Strategy for binary options, Forex and CFD - Cycle of Waves Scalping Strategy

Strategy for binary options, Forex and CFD - Cycle of Waves Scalping Strategy - a trend reversal and rollback strategy based on Bollinger Bands and the STC color indicator, shows the best trading signals.

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: 25 minutes (5 candles)

Cycle of Waves Scalping Strategy indicators

• b-clock_modified
• BolliToucher
• Key PA Levels
• mikko_mtf_info
• STC_COLOR
• TLB OC v02
• VCustom3

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.

Cycle of Waves Scalping Strategy: signal to increase

• The price has broken through the lower Bollinger Band
• Wait until the green line of the basement indicator rises above the -10 level (green line)

Cycle of Waves Scalping Strategy: downside signal

• The price has broken through the upper Bollinger Band
• Wait until the red line of the basement indicator drops below the +10 level (red 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