Strategy for binary options, Forex and CFD - Bollinger Band scalp GBP/JPY Trading System
Strategy for binary options, Forex and CFD - Bollinger Band scalp GBP/JPY Trading System
Strategy for binary options, Forex and CFD - Bollinger Band scalp GBP/JPY Trading System - a strategy that allows you to determine the direction of price movement using Bollinger Bands.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Indicators of the Bollinger Band scalp GBP/JPY Trading System strategy
- Risk management
- Strategy Bollinger Band scalp GBP/JPY Trading System: signal to increase
- Bollinger Band scalp GBP/JPY Trading System strategy: downward signal
- Download the Bollinger Band scalp GBP/JPY Trading System strategy
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Minimum Time Frame and expiration time
- Time Frame: M1
- Expiration time: 5 minutes
Recommended Time Frame and Expiration Time
- Time Frame: M5
- Expiration time: 25 minutes (5 candles)
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Indicators of the Bollinger Band scalp GBP/JPY Trading System strategy
- Bollinger 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.
Strategy Bollinger Band scalp GBP/JPY Trading System: signal to increase
- The price is between the lower red and lower yellow stripes (preferably breaks through the orange)
- The price tends to move up towards the middle Bollinger band
Bollinger Band scalp GBP/JPY Trading System strategy: downward signal
- The price is between the upper red and upper yellow stripe (preferably breaks through the orange one)
- The price tends to move up towards the middle Bollinger band
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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
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Download the Bollinger Band scalp GBP/JPY Trading System strategy
Download the Bollinger Band scalp GBP/JPY Trading System strategy......
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