206# Launcher TRX Final System
Reversal Trading with SR and Momentum
Submit by Ron 06/2017
Launcher TRX Final System is a reversal trading system suitable for trading for binary options high/low and scalping. This system is based on finding areas of overbought and oversold.
The key of this system is a the interpretation of support and Resistance lines.
Time frame 5 min or higher.
Currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, GBP/JPY, EUR/JPY, Indices: S&P 500, FTSE, DAX.
Expiry time 8 candles.
Metatrader Indicators:
Launcher TRX Final Indicator,
MBFX Timing
Stochastic oscillator (5,3,3) with levels 20 and 80.
Suppor and resistance indicator.
EMA 20 period, close.
Trading rules Launcher TRX Final System
Buy or Call
Price close below the lower band of Launcher TRX Final and bounce on Support line.
MBFX Timing and Stochastic are in oversold area and crosses upward.
Sell or Put
Price close above the upper band of Launcher TRX Final and bounce on resistance line.
MBFX Timing and Stochastic are in overbought area and crosses upward.
Exit for scalping
Profit Target at the 20 EMA or 7-12 pips.
Place initial stop loss above below the SR lines.
In the pictures Launcher TRX Final System in action.
Share your opinion, can help everyone to understand the forex strategy.
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Write a comment
bart (Wednesday, 21 June 2017 12:40)
Hi Ron,
You've forgotten to upload your system. What are you settings for TRX launcher?
Dre (Monday, 03 July 2017)
What are the settings for the support and resistance indicator!