Double Bollinger Bands Breakout Forex Binary Options Trading Strategy

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Double Bollinger Bands Breakout Forex Binary Options Trading Strategy

The double Bollinger bands breakout is a strategy that follows the trend, it means that it only trades in the direction of the trend. The timeframe that is suitable for this method is the 15-minute or higher timeframe with an expiry time of 3 candles if the market has high volatility. The expiry time for a weak market is 5 candles. This works in any financial market.

MT4 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.

Call Entry:

  1. One of the candlesticks must close above the Bollinger bands 20, 1.
  2. The upper band and the 2 previous candles must close below the Bollinger band 20:1 upper band.
  3. The MACD is greater than 0 and has aqua color.

Put Entry:

  1. One of the candlesticks must close below the Bollinger Bands (20, 1).
  2. The lower band and the 2 previous candles (bars) must close above the Bollinger Bands (20: 1) lower band.
  3. The MACD is greater than > 0 and aqua color.

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