The «Scimitar» Binary Trading System

The “Scimitar” assessment and market forecasting system is based on the use of high-tech combinations of technical indicators. This method allows you to obtain stable, good results on the binary market. Using the approach of this trading strategy in binary trading, traders can achieve up to 90% of their forecasts with profitable expirations of trading positions. This figure is as high as possible and optimal for highly dynamic development of trading profit in the account of the binary market player.

 

The «Scimitar» trading strategy – technical requirements

Given the fact of using proprietary and exclusive indicators in the building of the template system, most of which are not available on specialized platforms for binary trading, there is a need for a third-party high-tech resource for live charts https://www.tradingview.com. This service provides the most accurate market quotes for a huge number of assets, as well as the technical feasibility of using any technical indicator.

To form the working template of the “Scimitar” trading strategy on the technical chart of the underlying asset, you need to install the following set of effective indicators on the quotes:

  • The СМ Parabolic SAR indicator
  • The Wave Trend indicator
  • The Price Oscillator indicator

These analysis tools on the technical service are in the public domain, so the construction of the template does not require additional technical manipulation to find the necessary technical means. After setting up the chart, a systemic pattern of market valuation of the following type will be formed:

The «Scimitar» Binary Trading System

So, we have dealt with the technical side of the system, let’s move on to the practical application of its signals in binary trading. For trading processes, we will require a specialized terminal that offers the optimum working conditions for binary bets, as well as certain technical parameters. For effective trading, the best fit is the professional trading tool from the Binomo broker. This trading terminal offers us the following necessary trading conditions:

  • Highly accurate market quotes
  • More than 80 kinds of financial assets
  • A high level of liquidity of trading bets – up to 90%
  • The fastest possible processing of trade orders
  • The ability to set a chart time frame
  • Expiration of contracts from 1 minute to 24 hours
  • Trading condition parameters with the minimum values – the cost of contracts is $1, the sum of a minimum trading investment is $10

 

The «Scimitar» binary trading system – trading signals

As a trading signal to open contracts on the market DOWN, we use the following technical indicator metrics:

  • The CM Parabolic SAR indicator – dynamic indicator points defining the direction of the trend change their building format from “below quotes” to “above quotes,” and their color changes from green to red
  • The Wave Trend indicator – the blue oscillator line intersects the line consisting of crosses downwards
  • The Price Oscillator indicator – the line of the technical tool has a downward building direction

The «Scimitar» binary trading system - trading signals

After identifying this set of strategy tool metrics, you must go to the trading terminal and open a position DOWN with a binary contract:

Open a position DOWN with a binary contract

As a trading signal to open contracts on the market UP, we use the following technical indicator metrics:

  • The CM Parabolic SAR indicator – dynamic indicator points defining the direction of the trend change their building format from “above quotes” to “below quotes,” and their color changes from red to green
  • The Wave Trend indicator – the blue oscillator line intersects the line consisting of crosses upwards
  • The Price Oscillator indicator – the line of the technical tool has an upward building direction

A trading signal to open contracts on the market UP

After identifying this set of strategy tool metrics, you must go to the trading terminal and open a position UP with a binary contract:

Open a position UP with a binary contract

An effective way of utilizing the “Scimitar” strategy trading signals will be to use trading bets with expiration periods in the range of 5 minutes to 15 minutes. This time period for trading positions on the market will allow you to reduce the risk of losses and maximize the overall performance results.

 

Money management

The rules of risk management for this binary trading system are simple and effective. The whole process boils down to limiting the volume of trading funds used for registering market positions. These rules of limitation have the following characteristics:

  • Bets of the initial cost are used when working on minimum accounts
  • Upon the growth of trading capital we increase the amount of trading positions to up to 5% of the amount of operating capital funds

Choosing A Reliable Broker

BrokerBonusMin DepositPayoutReviewOpen Account
IQ Option$10Up to 91% *ReviewVisit Broker
easyMarketsUp to 50%, not available in EU countries$100ReviewVisit Broker
OlympTradeUp to 100% deposit$10Up to 90%ReviewVisit Broker

Сomments

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