Strategy for binary options, Forex and CFD - Bollinger Bands, RSI and ADX
Strategy for binary options, Forex and CFD - Bollinger Bands, RSI and ADX
Strategy for binary options, Forex and CFD - Bollinger Bands, RSI and ADX - a strategy based on bollinger bands, designed to search for entry points in the direction of trend price movement.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Strategy indicators Bollinger Bands, RSI and ADX
- Risk management
- Strategy Bollinger Bands, RSI and ADX: signal to increase
- Strategy Bollinger Bands, RSI and ADX: downward signal
- Download Bollinger Bands, RSI and ADX strategy
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Minimum Time Frame and expiration time
- Time Frame: M5
- Expiration time: 25 minutes (5 candles)
Recommended Time Frame and Expiration Time
- Time Frame: M5
- Expiration time: 30 minutes (6 candles)
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Strategy indicators Bollinger Bands, RSI and ADX
- Bollinger Bands
- Average Directional Movement Index
- 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.
Strategy Bollinger Bands, RSI and ADX: signal to increase
- The price has broken through the lower Bollinger band
- ADX indicator below level 32
- The RSI oscillator line rose above level 30
Bollinger Bands, RSI and ADX strategy: downward signal
- The price has broken through the upper Bollinger band
- ADX indicator below level 32
- The RSI oscillator line rose above the 70 level
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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 Bollinger Bands, RSI and ADX strategy
Download Bollinger Bands, RSI and ADX strategy......
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