The Rules

What are the rules?

As this strategy involves just two price lines and a signal arrow it is simple and easy to follow.

This is a trending strategy, so we need to be trading currency pairs that are trending.

The whole point is to wait for the price to pull back to our zone area, wait for a signal arrow to appear and then get into a trade with the trend. Simple!

What this strategy is doing is getting us into trading with the trend when a pullback has occurred, so its important to trade a currency pair that is trending.

From the chart above you can see a perfect example of a trending currency pair with a pullback. It doesn’t matter which way a pair is trending, it will always pullback or breath. This is where retail traders like us will get into a trade. I have drawn a red arrow on the picture where a trader would enter the market.

Now let’s see a similar example using the Ben’s Strategy.

In this example, you can see the currency pair is trending up. It doesn’t matter if the currency is trending up or down, it will always pullback at some point. This is actually a perfect example of the ‘Ben’s strategy‘, but we understand setups like this won’t be that easy to spot on a live chart.

Can you see how the Binary Destroyer gave a green signal arrow to confirm the price is heading up? This would be our confirmation to get into a trade with the trend.

When trading this strategy we can’t simply use the arrows to indicate a trade. We also need to wait for the signal candle to be in-between the lines and also the RSI to be overbought or sold. You can see how all those rules were met on the chart and how it’s now a perfect setup.

Rules

• Always trade a currency pair that is trending.
• Wait for a signal candle to be in-between the two moving averages.
• RSI must be over bought or sold.

We do not use the Trend Dash for this strategy so you can either delete it or leave it on your charts. Some traders will use it, but if you are a beginner, looking at the different time frames and which direction they are moving may confuse you. In this case we recommend that you delete it.

Time Frames and expiry times

The BD 5.0 was built around price action so you can use this strategy on any time frame. If you are trading Binary, we would recommend you use the 1 or 5 minute time frames. The 1 minute time frame can move very fast as each candle stick represents 1 minute so if you find you are getting frustrated with fast pace trading, move over to the 5 minute charts.

Expiry times can vary as each trader will find some more successful than others. This is a table of what we recommend for each time frame as some brokers may offer different options

When trading Binary with this strategy it’s important we stick to one time frame to stop confusion. I’m sure you will be aware of the need to check higher time frames to understand how to read the markets, but if you are a beginner then we advise you to stick to one time frame until you are more confident. As you are trading Binary we either win or lose so it doesn’t matter whether it is by 1 pip or 100 pips, A WIN IS A WIN!

Because of this, it is not necessary to check the higher time frames to see the overall trend.

You trade what you see and not what you think!

Powerful words, and so true. As a beginner you need to keep trading as simple as possible. Stick to one time frame and trade what you see off that time frame.