223# Binary Market

Submit by FreddyFX 2017

Binary market is a trading system based on momentum filtered by support and resistance zone. This iead is good for trading also withot binary options.

Best time frame 15 min and 30 min but you can use also 5 min time frame.

Currency pairs: majors and indicies (S&P 500, FTSE and DAX).

Expiry time 3 candles.

Metatrader Indicators:

Binary market that is a momentum indicator;

Zone trading that is based on S&R zone.

Trading rules Binary market

Trading only above support or below resistance.

Buy or Call

Support zone on the chart

Trades when yellow line and blue line crosses upward green orizontal line.

Place initial stop loss below the support zone.

Make profit with ratio stop loss 1:20 or predetermined fast profit that depends by pairs and time frame.

Sell or Put

Resistance zone on the chart

Trades when yellow line and blue line crosses downward red orizontal line.

Make profit with ratio stop loss 1:20 or predetermined fast profit that depends by pairs and time frame.

This is a great trading system. You can use also the martingale with multiplier range between 1.5 – 2.0.

Advantages of this strategy is that find the best zone for trading.

Disadvantages at low time frame ( 1 min or 5 min) generates more false signals.

In the pictures Binary market in action.

Share your opinion, can help everyone to understand the forex strategy.