Strategy for binary options, Forex and CFD - 3 bar Pullback Forex

Strategy for binary options, Forex and CFD - 3 bar Pullback Forex - a strategy based on two indicators helps to find the best moment to enter a trade and filter out false signals.

Minimum Time Frame and expiration time

• Time Frame: H1
• Expiration time: 3 hours (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: H1
• Expiration time: 4 hours (4 candles)

3 bar Pullback Forex strategy indicators

• 3barpullback

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.

3 bar Pullback Forex strategy: signal to increase

• Green arrow appears
• A dot appears under the candle

3 bar Pullback Forex strategy: downward signal

• Red arrow appears
• A dot appears above the candle

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