PRO ITM Miner with RSX trading strategy for binary options and scalping

PRO ITM Miner with RSX is an effective system for binary options trading and scalping on the currency and stock market with accurate signals and simple rules. The trading strategy is designed for binary options, but it is also suitable for scalping on the currency market. This trading tactic is quite simple - the signals of the PRO ITM Miner arrow indicator are filtered by the RSX indicator, which helps to identify short-term trend movements. The rules are generally not complicated and can be used by novice traders.

TC input parameters

•  
• Currency pairs: any (for scalping - with low spread)
• Expiration time for binary options: 2-3 candles
• Timeframe: M15
• Bidding time: any
• Risk management: the option volume (lot) is chosen so that the risk is no more than 2-5% of the deposit per trade

Indicators used

• Pro ITM Miner
• RSX (2)
• BK clock

Setting indicators and system template

•  Unpack the archive with templates and indicators.
• Copy the indicators to the MQL4 -> indicators folder.
• Copy the templates to the templates folder.
• Restart the terminal.
• Open the chart of the desired currency pair.
• Install a template named PRO ITM Miner with RSX.

Signals to buy Call option (Buy positions)

To open a buy trade it is important that the following rules are fulfilled:

• The RSX indicator bar is blue in color.
• A blue upward arrow appeared.

Put option sell signals (Sell positions)

Reverse signals of the indicator indicate an opportunity to sell the asset:

• The RSX indicator bar is purple in color.
• A purple down arrow appeared.

Setting stop loss and take profit (for scalping)

Always use protective orders to safeguard your trading from sharp losses and missed profits:

• Stop loss is set 2-3 pips above/below the signal candle.
• Take Profit is not set in advance; it is recommended to close the position when an arrow appears in the opposite direction. You can also use a trailing stop with a small number of pips.

Before using the PRO ITM Miner with RSX trading strategy on a real deposit, it is recommended to test it on a demo account, especially for beginners.