Kenox Binary System For MT4
The Kenox Binary System For MT4 is based on a trend following trading system. Usually, the traders prefer the Kenox system as it gives or generates the signal along with the trend. The traders are spending huge time in finding the trend only. But this system ex4 files have the unique property that will automatically allow you to execute the new orders with the trend.
You won’t have to give the extra effort to find the desired trend from the market. Exponential moving averages 20, Exponential moving averages 11, and Parabolic and EMA 3 with closed settings are used for the construction of the template.
The sequence arranged so that the traders can prefer the signals that comply with the standard traits of the trend. Even if you try to find the trade against the trend, the system process won’t allow you. You might be wondering it is a very complex process that depends on too many variables but you are making a wrong move. After knowing the sequence, you might consider the Kenox system as the most simplified options trading method.
However, having strong trade management skills is crucial for the proper utilization of this system. If you fail to comply with the system properly, it will be a hectic process to cover up the loss. But we will cover those steps in the trade management section so that get a complete guide to use the Kenox Binary edge. Now let’s, see how the pro takes the call and put option with this amazing strategy.
Call option setup
For our call option setup, we will teach you to execute orders with the first template. The first template doesn’t have the parabolic SAR dots but still provide powerful means to execute our trade. We need a trending Bollinger band that will have a positive slope. We have already said, the system is based on trend momentum.
So, looking for the call option when the slope is negative will be an immature act. The price needs to test the Bollinger band support at least two times. During that time the 3 EMA must cross the 11 EMA which confirms the support or the bounce is the bottom for the price. Before that, you should see multiple red arrows pointing south tell the bears are giving their best to break below the support.
The fact, we have bullish cross along with multiple retests suggests, the bulls have taken over the control. Now it’s time to wait for a green arrow mark. Usually, the green arrow appears after 10-15 candles near the 11 EMA or aqua blue moving average. Open the call option right at the level. The expiry for the trade will be the same as the time frame you are analyzing the data.
But it will be the maximum expiry limit and you might have to trade with lower expiry depending on volatility and future economic news. We will learn more about that in the trade management section. Note that the system can provide very accurate result but it should not force you to trade with high risk.
Put option setup
The second template will be used to take the put option. But this is not a complex process it will create aggressive trading opportunities. For the long or call setup, you had to wait for 10-15 candles. But for this method, you won’t have to wait after you get the full confirmation. The rejection of the Bollinger band is our priority.
The price must test the resistance level more than three times. Failing to break above multiple times clearly shows us the exhaustion of the buyers. Before the rejection, you should see minimum of three red arrows indicating the bears are trying to make a new low. During the rejection, you should notice glowing small parabolic dots above the candles.
The dot is the indication the buyers are no longer willing to create a new high. After 4-5 parabolic dot, you should see the bearish cross in the 3 and 11 EMA. The bearish cross confirms the selling threshold. You should wait for another three candles and see if the EMAs are being respected by the price. Fi the price repels the EMA, short the asset with a great level of confidence.
But don’t get too much biased when you get used to winning trades. Losing trades is a part of this game and you will face it no longer how hard you try to avoid. For this reason, you have to learn to manage the trades with the help of the risk management policy. Generic risk managing policy can give you a 70% win rate but using some advanced tactics, you can improve the win rate over 80% and this will push your trading result above your expectations. Let’s learn to manage trades like a skilled trader.
Trade management techniques
The system can be used in the traditional market that means trades with no expiry. In such a case, the stop will be placed 11- 14 pips above or below the SR point. The take profit will be 3 times the risked amount. The skilled traders, who use the hourly chart, can move the SL to the break-even when the market moves 80% towards the TP level.
Adjust the new take profit to base on the nearest SR level and keep on doing this until you get stopped out by the market. This trailing stops can significantly improve your performance and boost your trading techniques and make you a better trader. The expiry should not be more than 240 minutes when the trades are taken in the hourly or the daily chart.
In case, you prefer to trade the minute chart the expiry should be less than 15 minutes. However, in some special cases, you can take trades with 60s expiry but the payout must be greater than 80% of the risked amount. If you execute orders with low payout, it will be complicated when you deal with a series of losses. For the safety of the investment, you should always lower the leverage. Unless you are confident that you can take advantage of the leverage in a skilled way, you should not try to take high risk.
Download the complete system description and the files here: