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287# Progressor Binary Strategy

ITM Total with Suppport and Resistance

True Fractal Band as filter

Submit by Dimitri

 

Progressor Binary Strategy is a price action trading system based on ITM indicator filtered by support/resistance and fractal true channel indicator. Progrssor Binary Strategy is also for scalping trading. This is a discretionary strategy that one must learn to put into practice. The thing that needs to be paid more attention is to consider only the trades in the areas of support and resistance.

 Progressor Binary Strategy
Progressor Binary Strategy

10 or more chart at the same time.

Time frame 5 min.

Expiry time 2 candles.

Metatrader indicators setting

A timer

ITM total

Support and resistance V.4 nmc,

True Fractals Band (period 12),

Murrey Math indicator.

Stochastic Oscillator

Trading rules Progressor Binary Strategy

Buy

1. Dot purple ITM

2. Buy arrow ITM

3. True Band channel draw on white triangle

4. Price touches support zone

5. Murrey Math line is below support zone 2nd zone(optional)

6. The stochastic oscillator is in oversold zone or crossing upward

7. Elders's Market Thermometer MTF TT indicator draws a blue bar

either under the signal point of the ITM TOTAL indicator, or under its signal arrow

8. Open position at the next candle after arrow

 Progressor Binary Strategy
Progressor Binary Strategy

Sell

1. Dot purple ITM

2. sell arrow ITM

3. True Band channel draw on white triangle

4. Price touches resistanze zone

5. Murrey Math line is above support zone 6nd zone(optional)

6. The stochastic oscillator is in overbought zone or crossing downward

7. Elders's Market Thermometer MTF TT indicator draws a blue bar

either under the signal point of the ITM TOTAL indicator, or under its signal arrow

8. Open position at the next candle after arrow

Progressor Binary Strategy
Progressor Binary Strategy

Share your opinion.

Progressor Binary Strategy
Progressor Binary Strategy
Progressor Binary Strategy.rar
compressed file archive 242.9 KB
Comments: 4
  • #4

    NL (Friday, 10 January 2020 04:22)

    Reply : Janus Trader
    Yea sometimes the regression does work better, but for ultimate result sticking to one strict rules might give better results. Though December / January hasn't been really stable at the moment. The market isn't moving much.

  • #3

    Janus Trader (Sunday, 29 December 2019 11:25)

    These strategies are for professionals, strong people who manage to dominate emotions. They are winning with low DD. Sometimes the regression channel is better.

  • #2

    NL (Monday, 23 December 2019 05:29)

    the two sample you showed us. the support and resistance was drawn (after the signal candle)
    So it means in real time, there was still no support and resistance zone drawn yet. Which means the we should skip the signal instead right?

  • #1

    NL (Sunday, 22 December 2019 12:18)

    Hi, Is this based on the ITM Total indicator (
    Strategy #280?? with different setup?

    Do you think this set up is better than the One with sliding chanel?

https://www.forexstrategiesresources.com/...ii/280-binary-itm-total/
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