Fractals S&R with Double Bands Strategy is a great trading system with a good profitability. This strategy is based on fractals support and resistance in combination with two Bollinger Bands.
Parameters:
Buy
Parameters:
- This strategy can be used also for trading with binary options high/low.
- Currency pairs: majors, minos more indicies, gold, bitcoin and oil.
- Time frame 1 min or higher.
- Binary options high/low expiry time 1 or 3 candles.
- Bollinger Bands (periods 22, deviation 2.0);
- Bollinger Bands (periods 22, deviation 1.0);
- Fractals ajoustable price breakout (34 periods).
Buy
- Fractals draws on the chart support blue dot line below the lower bands of BB.
- The price action touches the support line and com back in the bollinger Bands.
- When the price touches the Bollinger bands with deviations ( 1.0) place an buy order or call.
- Initial stop loss below the lower band (2.0).
- Profit target middle band or upper band of BB (1.0).
- Fractals draws on the chart resistance red line dot line below the lower bands of BB.
- The price action touches the resistance line and com back in the Bollinger Bands.
- When the price touches the Bollinger bands with deviations ( 1.0) place an sell order or call.
- Initial stop loss above the upper band (2.0).
- Profit target middle band or lower band of BB (1.0).
