators : a swing seeker, an ADX (Average Directional Movement Index) and a candlestick timer, and each of them has its own function. The swing seeker is the main indicator used to spot up or down swings – trading signals. The ADX will confirm whether those signals are worth trading or not. Finally, the candlestick timer is like an assistant tool which helps traders know the remaining time of candlesticks to be active with new market performance.

How to trade with the Golden Eyes?

After adding the system into trading platform, you need to wait for new signals to be generated. This system has an automatically alert alarm which will sound when signals appear, so that you don’t need to constantly observe the charts.

Call signals: When an up arrow appears and the ADX line is above 25, a bullish signal is confirmed and you can enter the market with a call order.
Put signals: When a down arrow appears and the ADX line is above 25, a bearish signal is present. You simply open a put order.

If you like this strategy, you might also be interested in this Range Trading Strategy

There are some notes for the Golden Eyes as follows :

  • You shouldn’t trade with this technique in the Asian trading session because the swings are very choppy. The best time to apply it is in the European session.
  • The indicative arrows could repaint themselves, therefore you have to wait for them to be fully formed (the two candles next to them are closed) before making any trading decision.
  • Order’s expiry time could be various. If the signal is in the direction of the trend, the finishing time should be 60 minutes. If you are counter-trending, the expiry time should only be 30 minutes.

Trading strategy “Golden Eye”

Your capital may be at risk. This material is not an investment advice.

Golden Eye is a strategy based on the ADX indicator which is used for confirming rebounds. This strategy works well with with M15 timeframe and the trades which are opened for 60 minutes (in direction of longterm trend) or for 30 minutes (against the trend).

How to setup the chart

Timeframe: M15
Template: Golden Eye Strategy (Download this strategy, Download 2)

How does this strategy work

As soon as the arrow appears, we check the ADX indicator. If the current trend is strong and rebound is probable (main ADX is at around 50 or more), we will open the trade.

When to enter the trade

Buying a CALL option:

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  • Immediately after a green arrow appears
  • ADX indicator has to be at least on level 25 (the more the better)

Buying a PUT option:

  • Immediately after red arrow appears
  • ADX indicator has to be at least on level 25 (the more the better)

Strategy screenshots:

My results with this strategy

Results after the first week looked very promising with success rate of 83 % . Unfortunately, on the second week the results have gotten worse, but still the strategy keeps at 80% success rate. Highly recommended!

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