# Black Arrow with Support and Resistence

Black Arrow with Support and Resistence is a binary high/low strategy for trading in forex market and with binary options high/low.
Time Frame 5 min r (only for binary options).
For forex 15 min or higher.
Currency pairs: EUR/USD, AUD/USD, USD/CAD, AUD/CAD, USD/JPY, GBP/USD, NZD/USD, EUR/AUD, EUR/JPY, EUR/NZD, USD/GOLD, USD/CHF, AUD/JPY, NZD/CAD, AUD/NZD.
Expiry time binary options high/low 3 candles.
Black Arrow default setting
Color Stochastic (10, 3, 3,)
Support and resistance indicator MT4 with test
AJ Arrow price action.
Trading Rules Black Arrow with Support and Resistance
The necessary and sufficient condition, to get into position, the price must bounce on a support or a resistance. If the support or resistance has already been tested it is the best condition.
Price bounce on the support.
Black arrow
Color stochastic red line.
Sell
Price bounce on the resistance.
Sell AJ Arrow (is optional)
Black arrow
Color stochastic blue line.
Exit position
Initial stop loss below/above support and resistance
Profit target with ratio stop loss minimu, 1:1 , before the next support or resistance or at oppposite Black Arrow.
All the indicators of this strategy recalculate, no the stochastic oscillator. but the condition set for trading is important.
How to install Black Arrow with Support and Resistence
Installing Black Arrow with Support and Resistence To Your MT4 Charts
What follows below are the easy steps to install the Black Arrow  System to your MT4 platform. This should only take 5 minutes of your time.
Step 2. Extract the Black Arrow with Support and Resistence .zip into a folder
Step 3. Go to the folder you have just extracted
Step 4. Copy all indicators, to your Meta Trader indicators folder : The indicator is usually located at C:\Program Files\Meta Trader 4\expert\indicators Step 5. Black Arrow with Support and Resistence .tpl into your Meta Trader templates folder : The indicator is usually located at C:\Program Files\Meta Trader 4\templates You are done with the installation process.
In the pictures Black Arrow with Support and Resistence.