79# Scalping and Binary with MSP Arrow 1 min and 5 min Setup

Submit by Dimitri   08/2024

Overview

This strategy is designed for traders who prefer short-term trades using the 1-minute and 5-minute time frames. The setup focuses on major and minor currency pairs, indices, and Gold. The trade expiry is set at 5 candles, leveraging specific indicators on the MT4 platform to identify potential trading opportunities.

Indicators and Setup

1. MSP Arrow Indicator:

   • Purpose: To provide directional signals for potential trade entries.

   • Usage: Wait for the MPS Arrow to appear on the chart in the direction you want to trade.

2. Zone Indicator:

   • 1-Minute Time Frame Setup: Set the zone indicator to 15.

   • 5-Minute Time Frame Setup: Set the zone indicator to 60.

   • Purpose: The Zone Indicator helps identify support and resistance areas where price is likely to reverse or continue its trend.

Strategy Execution

1. Identify the Setup:

   • Monitor the charts for the appearance of the MPS Arrow.

   • Confirm that the price is near a support or resistance zone as indicated by the Zone Indicator.

2. Entry Criteria:

   • Buy Signal:

     • MPS Arrow points upwards.

     • Price is near a support zone.

   • Sell Signal:

     • MPS Arrow points downwards.

     • Price is near a resistance zone.

3. Expiry Time:

   • Set the trade expiry to 5 candles after the signal appears. This means if you're trading on a 1-minute chart, the trade will expire in 5 minutes. On a 5-minute chart, the trade will expire in 25 minutes.

4. Risk Management:

   • It is crucial to manage your risk effectively. Only risk a small percentage of your account on each trade, typically 1-2%.

5. Additional Considerations:

   • Avoid trading during major news events as the market can be highly volatile.

   • Ensure that the market is not in a tight consolidation, as signals in such conditions may be less reliable.

Example Trades

• 1-Minute Time Frame:

  • A bullish MPS Arrow appears, and the price is at a support zone identified by the Zone Indicator (set to 15). Enter a buy position with a 5-minute expiry.

• 5-Minute Time Frame:

  • A bearish MPS Arrow appears, and the price is at a resistance zone identified by the Zone Indicator (set to 60). Enter a sell position with a 25-minute expiry.

Conclusion

This strategy aims to capture short-term price movements by using a combination of directional arrows and zone indicators. Proper execution and risk management are crucial to success.

Submit by Revy 20/09/2014

Flat Trend Binary System is based on two indicators: flat trend and double stochastic.

Time Frame 1 min; 5 min

Markets any;

Sessions: London and New York

Expires time

time frame 1min: 5- 10 min at your discretionality.

Time frame 5 min: 20-60 min.

Indicators

Double Stochastic (34, Ema 8);

Double Stochastic (54 , Ema 8);

Flat Trend ( programmer by Kirk Sloan) modified: Flat Trend is based on the two ADX and Sar. This version is shared online, uses always the same indicators but with different setting.

Flat Trend Binary System rules

Buy Put

when  The Two Double smoothed stochastic crosses below 80 level and flat trend have bar red.

Buy Call

when  The two Ddouble smoothed stochastic crosses above 20 level and flat trend have bar green.

This stratedy is also good for scalping.

Initial stop loss 15-20 pips.

Profit Target 10-15 pips.

In the pictures flat trend binary system

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2MA Standard Deviation