Strategy for binary options, Forex and CFD - Bollinger Bands with Supertrend

Strategy for binary options, Forex and CFD - Bollinger Bands with Supertrend - a trend following strategy based on three indicators, helps to track the trend and filter out false signals to open a trade.

Minimum Time Frame and expiration time

• Time Frame: M15
• Expiration time: 30 minutes (2 candles)

Recommended Time Frame and Expiration Time

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

Strategy indicators Bollinger Bands with Supertrend

• bkg10sma alert
• Bollinger Bands
• cBar Bands
• cBid Ask
• cClock
• cEE-Laguerre
• cPips Meter
• cSpread
• cSuper Trend
• cTrend Vol
• Ozymandias

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.

Strategy Bollinger Bands with Supertrend: signal to increase

• The price is above the average blue band
• The footer indicator column is colored blue
• A green up arrow appears, the Ozymandias line is green

Strategy Bollinger Bands with Supertrend: downside signal

• The price is below the average blue band
• The footer indicator column is colored red
• A red down arrow appears, the Ozymandias line is red

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