Strategy for binary options, Forex and CFD - STARC Bands Breakout

Strategy for binary options, Forex and CFD - STARC Bands Breakout - a strategy based on a rebound from support and resistance levels, helps to find the best moment to enter a trade in the direction of the price movement.

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: 60 minutes (4 candles)

STARC Bands Breakout Strategy Indicators

• SS_SupportResistance_v07.52
• STARC_Bands

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.

STARC Bands Breakout strategy: signal to increase

• The price bounced up from the support zone (green rectangle)
• The price closed above the upper red band
• Enter when the next candle opens

STARC Bands Breakout strategy: down signal

• The price bounced down from the resistance zone (purple rectangle)
• The price closed under the lower red band
• 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