Strategy for binary options, Forex and CFD - Scalping Action with BBstop

Strategy for binary options, Forex and CFD - Scalping Action with BBstop - a strategy based on price action that allows you to find trading signals for opening trades up and down.

Minimum Time Frame and expiration time

• Time Frame: M5
• Expiration time: 15 minutes (3 candles)

Recommended Time Frame and Expiration Time

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

Indicators of the Scalping Action with BBstop strategy

• #Signal_Bars_v6
• All Stochastic
• AnggrekJingga
• BBand Stop Alert
• Cleon Heiken Ashi
• GP_Clock
• Gst Signal 3
• GWS_ZigPoint
• VQ - Copia
• VQ
• Zigzag Take Profit and New Trend
• ZWINNER_TREND_INDICATOR

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.

Scalping Action with BBstop strategy: signal to increase

• Up arrow appears
• The candle is painted blue
• Stochastic lines are directed upward
• ForexSignal yellow indicator
• The square on the lowest indicator is green

Scalping Action with BBstop strategy: downside signal

• Down arrow appears
• The candle is painted red
• Stochastic lines are directed downward
• ForexSignal indicator is red
• The square on the lowest indicator is colored red

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