Strategy for binary options, Forex and CFD - Correlation Breakout

Strategy for binary options, Forex and CFD - Correlation Breakout - a strategy based on trend breakout and currency pair correlation indicators, allows you to determine the best moment to open a transaction.

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: 60 minutes (4 candles)

Indicators of the Correlation Breakout strategy

• correl8b
• Currency strength Meter
• CurrencyStrengthAlerts
• S-B Vo
• SIXTHS SCREEN VER 3.6_DC auto Bar

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.

Correlation Breakout strategy: signal to increase

• The price closed above the upper red line
• In the first subwindow there is a green line above the white line
• In the lower indicator the yellow line is above level 50
• Enter when the next candle opens after all conditions are met

Correlation Breakout strategy: downside signal

• The price closed below the lower red line
• In the first subwindow there is a green line under the white line
• In the lower indicator there is a yellow line below level 50
• Enter when the next candle opens after all conditions are met

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