55# Forex Binary System
Binary Forex System is an trend momentum strategy because it is formed by forex indicators of trends, price action and momentum.
Time frame 5 minutes:
exiperes time 45-60 minutes.
Time frame 15 min
expires time 120 minutes.
Markets Forex: Currency pairs: any
I- regression Overbougth zone between red lines, Oversol zone betwenn green lines;
MVX fibonacci indicator (220 bars with Zig zag 12,5,3,);
Volume Emphasized ( volume period 10);
Ergodic CCI with level 200 e -200);
After the price action touches the red lines wait until the Ergodic CCI momentum Indicator crosses upward then execute your order and take profit and stop loss.
After the price action touches the red lines wait until the Ergodic CCI momentum Indicator crosses downward then execute your order and take profit and stop loss.
The Binary forex ystem is also good for trading in the forex and commodity markets
woks on all time frames ranging from 5 min charts for scalpers to Daily charts for longer term traders. Best on the H4 time frame and H1 time frames you have a good
winning probability but for the H4 and daily time frames you
have a very good winning probability
Profit Target is 2:1 ratio stop loss froma my entry point. If may stop loss is 20 pips my targe is 30 pips.
Option is to use Fibonacci level.
In the picture Binary forex System in action.
azmann (Wednesday, 16 April 2014 12:18)
the indicator "Ergodic CCI" is not available. Can you upload this?
asaens (Tuesday, 15 April 2014 02:04)
also the template with the ergotic indicator in it (to have the proper settings)