201# New Binary Kiss System
Support and Resistance with Wave Oscillator
Price action trading with Trend Wave, ADX, SR.
Submit by Emi
New Binary Kiss System is a strategy based on Support and Resistance with Wave oscillator. Here we shows two templates on the same feature the price action that bounce on the horizontal lines of the support and resistance.
Time frame 5 min or higher.
Expiry time 2-3 candles.
Template 1 New Binary Kiss System 1
Metatrader indicators:
Support RTF with fractal 7 period;
Trend wave (wave period 10, avg period 21);
Wavetrend oscillator ( channel 10, AVG period 21, signal 4)
Trading rules New Binary Kiss System 1
Call
When the price bounce on the support line wait the following:
Wavetrend oscillator crosses upward;
Trend-wave aqua dot.
Put
When the price bounce on the resistance line wait the following:
Wavetrend oscillator crosses downard;
Trend-wave yellow dot.
This strategy is also good for scalping 5 min time frame target profit 5-10 pips, stop loss 3 pips below/above the entry bar.
Template 2 New Binary Kiss System 2
Metatrader indicators:
Support RTF with fractal 7 period;
Wavetrend oscillator ( channel 10, AVG period 21, signal 4)
ADX (5 period)
T&C Wonder
Trading rules New Binary Kiss System 2
This second system is based on the same principle as the previous one, the price rebound on a support / resistance line but the indicator for entry in the market is not the wave trend but ADX.
Call
When the price bounce on the support line wait the following:
T&C Wonder buy arrow;
Wavetrend oscillator crosses upward;
ADX buy arrow.
Put
When the price bounce on the resistance line wait the following:
T&C Wonder sell arrow;
Wavetrend oscillator crosses downward;
ADX sell arrow.
In the pictures New Binary Kiss System 2 in action.
This second template needs more practice.
Happy Trading
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