Trend strategy for binary options GPReverse

The GPReverse trading system was developed under the guidance of professional traders.

In the settings of the adviser, the level of risk of erroneous transactions is minimized, so when using this system, there are very few signals for opening positions, even on small timeframes.

This strategy can be successfully used both in a strong trend and during a flat, but at night there may be no entry signals at all.

The only period of time when errors are possible when making transactions is the release of foreign news from 16-00 to 19-00, so it is better to avoid placing orders during this period.

Sound alert setting

Since, during the day, you can enter the market only a few times, one indicator provides the function of sound notification of the trader about acceptable conditions for placing trade orders.

Strategy indicators

GPReverse is based on the work of author's and standard indicators with original settings, there are six of them in total, these are:

1. GPSstar_v2 - the main signaling device for opening a trading position, is displayed as an asterisk on the chart and gives a sound notification;
2. GP_DAY - has an incomprehensible algorithm of work and interacts with GPSstar_v2;
3. GP_HeikenAshi is a standard trend direction indicator with author's settings that cannot be changed. Colors bars blue or red on the chart;
4. GP_MACD2 – a standard indicator of trend direction and strength, displayed at the bottom of the indicator window, in the form of a chart of red and blue bars;
5. GP_REVERSE - determines reversal points and gives a signal to search for entry points, displayed on the chart as a red and blue palm;
6. GPTrend_v22 - the author's signal of the strength and direction of the trend, located in the same window as GP_MACD2.

Nuances at work

To get started, you will need to copy all the indicators to the folder with the Metatrader4 program (MT4 is recommended to download from here) and then install the template from the "template" folder.

The strategy works with any currency pairs, but it is preferable to choose the most liquid of them, these are EURUSD, GBPUSD and USDCAD.

After choosing an asset, you need to set the timeframe 5 in the MT4 window, and select the expiration time of 15 minutes from the binary options broker.

You can also work on older timeframes, but in this case, there is a possibility that the signal will not be available during the day.

When all the settings are made, it remains to wait for the sound signal to open a position and, if all the conditions for entering the market match, open a trading position in a certain direction in the binary options terminal.

Conditions for opening a buy trade (CALL option):

1. The appearance of the GP_REVERSE indicator in the form of a blue palm on the chart;
2. The GP_HeikenAshi indicator turned the bar blue;
3. The GP_MACD2 and GPTrend_v22 EAs show blue bars on the chart in the indicator window;
4. When a sound signal and an asterisk GPStar_v2 appear on the chart, we immediately place an order to buy from the BO broker.

Conditions for opening a deal to sell (PUT option):

1. The appearance of the GP_REVERSE indicator in the form of a red palm on the chart;
2. The GP_HeikenAshi indicator turned the bar red;
3. The GP_MACD2 and GPTrend_v22 EAs show red bars on the chart in the indicator window;
4. When a sound signal and an asterisk GPStar_v2 appear on the chart, we immediately place a sell order with the BO broker.

The GPReverse system almost always gives very accurate signals to enter the market, so you can partially apply the method Martingale. For example, if the deal turned out to be losing, then it is advisable to increase the volume of the next lot by 1.5-2 times.

If, nevertheless, there were 2 losses in a row, which is very unlikely, you should return to the usual trading volume or wait for a change in market conditions, and continue work the next day.

Trading recommendations

Trading pairs: EURUSD, GBPUSD and USDCAD;

Working timeframe: M5;

Expiration: 3 candles;

Time to trade: any, except for the release of strong news;

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Template + indicators

To download the strategy for free, you need to leave some comment on this article, immediately after that a link for downloading files will appear here.

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