Magic Oscillator Forex Binary Options Trading Strategy

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Magic Oscillator Forex Binary Options Trading Strategy

The magic oscillator was written for MetaTrader 4 by Vasiliy Smirnov. This indicator is based on the awesome indicator. It determines the entry point for a binary high/low strategy. The timeframe that can be used in this system is 15 minutes or higher and the expiry time would be 3-5 candles. This can be used in any kinds of market. When you use this system, trade in the direction of the trend.

MT4 Indicators:

  • Magic oscillator (inverse setting);
  • Exponential Moving Averages period 4, close;
  • Exponential Moving Averages period 8, close;
  • Exponential Moving Averages period 50, low;
  • Exponential Moving Averages period 50, high;
  • Stochastic oscillator (11,3,3),
  • Strength Candles optional > 60 %;
  • Market panel display control.

General Rule:

  • If the movement of the price is above 50 EMA channel only buy.
  • If the movement of the price is below 50 EMA channel only sell.

Call Entry:

  1. The price is above 50 EMA channel.
  2. EMA 4 is greater than EMA 8.
  3. The magic oscillator has the blue bar.
  4. The stochastic oscillator must cross upward.

Put Entry:

  1. The price is below 50 EMA channel.
  2. EMA 4 is less than EMA 8.
  3. The magic oscillator has the red bar.
  4. The stochastic oscillator must cross downward.

Tips: for best entries, find the currency pairs that is trending. If you are trading on a 15-minute timeframe go 4H TF charts and find the currency pair that is trending.

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