Binary Option Scalper Update – 2017
From The Desk of Trader Ed : Hey Fellow Traders,
We all know that markets change, price action, volatility, etc. Brokers, both Forex and Binary Options have had many changes (most for the better) in the past few years. The Scalper was first created by yours truly in 2012 and has really never needed any updates as to the actual system and indicators. What I have updated is the way we trade it. When I first created it, we didn't have 10 minute expiry times, about the only thing we had was a rotating 15 minute expiries that made our actual expiry time for our trades fall somewhere inbetween 6 minutes and 25 minutes. The Scalper still performed quite well but was a little difficult to trade at times. But now we have it working like a well oiled machine.
Well how do we do that? Thought you would never ask. We still generate trades on the M5 chart but we place our trades with MarketsWorld on the rotating 10 minute platform which gives us an exact expiry at the end of the second 5 minute candle. Works like a charm, let me explain.
Scalping The Aussie/USD Explanation Chart
1. You receive a down or up color change alert/text box. Default is alert to possible color change. You can right click on the short trend line and activate actual color changed alert also or deactivate one or the other. I like the possible change to have an early heads up. Don't mess with the other settings. NOTE: (This system does not use arrows. This is specifically to avoid confusion). The arrows on these charts are for illustration.
2. Now you are looking for the actual solid color change of the dual colored shorttrend line to sky blue (for a call) or coral (for a put) trade. Then the yellow no lag MA to have crossed the shorttrend with both lines having a definite slope in the direction of the trade and a little space between them.
3. When you have that, you put your crosshairs on that candle and look down to the PPO window where you want to see the blue line to have crossed the red and both heading in the direction of the trade. If all is good, jump in for a 10 minute trade expiry. It could be a less than 10 minutes because of the time confirming but you want to be in the trade not more than 2 minutes past the opening. If it gets too late, just wait for the opening of the next candle and if all still continues to look good, jump in.
Now take a look at my above pic. Just on the aussie/usd there were 3 positive trades and 2 maybe's in 1 and 1/2 hours. Actually there was another positive trade as it is okay to make a re-entry when the lines touch or cross and re-cross. This means we could have entered another sure call trade on the candle after the #2 trade expiry for another winner. The maybe's are because in those 2 trades, the crossover might have been too late after the opening of the candle and the candle after that wasn't a valid trade. You can see on the 3 sure trades, and also the one I missed, that if you were late, the trades would have been fine on the next candle also. I don't recommend more than one trade per alert except in the case of the re-entry as explained above. Monitoring your 3 favorite pairs during decent market activity should generate plenty of trades within a couple of hours.
One other thing, look at the 2 lime arrows on the pic. They are indicating no trades because the shorttrend line is not a solid color. It is part coral and part sky blue, indicating an unsure trend change.
The system has morphed into this new explanation because the way we traded it 5 years ago does not apply anymore. This is because of change in markets and the availability of 10 minute expiry times. Send me a support email if you have any questions.
9 Good EUR/JPY Trades Generated in 3 Hours During a Very Recent Tokyo Session
Binary Option Scalper Live Trade Video
Results Trading the Scalper For About 1 Hour While Watching T.V.
O.K. so here's the deal, if you already own the Binary Option Scalper, start trading it this new way. If you don't have it, grab it with the purchase button at the bottom of this page. It's only $37. the very lowest end of our trading systems price range. Start building a small arsenal of different trading systems so you will be able to trade one system when another doesn't seem to be working well with the current market conditions. Or like Candice, she likes to trade 2 different systems at the same time. Just like playing a sport or enjoying a hobby, you need the right equipment. Well if you are going to trade currencies ( which by the way can be much more lucrative) you need a few different systems in your trading arsenal. Makes sense, doesn't it? Well don't forget that you have my personal unlimited email support for anyone of my systems that you purchase and trade. Blessings, Good Luck and Happy Trading from Trader Ed!
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