639# Viper Reversal Scalping System
Binary Options Reversal Trend
Support and Resistance filter of the trend
Viper Reversal Scalping System is a strategy designed for Binary Options that work at 1 min time frame but is also good for scalping. is based on a set of trend-momentum indicators, the basic idea is to filter movements with trend-momentum indicators and to enter the rebound on a support or a resistance. This is not a strategy for beginners but for traders who have experience in itraday with time frames at 5 and 15 min. So in this trading system we have on one side a trend-momentum setting and on the other a price action perspective of the movement, therefore, the technique to be learned requires some time.
Time frame 1 min.
Currency pairs for forex with low spreads.
Currency pairs for Binary Options any.
Expiry time for Binary Options 3-5 candles.
Metatrader 4 Indicators
PL Clock Time
Session Open line
Daily open line.
Moving Average 28 period, open.
Auto pivot levels,
TMS 10EMA Dashboard.
BO Triger 11 period.
JMO V.5 Stochastic oscillator ( 20,3,3).
X Super trend (3.3.).
Trading rules Viper Reversal Scalping System
Buy or Call
Trades only in the direction of the trend (reccomended).
TMS 10EMA Dashboard direction up.
Price bounce on the support of price.
Moving average 28 below all average dot yellow line.
JMA crosses upward
Marco-Osma green bar.
Supertrend green bar.
White buy arrow.
Sell or Put
TMS 10EMA Dashboard direction down.
Price bounce on the resistance of price.
Moving average 28 above all average dot yellow line.
JMA crosses downward
Marco-Osma red bar.
Supertrend red bar.
White sell arrow.
Exit position options:
At the opposite arrow;
Profit target ratio stop loss 1:1.
At the nex level of support of resistance.
Sometimes even 3-4 pips whe the price touches an important support or resistance.
Initial stop loss at the previous swing high/low.
In the pictures Viper Reversal Scalping System in action.
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