113# Magic Oscillator Binary System
Magic Oscillator with channel of moving averages
Submit by Dominicus 15/02/2015
Magic Oscillator written for metatrader 4 by Vasiliy Smirnov is a indicators based on the Awesome. In this trading System Magic Oscillator determine the entry point for a binary high/low strategy.
Time Frame 15 min or higher.
Expiry time 3-5 candles.
Magic oscillator (inverse setting);
Exponential Moving Averages period 4, close;
Exponential Moving Averages period 8, close;
Exponential Moving Averages period 50, low;
Exponential Moving Averages period 50, high;
Stochastic oscillator (11,3,3),
Strength Candles optional > 60 %;
Market panel display control.
Trading Rules Magic Oscillator Binary System
Trade only in the direction of the trend.
If the movement of the price is above 50 ema channel only buy.
If the movement of the price is below 50 ema channel only sell.
Price price is above 50 ema channel;
EMA4 > EMA8
Magic oscillator blue bar;
Stochastic oscillator crosses upward.
Price price is belw 50 ema channel;
EMA 4 < EMA 8
Magic oscillator red bar;
Stochastic oscillator crosses downward.
Tips: for the best entries find the currency pairs in trending ,if you trade on 15min time frame go 4H TF charts and find the currency pr markets in trending.
You can use martingala becouse this system is affidable.
In the pictures Magic Oscillator Binary System in action.
fabrizio (Monday, 30 November 2015 11:09)
Looks good !!!! Clear explanation.
Does Magic Indicator repaint??
Thanks for all you made