Bollinger band binary option trading strategy binary-bonuses
By crossing the upper band, look for an engulfing Bearish candle. If it crosses the lower band, look for an engulfing Bullish candle. Again, make sure the time frame on your chart is set to 5 minutes because this strategy involves making trades with expiry times of 30 minutes to 1 hour. We waited until the large red candle stick closed outside the lower bollinger band. After the engulfing candle closed we entered a CALL trade to expire in 30 minutes, at around 10 pips below the closing of previous engulfing candle.
As you can see, we are in the money after 30 minutes or even 1 hour. Both your 10 minute and Bollinger Band strategy are very easy.
Thank you for the walkthrough. Ive been incorporating the bollinger band strategy for the past two weeks now. Glad to hear that Tracee!!
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