217# Extreme Spike Binary System

Submit by Francis 2017

Extreme Spike Binary System is a trading system based on extreme spike indicator filtered by Support and Resistance levels with Stochastic oscillator.

The purpose of this strategy is find the reversal points with Support and Resistance levels.

This system requires pratice.

Time frame 5 min or higher.

Currency pairs: Majors and Indices.

Expity time 3 candles.

Metatrader Indicators:

X3 Semafor period1 5, period 2 13, period 3 23;

Bollinger Bands 23 period, deviation 2.0;

Professional Support and Resistance Indicator;

Extreme spike

In the same sub window:

Stochastic 5,3,3 wit 30 and 70 levels, RSI 5 and RSI 9 – RSI are optional.

Trading Rules Extreme Spike Binary System

Call

The price bounces on the support.

Extreme spike is formed

Stochastic oscillator crosses upwards and break 30 level from the bottom.

Put

The price bounces on the resistance.

Extreme spike is formed

Stochastic oscillator crosses downwards and break 70 level from the top.

With this system you can apply martingale.

In the pictures Extreme Spike Binary System in action.

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