Power Trading System trading strategy
The Power Trading System is an effective system for binary options trading and scalping in the currency market. It is easy to use and is based on only two indicators, which makes it accessible to both beginners and experienced traders.
Input parameters:
- Currency pairs: any (for scalping it is recommended to choose pairs with low spread)
- Expiration time for binary options: 2-3 candles
- Timeframe: M5 and above
- Bidding time: any
- Risk management: risk management taking into account the set stop loss
Indicators used:
- Supertrend (10, 2.5)
- InstantFX
- Murrey Math AllTF
Rules for opening buy trades (Call option):
- The line of the Supertrend indicator is below the price.
- A green up arrow appears.
Rules for opening trades for sale (Put option):
- The line of the Supertrend indicator is above the price.
- A red down arrow appeared.
Setting stop loss and take profit (for scalping):
Before using the Power Trading System trading strategy for binary options and scalping on a live account, it is recommended to test it on a demo account, especially for beginners.
- Stop loss is set a few pips above/below the signal candle.
- Take profit can be set at a ratio of 1.1:1 to the stop loss or to the Murray levels.