The Advanced ITM Miner for Day Trading represents a sophisticated intraday trading method centered around a high-low indicator specifically tailored for Binary Options, complemented by a custom StochRSI filter optimized for MT4. This strategy is equally applicable to high/low Binary Options trading scenarios. Adherence to the strategy's guidelines is crucial for achieving success.
Strategy Configuration
Timeframe: 15 minutes (the indicator exclusively functions within this timeframe).
Trading Session: Berlin, 9:00 - 20:00. It's imperative to adhere to these specified times for optimal profitability.
Currency Pairs: Any (However, it's recommended to select volatile instruments for better results).
Metatrader 4 Indicators
Advanced ITM Miner
StochRSI (default settings)
Symbol Changer
Trading Guidelines for Advanced ITM Miner for Day Trading
Buy Signals
Initiate a buy position when the Advanced ITM Miner displays a buy arrow.
Confirmation: Look for the StochRSI NRP yellow line to cross above the red line.
Sell Signals
Initiate a sell position when the Advanced ITM Miner displays a sell arrow.
Confirmation: Look for the StochRSI NRP yellow line to cross below the red line.
Expiry Time for Binary: 10-15 minutes.
Exit Strategy
Exit options include: exiting at the appearance of the opposite arrow, aiming for a fast profit target tailored to the specific currency pair, or exiting at Pivot Points levels.
Implement an initial stop loss at the previous swing high/low to manage risk effectively.
Download
https://drive.google.com/file/d/1ymL1g8mA8LY4Qe5sFpPwUXr1wjMefGtx/view?usp=sharing
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