12# Extreme Binary Sniper MT5

Submit by Alexander

Extreme Binary Sniper MT5 is a Binary and Forex Price Action Trading system.

The basic indicator of the system is Extreme Binary Sniper which is below the chart, this indicator repaints to provide a direction bias. Then the entry timing is determined by an arrow in the main chart which must principally agree with the indicator in the window below the main chart.

Setup Strategy

Time Frame 1 minute or higher

Binary time frame 1 minute, 5 minute, 15 minute, 30 minute.

Forex time frame 15 minutes or higher.

Expiry time Binary options high /low 3-5 candles.

Currency pairs: volatility pairs.

Profitability High

Metarader 5 Indicators

Boa Zig Zag arrow Duplex

Candle timer

Extreme Binary Sniper

FBW 3D BC

Support and Demand

TMA Central Bands (also this indicator repaint but it is used only as dynamic support and resistance).

Trading rules Extreme Binary Sniper MT5

Trade only in the direction of the support and resistance level which agrees with the indicator below the Extreme Binary Sniper main chart.

Buy

Buy arrow (FBW 3D BC).

Extreme Binary Sniper (green color).

TMA central Bands aqua color (optional).

The price go up from the support level.

Sell

Sell arrow (FBW 3D BC).

Extreme Binary Sniper (red color).

TMA central Bands red color (optional).

The price go down from the resistance level.

Note. Do not go into buying in the resistance zone, do not go into selling in the support zone.

Exit position for forex trading

Place initial stop loss below/above the previous swing high/low.

Profit target at the Fibonacci levels.

Note. This trading system is recommended more on forex than binary options. The results appear to be much better.

Examples of trades

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