I read about the Bollinger Band Scalp strategy on the BOTS website. Here is the link:

http://www.binaryoptionsthatsuck.com/bollinger-band-scalp-lightning-fast-profits-for-binary-options-traders/

Thank you to Bogdan G for sharing the strategy, as it appears to be quite accurate for how simple it is. I will continue to test this strategy over the long term to gauge its effectiveness. If things continue as they have so far, I will implement this strategy in my live trading once I have learned/practiced here for a while.

My trade amounts are kept low because I wish to test many strategies, and therefore would like to have as much "currency" as possible to do so. Also, these bets are closer to the amounts of money I will be able to wager once I open my own live account with a small deposit of a few hundred dollars.