Rekon Xs and Market Scanner for Spot and Binary Options

Hi Rekon , I have question, I am using your indicator on FXCM platform which is 5 digit broker, but those indicator for 30 Min timeframe or 15 min. Also, how do i know when to trade binary option with your indicator. Thank you

Hi, you need to read this entire thread to understand how I am using RekonX template and Market Scanner Application for trading spot and binary.

Now, to answer your questions clearly,

A. Timeframe: you can use it for M30 to Daily, I will recommend only two timeframes for intraday spot or binary which are M30 and H4.

B. Binary Option trading: Indian Standard Time 11:30 AM to 3 PM, 7:30 PM to 10:30 PM

*** Please do not overtrade, specially for binary, have a monthly goal and try to exit the market as soon as you are winner even with a single position. Follow the Risk Table to reward your equity and rescue the Equity when requires.

Hope this helps.

*** Important Notification to Market Scanner Users ***

Recently I got engaged with a new long term project, therefore, I am really having less time to maintain my personal projects. I will be less active till the project is over in next 2-3 months.

I will try to join you mostly in US session, will answer your questions and assist you if required mostly in weekends Saturdays and Sundays.

I encourage you to join here and post your thoughts, findings or problems related to RekonX template and Market Scanner Application. I will try to reply within 24 hours.

RekonX template might have expired for some of you, in case you like to continue please email / PM me your email id.

Market Scanner is an Excel based tool, in case you find any difficulty setting it up please do let me know will try resolving it via remote control.

Remote Control Support: Please download and install Team Viewer from http://www.teamviewer.com/hi/index.aspx

Thanks.

Market Scanner Fix for Excel 2007 and later versions

In case you are witnessing problem on setting up the application, please try to follow the steps below:

A. Download OWA files from here
B. Install owc11 file first
C. Next install owc2007sp1-kb937961-fullfile-en-us
D. Read the manual again.

Let me know for further support on this.

Hi, the new users who are having technical trouble for the App please make yourselves available at 9 pm ist; I will be available solving the problem remotely via team viewer.

Market Scanner users pls make sure that you are logging as an Admin with full access to your system

Market Scanner users pls make sure that you are logging as an Admin with full access to your system

To the Market Scanner users, pls make sure that you are installing a full version of ms office 2007. During the installation process select customize and check all features and components to install. If office is already installed then do add or remove features add check all components to install.

Control panel
Programs and features
Ms office .... right click
Change
Add or remove features
Continue
Click on the top hierarchy .. ms office
Select .. run all from my computer
Continue
Wait till office configures all features
After installion restart the system once
Retry the fresh copy of market scanner app

M30 Scan.

A/P and G/P sale signal with ATR high volatility.

We need to check the other time frames till H5, before considering entry.

H1 has no signal, indicates a low performing market, we need to keep checking.

No definite trend in H5 as well, so for this hour we will skip forex, and will now look at stocks to see if there is any entry for us.

Stocks are available for binary, we need to load all the stocks which are presently available with the broker.

Seems good set up on stocks.

I shortlisted the stocks based on H5, now I got a definite stock based on H1. I will try to search for entry on this stock.

With trend entry. M30 pivot is entry.

M30 scan

Simple win

M30 has changed to 3 overbought signal and price is close to R3.