In this version Magnum Scalping V3 has new arrow indicator that not repaint and also support/resistance indicator. This trading system can be used for both binary options high/low or forex scalping trading.
Magnum Scalping V3 is match with all forex currency pairs to trade and at 5 min or 15 min timeframe chart. After this system is installed successful the chart at MT4 platform should be look like below:
Magnum Scalping V3 Strategy |
INDICATORS:
- SuppRTF: It draws the support and resistance levels as colored dots horizontal lines at the main chart. It can helps traders to find important point to decide the market entries. These levels can also used as the market swing levels.
- Stochastic Arrow:It generates oversold and overbought signal as like as Stochastic. The oversold condition is marked by the upward arrows while the overbought condition with the opposite arrows.
- M15 TMA Bands: Work as the dynamic support and resistance. The lower band area is used to decide buy entry points while the upper band levels for sell entries. This can also helps the trader to adjust their stop-loss level while doing trading according to the market price action progresses.
The Rule of Magnum Scalping V3
BUY Entry- Price bars breaks through the border of the lower band.
- The red points of the support level was formed.
- A green arrow pointing upwards was appeared.
SELL Entry
- Price bars breaks through the border of the upper band.
- The blue points of the support level was formed.
- A red arrow pointing downwards was appeared.
Read Also:
Supreme Profit Forex System
Trade Zone Area Indicator MT4
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