Strategy for binary options, Forex and CFD - FX-BO-Signal Generator Tool

Strategy for binary options, Forex and CFD - FX-BO-Signal Generator Tool - a trend tracking strategy using support and resistance levels, designed for options on a time frame of 1 minute.

Minimum Time Frame and expiration time

• Time Frame: M1
• Expiration time: 3 minutes (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M5
• Expiration time: 20 minutes (4 candles)

Strategy indicators FX-BO-Signal Generator Tool

• #P4L CandleTime
• 777 - MASTER TREND
• Binary Code Indicator
• FOREX SNIPER KILLER Aka FSK Plugin (1)
• MOSTAPHA SNIPER MARKET
• SS_SupportResistance_v04c original mod

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.

Strategy FX-BO-Signal Generator Tool: signal to increase

• The price rebounded from the support level
• Appears an up arrow above the support level
• Enter when the next candle opens

Strategy FX-BO-Signal Generator Tool: down signal

• The price rebounded from the resistance level
• A down arrow appears below the resistance level
• Enter when the next candle opens

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