Strategy for binary options, Forex and CFD - Correlation Breakout
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.
Contents
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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)
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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
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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
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Download the Correlation Breakout strategy
Download Correlation Breakout strategy......
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