Gimmee Bar Binary Options Trading Strategy
Gimmee Bar Binary Options strategy is based on the Gimmee bar trading method written by Joe Ross. This is applicable to forex, futures, commodities, and metals market. The timeframe used in this method are as follows:
- Time Frame 5 min expires time 15 min;
- Time Frame 15 min expires time 45 min;
- Time Frame 30 min expires time 150 min;
- Time Frame 60 min expires time 180 min;
- Time Frame 240 min expires time 720 min;
- Time frame daily expires time three days.
MT4 Indicator:
- Gimme bar with Bollinger Band 20 per .2 std dev;
- Support and resistance Barry;
- 20 Simple moving average;
- Flat indicator ( Blue bar=Buy Yellow bart=flat Red bar=Sell). Time Frame 5min to 60min.
- Pipnotic intra candles indicator
Rules:
- The main features is to trade when in a range.
- Determine range by the slope of Bollinger bands = when they are relatively flat you are range bound. Trade with low volatility.
- Flat Indicator Yellow bar
Put Entry:
- The break of Gimmee bar when at resistance = top Bollinger band.
- Flat Indicator Yellow bar
- Enter position at the close Gimmee bar of the bar with the red square.
Call Entry:
- The break of Gimmee bar when at support = bottom Bollinger band.
- Flat Indicator Yellow bar .
- Enter position at the close Gimmee bar of the bar with the dodge blue square.
Method Gimmee Bar with Pipnotic intra candles indicator:
- “Call” when Gimmee bar with the dodge blue square is below the Pinotic intra bar candles indicator.
- “Put” when Gimmee bar with the red square is above the Pipnotic intra bar candles indicator.
- Do not enter after a bar with grat range high/low.
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