Extreme Binary Sniper MT5 is a versatile trading system designed for both Binary and Forex markets. Its core indicator, Extreme Binary Sniper, located below the price chart, provides a directional bias, and entry timing is guided by arrows on the main chart, which must align with the indicator in the lower window.
Strategy Setup
Time Frame: 1 minute or higher
Binary Time Frames: 1 minute, 5 minutes, 15 minutes, 30 minutes
Forex Time Frames: 15 minutes or higher
Expiry Time (Binary Options): 3-5 candles
Currency Pairs: Recommended for volatile pairs
Profitability: High
Metatrader 5 Indicators
Boa Zig Zag Arrow Duplex
Candle Timer
Extreme Binary Sniper
FBW 3D BC
Support and Demand
TMA Central Bands (used as dynamic support and resistance)
Trading Rules for Extreme Binary Sniper MT5
Trade Direction: Only trade in the direction that aligns with the support and resistance level that agrees with the indicator below the Extreme Binary Sniper main chart.
Buy
Look for a Buy arrow (FBW 3D BC).
Extreme Binary Sniper indicator in green.
Optionally, TMA Central Bands in aqua color.
Ensure the price is moving up from the support level.
Sell
Look for a Sell arrow (FBW 3D BC).
Extreme Binary Sniper indicator in red.
Optionally, TMA Central Bands in red.
Ensure the price is moving down from the resistance level.
Note: Avoid buying in the resistance zone and selling in the support zone.
Exit Position for Forex Trading
Place the initial stop loss above/below the previous swing high/low.
Set the profit target at Fibonacci levels.
Note: This trading system is more recommended for Forex than for binary options. It tends to yield better results in the Forex market.
Here are a few examples of trades executed using the Extreme Binary Sniper MT5 trading system:
Extreme Binary Sniper MT5 is a versatile tool for traders seeking a price action-based approach in both Binary and Forex markets. It combines the power of various indicators to assist in making informed trading decisions.
Trade examples
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