141# Wait for the signal modified
Value Chart Indicator
Submit by Janus Trader 25/06/2015
Wait for the signal modied is an overbought, oversold trading system, based on the levels as support o resistance of the value chart indicator, my modified is add a filter that confirm the reversal.
I add this filter becouse this trading system in trending market has many false signals.
Time Frame 15 or 30min.
Value chart deluxe
ForexMTN (optional indicator).
Financial Markets: Forex, Commodities, Indicies.
Expiry time 3 candle. Expiry time 3-4 candles.
Rules for Wait for the signal
On the Value chart indicator the candle touches the level -8/-10. For entry wait the first buy arrow of the KDJ indicator.
On the Value chart indicator the candle touches at level +8/-+0. For entry wait the first buy arrow of the KDJ indicator.
Expected profitability ratio is 60-68.
You can use this trading system also for trading without binary options high/low.
In the pictures Wait for the signal modified in action.