Strategy for binary options, Forex and CFD - 2 Minute Goldmine

Strategy for binary options, Forex and CFD - 2 Minute Goldmine - a trend-following strategy based on breaking through support and resistance levels, allowing you to find order opening points.

Minimum Time Frame and expiration time

• Time Frame: M1
• Expiration time: 2 minutes

Recommended Time Frame and Expiration Time

• Time Frame: M1
• Expiration time: 2 minutes (2 candles)

2 Minute Goldmine strategy indicators

• resistance_support_mtf
• valuecharts_v2_102

Risk management

Trade is carried out with a fixed amount not exceeding 5% of the trade balance. You should not trade during the release of important economic news.

Strategy 2 Minute Goldmine: signal to increase

• The price pushed off and broke through the resistance line
• MFI indicator has reached zero level
• Green bar on the Value Charts indicator

Strategy 2 Minute Goldmine: down signal

• The price has broken through the support level
• MFI indicator reached level 100
• Red bar on the Value Charts indicator

Trading on Forex and CFD

• Before starting trading, it is recommended to test the strategy on a demo account (open at least 3-5 trades)
• The trade is opened after receiving a signal from the trading strategy
• The ratio of Take Profit to Stop Loss should be 3:1 (for one unit of possible loss there should be 3 units of potential profit)
• The time frame of trading is not important - minute charts are suitable for scalping, hourly or daily charts are suitable for long-term trading
• Take Profit to Stop Loss levels are set depending on the selected time frame
• The strategy will show false signals on minute charts during the release of important economic news - trade on higher time frames or choose a different time for trading