Strategy for binary options, Forex and CFD - Double Bollinger Bands Breakout

Strategy for binary options, Forex and CFD - Double Bollinger Bands Breakout - strategies for trading in the direction of the trend with a time frame of 15 minutes.

Minimum Time Frame and expiration time

• Time Frame: M15
• Expiration time: 45 minute candles in high volatility or good market

Recommended Time Frame and Expiration Time

• Time Frame: M15
• Expiration time: 45 minutes (3 candles) with high volatility or a good market, 75 minutes (5 candles) with a weak market

Double Bollinger Bands Breakout strategy indicators

• SpikeAlert
• TripleSpeedProfitSystemMACD

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.

Double Bollinger Bands Breakout strategy: signal to increase

• The closed green candle is slightly above the upper border of the inner Bollinger band, and the two previous candles are slightly below this border
• MACD indicator is above the zero level

Double Bollinger Bands Breakout strategy: downside signal

• The closed red candle is slightly below the lower border of the inner Bollinger band, and the two previous candles are slightly above this border
• MACD indicator below zero level

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