Strategy for binary options, Forex and CFD - Better Bollinger Bands

Strategy for binary options, Forex and CFD - Better Bollinger Bands - a strategy based on the breakdown of the lower and upper Bollinger Bands, helps to find the best entry points into a trade.

Minimum Time Frame and expiration time

• Time Frame: M5
• Expiration time: 10 minutes (2 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M5
• Expiration time: 15 minutes (3 candles)

Better Bollinger Bands strategy indicators

• !XPS v8 TRENDBARS
• Better Bollinger bands
• PBF_Squeeze
• MACD 2Line
• Pivot_Points_-_Daily_sShiftedd

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.

Better Bollinger Bands strategy: signal to increase

• The price closed above the upper Bollinger Band
• The candle is painted blue
• MACD lines crossed from bottom to top
• The histogram in the first subwindow is green and above the zero level

Better Bollinger Bands strategy: downside signal

• The price closed below the lower Bollinger Band
• The candle is painted pink
• MACD lines crossed from top to bottom
• The histogram in the first subwindow is red and below the zero level

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