Strategy for binary options, Forex and CFD - Binary Bands RSI

Strategy for binary options, Forex and CFD - Binary Bands RSI - a strategy that allows you to find price turning points for trading binary options with a time frame of 15 minutes.

Minimum Time Frame and expiration time

• Time Frame: M15
• Expiration time: 45 minutes (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M30
• Expiration time: 90 minutes (3 candles)

Indicators of the Binary Bands RSI strategy

• Bands
• ConnorsRSI eMOD
• VZO_MA_Line

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.

Binary Bands RSI strategy: signal to increase

• The price has broken through the lower border of the Bollinger Bands from bottom to top or pushed away from it
• The blue EMA line crossed the red EMA line from bottom to top
• The Connors RSI indicator lines (green, red) are above the turquoise VZO MA line

Binary Bands RSI strategy: downside signal

• The price has broken through the upper border of the Bollinger Bands from top to bottom or pushed away from it
• The blue EMA line crossed the red EMA line from top to bottom
• The Connors RSI indicator lines (green, red) are below the turquoise VZO MA line

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