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Author Topic: Binary Money Arrow - Accurate and Profitable Scalping for Forex Traders  (Read 531 times)

Dinnil

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Binary Money Arrow - Accurate and Profitable Scalping for Forex Traders




Binary Money Arrow is designed for binary options trading and is built on a combination of trend following indicators, oscillators and support and resistance zones.

 Although this trading system is designed for binary options the same rules can be used for forex scalping complete with a large set of standard indicators (OsMa, MACD, Bollinger Bands Stop) covert under different names and at first glance, the strategy looks like a Christmas tree and looks very complicated.

If you carefully examine the signals and understand the general principle of strategy, it turns out that everything is not so difficult.

This system has been used by forex traders for scalping  on low timeframes .

Characteristics of the Binary Money Arrow

    Chart Timeframes : Lower like 1M 5M and 15M
    Target Pips : 1M 7 Pips, 5M 15 pips, 15M 20 pips.
    Pairs : Works on any pair recommend are GBPUSD, USDJPY, EURUSD
    Trading Times : Tokyo Open, London open and New York open is the best time to open the trades,
    Exits : The exit should be based on the indicators and major support and resistance areas
    Platform: Metatrader4


How to use the system

Due to all the indicators it is better to follow the exact 7 steps for buying and selling

Buy Setup

1 Price is above support zone
2 Bollinger Band Stop (FX MoneyArrow01) direction up
3 Heiken Ashi Smoothed (Binary MoneyArrow02) below the price
4 BMA Power aqua dot with yellow dot
5 BMA Trend aqua dot
6 MACD (Binary MoneyArrow05) aqua bar
7 OSMA (Binary MoneyArrow03) aqua bar





Sell Setup

1 Price is below resistance zone
2 Bollinger Band Stop (FX MoneyArrow01) direction down
3 Heiken Ashi Smoothed (Binary MoneyArrow02) above the price
4 BMA Power red dot with yellow dot
5 BMA Trend red dot
6 MACD (Binary MoneyArrow05) red bar


-We tested and found that trading in the direction of the higher timeframe give more wining trades.

-Easy to use system just follow the rules this system is great for new traders.


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