Strategy for binary options, Forex and CFD - Pin Bar, Bollinger Bands and Jma Starlight

Strategy for binary options, Forex and CFD - Pin Bar, Bollinger Bands and Jma Starlight - a strategy designed for a 4-hour chart that allows you to find the best moment to open a trade up or down.

Minimum Time Frame and expiration time

• Time Frame: H4
• Expiration time: 12 hours (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: H4
• Expiration time: 12 hours (3 candles)

Strategy indicators Pin Bar, Bollinger Bands and Jma Starlight

• JMA_StarLight
• PinBar

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.

Pin Bar, Bollinger Bands and Jma Starlight strategy: signal to increase

• The price has broken through the lower Bollinger Band
• Up arrow appears
• The red line crossed the gray line and became above it

Pin Bar, Bollinger Bands and Jma Starlight strategy: downward signal

• The price has broken through the upper Bollinger Band
• Down arrow appears
• The gray line crossed the red line and became below it

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