Strategy for binary options, Forex and CFD - Bollinger Bands Breakout and RSI Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Breakout and RSI Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Breakout and RSI Trading System - a strategy based on the breakout of Bollinger Bands with a filter indicator, allows you to find the best entry points into a trade.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Indicators of the Bollinger Bands Breakout and RSI Trading System strategy
- Risk management
- Strategy Bollinger Bands Breakout and RSI Trading System: signal to increase
- Bollinger Bands Breakout and RSI Trading System strategy: downward signal
- Download the Bollinger Bands Breakout and RSI Trading System strategy
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Minimum Time Frame and expiration time
- Time Frame: M15
- Expiration time: 30 minutes (2 candles)
Recommended Time Frame and Expiration Time
- Time Frame: M15
- Expiration time: 30 minutes (2 candles)
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Indicators of the Bollinger Bands Breakout and RSI Trading System strategy
- Bollinger Bands
- Relative Strength 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.
Bollinger Bands Breakout and RSI Trading System strategy: signal to increase
- The RSI line rose above the 70 level
- The candle rose above the upper Bollinger Band
Bollinger Bands Breakout and RSI Trading System strategy: downward signal
- The RSI line rose below the 30 level
- The candle fell below the lower 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 Bands Breakout and RSI Trading System strategy
Download the Bollinger Bands Breakout and RSI Trading System strategy......
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