Trading strategy for binary options and scalping Magnum Scalping

Magnum Scalping trading strategy is intended for trade binary optionsIt can also be used for scalping. This is the third version of the strategy, which differs from the previous ones in greater stability, as well as the arrow indicator, which does not redraw its signals.

Input parameters

• Currency pairs: basic
• Timeframe: M5 and M15 are recommended
• Option duration: 4 candles
• Bidding time: London, New York.
• Risk management: choose such a volume of option, so that the risk was not more than 2-5% of the deposit per trade.

Used indicators

• PL Candle time
• Vline 1.1
• Indicator for invertir Mejor
• Support RTF (14)
• Stochastic Buy Sell Arrow (5, 3, 3, 80-20 levels).

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install the template named Magnum Scalping V.3

The schedule should look like this:

Signals indicating the purchase of a Call option (predicting an upward movement)

• The price reached or overcame the lower limit of the channel;
• A support level of red dots was formed;
• A green arrow appears.

Signals indicating the purchase of a Put option (predicting a downward move)

• The price reached or overcame the upper limit of the channel;
• A resistance level was formed from the blue dots;
• A crimson arrow appeared.

Using the Magnum Scalping Strategy for Scalping

• When applying the Magnum Scalping strategy for scalping the rules for entering a position remain unchanged.
• It is recommended to place a stop-loss order 5 pips above/below the resistance/support level.
• Take Profit should be set at a distance of 8-15 points or close the position when the arrow of the opposite direction appears.

Trading strategy for binary options and scalping Magnum Scalping - is a simple and profitable system. The rules of the strategy will not cause difficulties even for beginning traders. Before using Magnum Scalping strategy on a real deposit, we strongly recommend you to test it on a demo account.

Download Magnum Scalping Strategy Template and Indicators

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