Strategy for binary options, Forex and CFD - Bollinger Bands Trend Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Trend Trading System
Strategy for binary options, Forex and CFD - Bollinger Bands Trend Trading System - a strategy that allows you to find the best moment to open a trade using Bollinger Bands, which act as support and resistance levels.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Indicators of the Bollinger Bands Trend Trading System strategy
- Risk management
- Bollinger Bands Trend Trading System strategy: signal to increase
- Bollinger Bands Trend Trading System strategy: downward signal
- Download the Bollinger Bands Trend Trading System strategy
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Minimum Time Frame and expiration time
- Time Frame: M15
- Expiration time: 45 minutes (3 candles)
Recommended Time Frame and Expiration Time
- Time Frame: M15
- Expiration time: 60 minutes (4 candles)
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Indicators of the Bollinger Bands Trend Trading System strategy
- Bollinger Bands
- Moving Average
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 Trend Trading System strategy: signal to increase
- The middle Bollinger band is directed upward
- The price is above the yellow line
- Enter a trade when a bullish candle breaks the middle Bollinger Band
Bollinger Bands Trend Trading System strategy: downward signal
- The middle Bollinger band is directed downward
- The price is below the yellow line
- Enter a trade when a bearish candle breaks 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 Bands Trend Trading System strategy
Download the Bollinger Bands Trend Trading System strategy......
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