› Golden Shine Binary Options Strategy - How It Works

Golden Shine Binary Options Strategy - How It Works

Golden Shine binary options trading strategy is not too original.

What is a Samurai Golden Shine?


Golden Shine Strategy works effectively in Trading Gold using a one-hour timeframe. It is rather tough to find a well-wring binary options trading strategy for such an asset in this timeframe. At the same time, Golden Shine binary options trading strategy is very simple and easy to use in the sense of practical application. However, traders should not consider any trading strategy, including this one, as the Holy Grail which will bring the profit without knowledge of general binary options rules and strict execution of them.

How to use Golden Shine Strategy in Trading Gold?


Statistics show that during the last year starting from August 2018, the performance of this strategy was rather imposing: +78.9% of profitable deals. The number of deals opened is 13 per month on average. One month only was not in profit for the tested period, however, the loss was rather small (46% of deals were in loss). So, the general work of this strategy is pretty well and it can be adopted by any trader. The asset to trade is XAU/USD (GOLD) and the timeframe is H1. There are only two indicators used here: Simple Moving Average with the period of 120 hours (SMA 120) and Simple Moving Average with the period of 24 hours (SMA 24).

Gold trading via CFD’s is based on opening a temporary order to buy or sell an exact amount of gold.

Conditions for a buy CALL option:
  1. Simple Moving Average with the period 120 is below the price;
  2. Simple Moving Average with the period 24 is above the SMA 120;
  3. The price breaks through the 24-moving from below and the next candle close above SMA 24;
  4. The CALL option is bought on the next candle’s opening;
  5. Further signals have to be ignored in case if there is an active deal until it will be closed with any outcome;
  6. Skipping the positions could have a significant impact on the profitability;
  7. Traders can place more bets until the price goes 200 pips (for the quotes with one digit after the decimal point) from the SMA24.

Golden Shine Binary Options Strategy - How It Works


If you like this strategy, you might also be interested in this Stochastic RSI
Conditions for sale PUT option:
  1. Simple Moving Average with the period 120 is above the price;
  2. Simple Moving Average with the period 24 is below the SMA 120;
  3. The price breaks through the 24-moving from above and the next candle close below SMA 24;
  4. The PUT option is bought on the next candle’s opening;
  5. Further signals have to be ignored in case if there is an active deal until it will be closed with any outcome;
  6. Skipping the positions could have a significant impact on the profitability.


Read also

You have successfully registered

You can choose the needed type of account at any time!