Strategy for binary options, Forex and CFD - Double Bollinger Bands Price Action with MACD

Strategy for binary options, Forex and CFD - Double Bollinger Bands Price Action with MACD - an old and proven strategy used to find entry points in the direction of the trending price movement on a 15-minute chart.

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: 30 minutes (2 candles)

Indicators of the Double Bollinger Bands Price Action with MACD strategy

• Bollinger Bands
• Parabolic SAR
• MACD
• Relative Strength Index

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 Price Action with MACD strategy: signal to increase

• Two candles in a row closed under the lower red band
• RSI is below or at 68 when the candles close below the red band
• Enter a trade when the MACD histogram rises above the “0” level

Double Bollinger Bands Price Action with MACD strategy: downward signal

• Two candles in a row closed above the upper red band
• RSI is above or at 68 when the candles close above the red band
• Enter a trade when the MACD histogram drops below the “0” 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