Magnum Scalping Trading Strategy is designed for trading binary options, but can also be used for scalping on Forex currency pairs. This is the third version of the strategy, which stands out from previous versions with greater stability and a signal arrow indicator that does not redraw its signals.
Input Parameters
- Currency pairs: major pairs
- Timeframe: M5 and M15 are recommended
- Option duration: 4 candles
- Trading time: London, New York sessions
- Risk management: choose an option size so that risk does not exceed 2-5% of your deposit per trade
Indicators Used
For market analysis, the following custom indicators are used:
- 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 quickly and accurately install the indicators on your chart, use the provided template. To do this:
- Extract the archive
- Copy the template file to the templates folder
- Copy the indicators to the MQL4 -> indicators folder
- Restart your trading terminal
- Open the chart for the desired currency pair
- Apply the template named Magnum Scalping V.3
The chart should look like this:
Buy Call Option Signals (predicting upward movement)
Buy on Forex when:
- Price reaches or breaks the lower channel boundary
- A support level forms from red dots
- A green arrow appears
Buy Put Option Signals (predicting downward movement)
Sell currency pairs or buy a Put option when:
- Price reaches or breaks the upper channel boundary
- A resistance level forms from blue dots
- A raspberry-colored arrow appears
Using Magnum Scalping Strategy for Scalping
When applying the Magnum Scalping strategy for scalping, the entry rules remain unchanged.
- Stop-loss order is recommended to be placed 5 pips above/below the resistance/support level
- Take-profit is recommended to be set at 8-15 pips, or close the position when an arrow in the opposite direction appears
Magnum Scalping Trading Strategy for Binary Options and Scalping is a simple and profitable system. The strategy rules will not be difficult even for beginner traders. Before using the Magnum Scalping strategy on a real account, we strongly recommend testing it on a demo account.
Download Magnum Scalping strategy template and indicators
