Speedy Gonzales Binary Options & Scalping Strategy


Speedy Gonzales Trading Strategy designed for binary options, but its signals can also be used for scalping. The goal of this strategy is to generate fast trades with high profitability in an easy way.

Input parameters

  • Currency pairs: any with a low spread
  • Timeframe: M1-M5 for binary options, M5-M30 for scalping
  • Trading Hours: London, New York
  • Expiry dates: 2-3 candles
  • Risk management: choose such an option volume so that the risk is no more than 2-5% of the deposit per trade

Indicators used

  • SMA (50, close)
  • SMA (10, close)
  • MT4 Digital 30 Mashek (HMA)
  • Stochastic Oscillator (5, 4, 5, close)
  • MACD (12, 26, 9, close)

Installing indicators and system template

  • Unpack the archive with templates and indicators
  • Copy the indicators to the MQL4 folder -> indicators
  • Copy the templates to the templates folder
  • Restart the terminal
  • Opening the chart of the required currency pair
  • Install a template named Speedy Gonzales

The graph should look like this:

Speedy Gonzales Trading Strategy Template

Signals indicating the purchase of a Call option (opening a buy position)

  • SMA 50 points up;
  • SMA 10 crossed the MT4 Digital 30 Mashek (HMA) line from bottom to top;
  • Stochastic lines intersect from bottom to top;
  • MACD lines cross from bottom to top.
Speedy Gonzales Binary Options & Scalping Strategy
Example of buying a Call option

Signals indicating the purchase of a Put option (opening a sell position)

  • SMA 50 is pointing down;
  • SMA 10 crossed the MT4 Digital 30 Mashek (HMA) line from top to bottom;
  • Stochastic lines cross from top to bottom;
  • MACD lines cross from top to bottom.
Speedy Gonzales Binary Options & Scalping Strategy
Example of buying a Put option

Setting stop loss and take profit for scalping

  • stop loss is set above / below the resistance / support level;
  • take profit is set at a minimum ratio of 1.12: 1 to stop loss.

Before use Speedy Gonzales trading strategy for binary options and scalping on a real deposit, we recommend testing it on a demo account.

Other Binary Options Strategies

Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

For the bulls to continue to rise in GBPUSD, they need to overcome strong resistance

Read Next

Norilsk Nickel share price today: forecast and technical analysis