Strategy for binary options, Forex and CFD - Bollinger Bands and CCI Trading System - a strategy based on two indicators helps determine the best entry points into a bullish and bearish trade.

Minimum Time Frame and expiration time

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

Recommended Time Frame and Expiration Time

• Time Frame: M15
• Expiration time: 60 minutes (4 candles)

Indicators of the Bollinger Bands and CCI Trading System strategy

• Bollinger Bands
• Commodity Channel Index

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 Bands and CCI Trading System: signal to increase

• The CCI line rose above the +150 level, but before that it was below -150
• The price is above the middle Bollinger Band

Strategy Bollinger Bands and CCI Trading System: downward signal

• The CCI line dropped below the -150 level, but before that it was above +150
• The price is below the middle Bollinger Band

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