Strategy for binary options, Forex and CFD - Illuminated Bands Forex Strategy

Strategy for binary options, Forex and CFD - Illuminated Bands Forex Strategy - a strategy based on identifying overbought and oversold zones using Bollinger bands, helps to find accurate signals for opening a transaction.

Minimum Time Frame and expiration time

• Time Frame: M15
• Expiration time: 45 minutes (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M15
• Expiration time: 45 minutes (3 candles)

Indicators of the Illuminated Bands Forex Strategy

• #4X 2010 SEMA4X
• Diamond_Price_Action_Signals Indicator
• rsi chart bars
• TMA Angle
• TMA
• X-ZZ

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.

Illuminated Bands Forex Strategy: signal to increase

• The price closed under the lower white bars
• The candle turned blue and closed above the yellow line within the white stripes
• The signal is confirmed by a green bar in the first or second window
• Enter when the next candle opens

Illuminated Bands Forex Strategy: downside signal

• The price closed above the upper white bars
• The candle turned red and closed below the yellow line within the white stripes
• The signal is confirmed by a red bar in the first or second sub-window
• 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