Strategy for binary options, Forex and CFD - Wilder's RSI Band Breakout

Strategy for binary options, Forex and CFD - Wilder's RSI Band Breakout - a strategy based on three indicators, allows you to track the trend and find the best points to open a trade for an increase or decrease.

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: 15 minutes (3 candles)

Wilder's RSI Band Breakout strategy indicators

• Bands
• BBands_Stop_v2
• MoneyDot
• WilderRSI

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.

Wilder's RSI Band Breakout strategy: signal to increase

• RSI line above 70
• The price closed above the upper Bollinger Band
• White circle above the candle

Wilder's RSI Band Breakout strategy: downside signal

• RSI line below 30
• The price closed below the lower Bollinger Band
• Orange circle under a candle

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