This Strategy Binary Options is based on the metatrader indicators: JMO and Pivot Points Levels but is inspired at 1hr trading system Levels Reversal but i have add a new indicator for filter(P.magic rainbow v.7).
Time Frame 240 minutes: Expires time 240 min or 480 depends by depends on the risk that one is willing to accept.
Currency pairs any.
Markets: Forex, Stocks, CFD, Futures, Gold, Silver and Oil.
Metatrader Indicators:
Pivot points Levels,
JMO indicator.
P-magic Rainbow .v.7 (for filter).
Buy
When that the price breaks a support Pivot Point level, wait that jmo indicator come back up from overbought area and crosses upward.
This condition is reliable if P-Magic Rainbow does not break the upper band.
P-Rainbow Magic should fluctuate within the bands.
Sell
When that the price breaks a resistant Pivot point level, wait that jmo indicator come back down from oversold area and crosses downward.
This condition is reliable if P-Magic Rainbow does not break the Lower band.
P-Rainbow Magic should fluctuate within the bands.
Pivot Point Levels Reversal: Binary options One/Touch
Time Frame 240 minutes: Expires time 960 min
The Trading Rules are the same.
In the examples
Pivot Point Levels Reversal in action