Strategy for binary options, Forex and CFD - Channel breakout for day trading
Strategy for binary options, Forex and CFD - Channel breakout for day trading
Strategy for binary options, Forex and CFD - Channel breakout for day trading - a strategy based on a trend breakout, helps to find accurate signals for opening trades up and down.
Contents
- Minimum Time Frame and expiration time
- Recommended Time Frame and Expiration Time
- Strategy indicators Channel breakout for day trading
- Risk management
- Channel breakout strategy for day trading: signal to increase
- Channel breakout strategy for day trading: downward signal
- Download Channel breakout strategy for day trading
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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: 45 minutes (3 candles)
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Strategy indicators Channel breakout for day trading
- BandsBandwidth
- superscalper
- channel-breakout-entry
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.
Channel breakout strategy for day trading: signal to increase
- In the lower indicator the blue line is above level 20
- The thick line on the graph is repainted blue
- A gray dot appears under the candle
Channel breakout strategy for day trading: downward signal
- In the lower indicator the blue line is above level 20
- The thick line on the graph is repainted yellow
- A blue dot appears above the candle
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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 Channel breakout strategy for day trading
Download Channel breakout strategy for day trading......
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