Strategy for binary options, Forex and CFD - Bollinger Bands Scientific Trading

Strategy for binary options, Forex and CFD - Bollinger Bands Scientific Trading - a strategy that generates trading signals in the direction of the trend when the market is overbought or oversold.

Minimum Time Frame and expiration time

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

Recommended Time Frame and Expiration Time

• Time Frame: M5
• Expiration time: 20 minutes (4 candles)

Indicators of the Bollinger Bands Scientific Trading strategy

• ScientificScalper

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.

Bollinger Bands Scientific Trading strategy: signal to increase

• The background of the basement indicator is blue
• A white-green bar appears on the basement indicator
• The price bounced off the lower red band

Bollinger Bands Scientific Trading strategy: downside signal

• The background of the basement indicator is red
• A white and red column appeared on the basement indicator
• The price pushed off the upper red band

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