The “Price Border 3 Level ZigZag Reversal System” is a trading system based on 3 Level ZigZag indicator and Price Border indicator ( TMA bands).
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
This is a reversal system for intraday trading or swing. This system is also good for trading with Binary Options High Low.
- Time Frame: M15 or higher (Expiry time for binary options 8-12 candles)
- Currency Pairs: any
MetaTrader Trading Indicators
- Price Border
- 3 Level ZigZag
- Color Stochastic
BUY Rules
- When
- The price touches or breaks the lower bands
- 3 Level ZigZag yellow color
- Color Stochastic red color
- Open BUY when Color Stochastic indicator line crosses above 20 level
SELL Rules
- When
- The price touches or breaks the upper bands
- 3 Level ZigZag yellow color
- Color Stochastic green color
- Open SELL when Color Stochastic indicator line crosses below 80 level
Trading NOTES
- Use a demo account or a small live account first to practice this trading system
- Make a profit at middle band. Place initial stop loss 10- 15 pips below above the bands
- 3 Level ZigZag yellow color and Price Border are repaint indicators