808# How to use Profit Master indicator V.3 -Forex Illumination-
Profit Master reversal indicator
Profit Master secret revelead!!
Submit by Maximo Trader
The template Forex Illunination is based on Profit Master indicator V.3 and heiken Aschi but how to use? This template cam be used for Forex and Binary Options High/Low. In this article I try to answer this question considering that online this template is found everywhere but nobody has clarified how to use os could be used to trade forex and binary options.
Time Frame 5 min or higher.
Currency pairs major, minor and gold.
Platform: Metatrader 4.
Metatrader 4 Indicators:
Profit Master (2-3-4);
Profit Master (5-6-7);
Profit Master (8-9-10);
Pivot points level
Trading rules Forex Illumination
For day trading and Binary Options high low (time frame from 5 min at 60 min).
Expiry time for Binary Options high/low3-5 candles.
Price touches, breaks or near at the upper/lower bands, (this condition is optional but is recommended).
Buy or Call
When three buy arrows appear together with the Profit Master V.3 indicator, wait for the first white candle not with a thin body and enter when the next one opens.
Sell or Put
When three sell arrows appear together with the Profit Master V.3 indicator, wait for the first white candle not with a thin body and enter when the next one opens.
If the first attempt fails, a second entry can be attempted, re-enter.
Note: If the price breaks the bands you can also enter with two arrows.
Exit position at the pivot points levels at the middle band with ratio 1:1 stop loss.
Initial stop loss depends by time frame and currency pairs.
This is an discretionary winning strategy!
Happy trading and making pips!!
In the pictures Profit Master secret revelead!!
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