Quake SM Forex and Binary System is a robust intraday trading strategy designed for forex and binary options markets. This system offers traders a systematic approach to capitalizing on market fluctuations by harnessing the power of momentum price action. This article delves into the setup, indicators, and trading rules of the Quake SM System for optimal results.
Setup Strategy:
- Time Frame: Utilize a time frame of 5 minutes or higher.
- Currency Pairs: Suitable for trading any currency pairs.
- Binary Options High/Low Expiry Time: Opt for expiry times of 3-5 candles.
- Indicators:Â Quake (a mix of several indicators), FX SR Zones (support and resistance zones), Trend Direction and Force (3 periods, close), Teste Indicator, RSI Hill, SM Robo, and RSI arrow.
Trading Rules:
- Buy or Call: Look for 4 or 5 buy arrows simultaneously appearing in the indicators below the chart.
- Sell or Put: Identify 4 or 5 sell arrows concurrently displayed in the indicators below the chart.
- Exit Position: Exit the trade at the appearance of an opposite arrow, at support/resistance levels, or maintain a minimum stop loss ratio of 1:1.25. Place initial stop loss below/above the previous swing high/low or below/above the support/resistance zone.
- Note:Â Exercise caution when exiting at opposite arrows, as it requires discretion. Practice on demo accounts before implementing real money trades.
Implementation:
For optimal results, focus on signals generated by the five arrows below the chart, which indicate strong momentum and alignment across multiple indicators. Trade execution is recommended from the M5 time frame and beyond to capture intraday market movements effectively.
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Conclusion:
Quake SM Forex and Binary System empowers traders with a comprehensive approach to intraday trading. It leverages momentum, price action, and multiple indicators for enhanced decision-making. By adhering to this article’s setup strategy and trading rules, traders can confidently unlock profit potential and navigate the forex and binary options markets.
