Strategy for binary options, Forex and CFD - Bollinger Bands Breakout Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Breakout Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Breakout Trading System - a strategy based on Bollinger Bands with an RSI filter, helps determine the best moment to open a trade.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Indicators of the Bollinger Bands Breakout Trading System strategy
- Risk management
- Bollinger Bands Breakout Trading System strategy: signal to increase
- Bollinger Bands Breakout Trading System strategy: downward signal
- Download the Bollinger Bands Breakout 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: 45 minutes (3 candles)
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Indicators of the Bollinger Bands Breakout Trading System strategy
- Bollinger Bands
- Moving Average
- 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 Trading System strategy: signal to increase
- The price has broken through the upper red band
- In the window below the chart, the yellow and white lines are above the middle red line, while the white line is above the yellow
Bollinger Bands Breakout Trading System strategy: downward signal
- The price has broken through the lower red band
- In the window below the chart, the yellow and white lines are below the middle red line, while the white line is below the yellow
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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 Trading System strategy
Download the Bollinger Bands Breakout Trading System strategy......
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