Extreme Spike Binary System
Extreme Spike filtered by Support/Resistance and Stochastic
Binary extreme trading for expert with martingale.

Extreme Spike Binary System is a trading system based on extreme spike indicator filtered by Support and Resistance levels with Stochastic oscillator.

The purpose of this strategy is to find the reversal points with Support and Resistance levels.

Time frame 5 min or higher.
Currency pairs: Majors and Indices.
Expire time: 3 candles.

Metatrader Indicators:
X3 Semafor period1 5, period 2 13, period 3 23;
Bollinger Bands 23 period, deviation 2.0;
Professional Support and Resistance Indicator;
Extreme spike

In the same sub window:
Stochastic 5,3,3 wit 30 and 70 levels, RSI 5 and RSI 9 – RSI are optional.

Trading Rules Extreme Spike Binary System
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Call/Buy/Long
The price bounces on the support.
Extreme spike is formed
Stochastic oscillator crosses upwards and break 30 level from the bottom.

Put/Sell/Short
The price bounces on the resistance.
Extreme spike is formed
Stochastic oscillator crosses downwards and break 70 level from the top.
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With this system you can apply martingale.