AscTrend Binary System For MT4
Table Of Contents:
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The AscTrend Binary System For MT4 is specially designed for traders who want clarification in each trade. Making money in the options trading industry is not so easy as you have to deal with the expiry period.
The traders become frustrated after losing a few traders and they break the rules. They eventually blame the system or the market and quit trading. But this system is quite different. MA 2 Signal, AK Zig Zag pointer, ArrZZx2, AscTrend Phase JMA MA, KDJ is used as the prime indicator.
Just by seeing the template don’t get puzzled as the system is easy to understand. Before you teach you how to trade the call and put option, we are telling you that you must use the KDJ reading with caution.
Many traders often get reluctant while taking the KDJ reading and end up with losses. But don’t panic it’s more like reading a stochastic indicator. Let’s find out how we can take the call and put option with this method.
Call option setup
The call option is nothing but taking the long trade. Since our trade will have an expiry period, we are using the technical term call option. At the first step, we have to look for the bullish arrow mark below the candlestick.
The bullish arrow mark alerts us that the purple and blue moving average is going to experience a bullish cross. After the bullish cross takes place in the asset, wait for a small green dot. The green dot signals us that the price is making a new higher high in the lower time frame.
To get a better picture, you can get back to the 1-minute chart and you will higher high in the price. Now comes the most important part, the trade filter. In the KDJ line, the red line will cross the blue and green lines below. The cross must take place right at the 20 levels.
Though we can consider some deviation from the 20 levels it can significantly weaken the trade signal. To take the best shot, you need to trade the cross at that level only.
Put option setup
For the put option, the bearish arrow mark is required near the resistance level. The bearish arrow mark might be supported by the red dotted line and this indicates the selling pressure is extreme. Cautiously wait for a small red dot in the chart as it will tell you to market is making a lower low in the minute chart.
Now comes the KDJ filter part. The red line will cross the blue and the green line right at the 80 levels. Similar to your long trade, we can expect some deviation in the place where the bearish cross takes place but it might damage the quality of the trade setup.
You don’t have to worry about the position of the cross if you take the trade-in M30 and above time frame. The only reason traders find the cross in the odd place they take trades in a lower time frame. However, the cross might be present in odd time frames during press conferences, FOMC meeting minutes, NFP, or any high impact news.
The indicators are not programmed to design to read the sentiment of the market and thus you should avoid such news. However, if you manage to learn to analyze the major news, you can take some high-quality trades with this method.
But this method should be tested in a practice account. Never try anything new in the volatile market especially when real money is involved.
Useful advice
This trading strategy is extremely useful but we often forget to deal with the expiry period. The minimum expiry period for this trading model is 30 minutes. If you trade with less expiry period, it will be a tough call to make money.
People often wonder the market price is manipulated and no one can make a profit. But if you take the trades in the options market, you have a great chance to make a profit from the AscTrend Binary System For MT4. You don’t have to depend on the exit point precisely as the trade will be closed automatically.
As an active user, you have to rely on a conservative trading method as it will improve your edge. Forget about the aggressive approach and learn to take the trades with a 1 % risk. After you master the technique of accepting the loss, this system can generate some hefty profit.
Always rely on your trading method regardless of the outcome. Breaking the rules and trying to recover the loss is a very big mistake and you won’t be able to become a successful trader. If you even lose 10% of the balance with this method, stick to this method and trade the option that has a payout above 75%. Soon, you will be able to recover the losses.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
