Forex Double Bollinger Bands Breakout Binary Options Strategy
Forex Double Bollinger Bands Breakout Binary Options Strategy:
Double Bollinger Bands Breakout is a method of trading trend following. This system is for intraday trading but also for swing trading, but here we applied this method for trading with binary options high/low.
Time Frame 15 min or higher.
Financial markets: any.
Expiry time 3 candle whit high volatility or a good trending market
with a weak trending market expiry time is 5 candles..
Indicators:
Bollinger bands (20, 1);
Bollinger bands (20, 2);
MACD (12, 26, 9);
optional filters
Squeeze break
expiry time with green bar 3 candles, expiry time with red bar 5 candles.
Trading rules Double Bollinger Bands Breakout
Buy
Wait for one of the candlesticks to close above the Bollinger Bands (20 , 1) upper band and at the same time the two previous candles (bars) are closed right below the Bollinger Bands (20: 1) upper band.
MACD > 0 aqua color.
Sell
Wait for one of the candlesticks to close below the Bollinger Bands (20 , 1) lower band and at the same time the two previous candles (bars) are closed right above the Bollinger Bands (20: 1) lower band.
MACD > 0 aqua color.
Exit position
Make profit with ratio 1.3 stop loss.
Place initial stop loss 2 pips above/below the middle band.
Do not trades when the prices is squeeze into the bands.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Double Bollinger Bands Breakout Binary Options Strategy?
- Download Forex Double Bollinger Bands Breakout Binary Options Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Double Bollinger Bands Breakout Binary Options Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
