Strategy for binary options, Forex and CFD - Fibonacci Box Breakout

Strategy for binary options, Forex and CFD - Fibonacci Box Breakout - an intraday breakout trading strategy that helps determine the best moment to enter a long and short position.

Minimum Time Frame and expiration time

• Time Frame: M15
• Expiration time: 60 minutes (4 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M15
• Expiration time: 60 minutes (4 candles)

Fibonacci Box Breakout Strategy Indicators

• BoxFibo 2_1_001
• Symbol changer profit display v3

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.

Fibonacci Box Breakout strategy: signal to increase

• The price has broken through the dotted line, which is a projection of the upper border of the blue rectangle (indicated by an arrow)
• Enter when the next candle opens above the upper border

Fibonacci Box Breakout strategy: downside signal

• The price has broken through the dotted line, which is a projection of the lower border of the blue rectangle (indicated by an arrow)
• Enter when the next candle opens below the lower border

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