Mbfx binary system
In trending markets, you are buying with the trend: In fact, usually prices are ranging, and if you want to use the strategy during all trading sessions, you need to learn how to trade in a ranging environment. For beginners, it might seem more confusing with the price constantly moving up and down, but like in every other process, it takes practice.
In ranging markets, the price bounces between the support and resistance levels. Your aim is to place trades when the price is in the overbought and oversold zones. I have used many different indicators, including alarms and arrows popping all over the chart, and the truth is that if you focus on the indicators only, you will be lost.
You should focus on the price action and learn to identify retracements, then you have a better chance to be on the winning side. It is not necessary to follow my signals precisely.
You can remove indicators, or add new ones; simply make your own strategy, and make it work for you. Of course, the outcome for everyone will be different, and it all depends on your skills, knowledge and experience.
Knowing the nature of binary traders, I would suggest you start paying attention to the news because, for every trend, there is a reason behind it. Please feel free to share your results with this strategy in the comments below. Should you have any suggestions how to improve the strategy, we are happy to discuss them. You can download free indicators and template. Skip to main content. You can try the strategy first on a demo account, and post your results in the comments below.
Trending markets As I mentioned, I prefer using the strategy in trending markets and placing trades on retracements. Ranging markets In fact, usually prices are ranging, and if you want to use the strategy during all trading sessions, you need to learn how to trade in a ranging environment.
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