binary options strategy bollinger bands breakout

Binary Options Strategy: Bollinger Bands Breakout:

This is a system of FX Trader author-Forex Strategies Resources.
How to trade with Bollinger Bands Breakout System?

Time Frame: 30min expires time 120 min.
Markets: forex, commodities, futures, cfd.
Metatrader indicators: Bollinger bands (20 simple moving average, 2 standard deviation); Show 1-2-3.

Entry Position for Bollinger Bands Breakout system:
– Buy Call: When the price previously broken the lines on Rh high & then closed above the upper bollinger band, open a buy call position at opening of the next bar.
– Buy Put: When the price previously broken the lines on Rh low & then closed above the upper bollinger band, open a buy put position at opening of the next bar.
– Open two positions during the same breakout only if the price retraces on the moving average (20 periods).
– Using this strategy in markets trend 4H and Daily time frame. This is the most important condition for using this strategy with profit.