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