Strategy for binary options, Forex and CFD - Best Intraday Breakout
Strategy for binary options, Forex and CFD - Best Intraday Breakout
Strategy for binary options, Forex and CFD - Best Intraday Breakout - an intraday strategy that helps determine the direction and find the best entry points to open a profitable trade.
Contents
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Minimum Time Frame and expiration time
- Time Frame: M15
- Expiration time: 45 minutes (3 candles)
Recommended Time Frame and Expiration Time
- Time Frame: M15
- Expiration time: 45 minutes (3 candles)
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Best Intraday Breakout strategy indicators
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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.
Best Intraday Breakout strategy: signal to increase
- The price has broken through the upper border of the box and is above the yellow dotted line
- The bars of the lower indicators are colored green
Best Intraday Breakout strategy: downside signal
- The price has broken through the lower border of the box and is below the yellow dotted line
- The bars of the lower indicators are colored red
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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
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Download the Best Intraday Breakout strategy
Download the Best Intraday Breakout strategy......
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