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The MagnumTrade trading system is based on the work of three unique indicators, these are SupportRTF, Indicator for invertir Mejor and StochasticArrow.
Each of them is a separate trading strategy and has been successfully used in trading for several years.
The MagnumTrade system has been tested in working with various trading assets on all timeframes and, almost always, showed a stable profitability.
Trading system indicators
All indicators have optimized settings, so if you need to change the parameters, you need to do it very carefully, otherwise the system will give erroneous signals to enter the market.
The indicators used have the following functions:
- SupportRtf - shows on the chart of the terminal, formed key levels, based on the price movement in previous periods;
- Indicator for invertir Mejor - forms a trend channel based on the readings of several internal indicators;
- StochasticArrow is a trend oscillator with additional software modules and original settings. Gives a signal to open a deal in the form of arrows on the chart.
The MagnumTrade strategy is multifunctional and can be applied under any market conditions, except for the night flat. That is, the system will successfully work according to the strategy of trading on price troughs, on the trend, or on breaking through strong levels.
Terms for trading
The best conditions for making transactions during the European and American sessions, but you should avoid entering the market during the release of foreign news from 16-00 to 18-00 Moscow time.
To get started, you need to embed all the indicators in the MT4 terminal (download MT4 from here), after which all signals will be displayed on the chart. Next, you need to choose any currency pair, but it is desirable to work with the most liquid assets, these are EURUSD, GBPUSD and USDCAD.
Then you need to set the time period on the MT4 chart with a value of 5M, and set the trade time of the binary options broker to 15 minutes.
You can also use older timeframes, but proportionally increase the trade completion time in the BO terminal.
When all the preliminary settings are done, it remains to wait for the signal in MT4 and, after the opening of the next bar, place an order to buy or sell from the BO broker.
To open an up trade, the following conditions must match:
- The price has reached or broken the lower border of the Mejor indicator channel;
- The SupportRtf support level has formed, in the form of red dots on the chart;
- A green arrow appears with an upward direction. (If the arrow appears after the opening of more than two subsequent bars, then such a signal is considered inaccurate and it is better not to use it);
- After the opening of the next bar, we set a trading position for an increase in the BO terminal.
To open a short trade, the following conditions must match:
- The price has reached or broken the upper border of the Mejor indicator channel;
- The SupportRtf resistance level has formed, in the form of blue dots on the chart;
- A pink down arrow appears. (If the arrow appears after the opening of more than two subsequent bars, then such a signal is considered inaccurate and it is better not to use it);
- After the opening of the next bar, we set a trading position for a fall in the BO terminal.
When trading with this strategy, it is recommended to use the economic calendar and not enter the market when significant news is published.
This system is universal and highly profitable, but trading in the financial markets is always associated with great risks, so all transactions should be done deliberately and follow strict risk management.
Trading pairs: EURUSD, GBPUSD and USDCAD;
Working timeframe: M5;
Expiration: 3 candles;
Time to trade: very strong news should be avoided;
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Template + indicators
To download the strategy, you must leave some comment on this article, immediately after that a link for downloading files will appear here.