226# Forex MT4 System Cycle

Submit by Leonard

Forex MT4 Systems Cycle is a trading system for trading and Binary Options high/low.

This strategy is based on Forex MT4 System Cycle indicator, but the filters for entries are the 3 candle after the signal and Stocastic oscillator in overbought and oversold zone.

Time frame 1 min or higher.

Currency pairs for binary options high/low (majors, minors indices and shares).

Expiry time 2-3 candles.

Metatrader Indicators:

FX Pivots Levels

Forex MT4 Systems Cycle setting ( price action filter 1, length 3, major cycle 4 period, RSI Filter 21 period, SMA filter 12 period, ). This is a repaint indicator but we have the filters for trading.

Stochastic Oscillator (8,3,3 with levels 70 and 30).

Trading Rules Forex MT4 Systems Cycle

Buy

Stochastic oscillator is in oversold area.

When appears arrow buy of Forex MT4 Systems Cycle, for entry wait the 3 candle with the condition that 2 candle has the minimum > the minimum of the 1 ° candle.

Stop loss below the last low.

Profit Target with ratio stop loss 1:1

Sell

Stochastic oscillator is in overbought area.

When appears arrow sell of Forex MT4 Systems Cycle, for entry wait the 3 candle with the condition that 2 candle has the maximum < the maximum of the 1 ° candle.

Stop loss above the last high.

Profit Target with ratio stop loss 1:1

In day trading you can use also pivot point levels as S/R lines and wait that the price bounces.

In the pictures Forex MT4 Systems Cycle in action.

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