Viper Reversal trading strategy for binary options and scalping

Viper Reversal trading strategy is focused on trade binary optionsbut can also be used to scalping. The strategy is based on buying an option when the price rebounds from support/resistance levels. It is recommended to open positions in the direction of the current trend.

Input parameters

• Currency pairs: any (for scalping - with low spread)
• Expiration time: 3-5 candles
• Time frame (for scalping): М1
• Bidding time: any
• Risk management: choose such a volume of option (lot), so that the risk was not more than 2-5% of the deposit on one transaction

Used indicators

• PL Clock Time
• Session Open line
• Daily open line
• Moving Average (28, open)
• Auto pivot levels
• TMS 10EMA Dashboard
• BO Triger (11)
• Super Dem
• Marco-Osma (13, 50, 13)
• JMO V.5 Stochastic oscillator (20, 3, 3)
• X Super trend (3.3)

Setting indicators and system template

• Unpack the archive with templates and indicators
• Copy the indicators to the folder MQL4 -> indicators
• Copy the templates into the templates folder
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named Viper Reversal

The schedule should look like this:

Signals indicating the purchase of a Call option (opening a Buy position)

• TMS 10EMA Dashboard indicator shows an upward direction;
• the price has pushed back from levels of support;
• Moving Average line (28) below the line of yellow dots;
• JMO V.5 Stochastic oscillator lines are crossed from bottom to top;
• Marco-Osma indicator bar is green;
• Supertrend indicator bar is green;
• a white arrow upwards appeared.

Signals indicating the purchase of a Put option (opening a sell position)

• TMS 10EMA Dashboard indicator shows a downward direction;
• the price has pushed back from resistance level;
• Moving Average line (28) above the line of yellow dots;
• JMO V.5 Stochastic oscillator lines are crossed from top to bottom;
• Marco-Osma indicator bar in red;
• Supertrend indicator bar in red;
• a white down arrow appeared.

Setting Stop Loss and Take Profit in Scalping

• stop loss is set above/below the previous local maximum or minimum;
• Take Profit is set at a ratio of 1 to 1 with a stop loss or near the next support/resistance level. It is allowed to close the position when the arrow appears in the opposite direction.

The richness of the strategy with trading technical indicators, according to Fortrader experts, complicates its use by novice traders, so the strategy is best suited for traders who already have sufficient experience in trading.

Before using Viper Reversal trading strategy for binary options and scalping on a real deposit, we recommend that you test it on demo account.

Download Viper Reversal Strategy Template and Indicators

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