Magnum Scalping is a trading strategy for binary options that also works for scalping major Forex pairs on M5 and M15 timeframes. Its version 3 offers improved stability with a non-repainting arrow indicator for reliable signals.
Strategy Parameters
- Currency pairs: majors
- Timeframe: M5 and M15 recommended
- Option duration: 4 candles
- Trading sessions: London, New York
- Risk management: Risk no more than 2-5% of deposit per trade
Indicators Used
The following custom indicators analyze the market:
- PL Candle time
- Vline 1.1
- Indicator for invertir Mejor
- Support RTF (14)
- Stochastic Buy Sell Arrow (5, 3, 3, levels 80-20)
Chart Setup
To install indicators quickly and correctly, use the template:
- Unzip the archive
- Copy template to templates folder
- Copy indicators to MQL4 -> indicators folder
- Restart terminal
- Open chart of desired pair
- Apply Magnum Scalping V.3 template
The chart should look like this:
Template for Magnum Scalping V.3 trading strategy
Call Option Buy Signals (Upward Movement)
Buy on Forex when:
- Price reaches or breaks lower channel boundary
- Support level forms from red dots
- Green arrow appears
Call option buy signals
Put Option Buy Signals (Downward Movement)
Sell pairs or buy Put when:
- Price reaches or breaks upper channel boundary
- Resistance level forms from blue dots
- Magenta arrow appears
Put option buy signals
Using Magnum Scalping for Scalping
Entry rules remain the same for scalping.
- Set stop-loss 5 pips above/below resistance/support
- Set take-profit 8-15 pips away or close on opposite arrow
Magnum Scalping provides a simple, profitable system suitable for beginners. Test on demo account before live trading.
FAQ
What timeframes work best with Magnum Scalping?
M5 and M15 timeframes are recommended for both binary options and scalping.
How do you manage risk in this strategy?
Risk no more than 2-5% of your deposit per trade by adjusting option size or position volume.
Does the arrow indicator repaint signals?
No, version 3 uses a non-repainting arrow indicator for reliable entries.
