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Rekon Xs and Market Scanner for Spot and Binary Options

  • #241
  • Feb 19, 2014 7:22am Feb 19, 2014 7:22am
30 mins scan

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  • #242
  • Feb 19, 2014 7:29am Feb 19, 2014 7:29am
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  • #243
  • Feb 19, 2014 7:58am Feb 19, 2014 7:58am
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  • #244
  • Feb 19, 2014 8:02am Feb 19, 2014 8:02am
Hi rekon,

what are your MM when trading BO?

and can you refresh us ur trade entries for call and put with the trend? thanks
  • #245
  • Feb 19, 2014 8:05am Feb 19, 2014 8:05am
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  • #246
  • Feb 19, 2014 8:09am Feb 19, 2014 8:09am
Quoting acit
Hi rekon, what are your MM when trading BO? and can you refresh us ur trade entries for call and put with the trend? thanks
Well, lets play it differently, I showed you the entire procedure of thinking and taking the trade. Can you come forward and explain

A. Why I took the trade?
B. when I took the trade?
C. How long I monitored the trade?
  • #247
  • Feb 19, 2014 8:15am Feb 19, 2014 8:15am
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  • #248
  • Feb 19, 2014 9:14am Feb 19, 2014 9:14am
Quoting acit
Hi rekon, what are your MM when trading BO? and can you refresh us ur trade entries for call and put with the trend? thanks
A. I consider USD 10 is the minimum stake for a binary trade. (How you interpret this with your account Equity that's up to you)
B. You are asking this question it means still you are not able to differentiate between Binary and Spot. So called Spot MM will not work here.
C. In Binary I introduced you Risk Table which has a monthly goal, compounding and recovering power to the equity in case of loss in first position and so on.
D. I yet to start with discussing statistical probability using in Binary and taking risk on the best ODD.
  • #249
  • Feb 19, 2014 9:20am Feb 19, 2014 9:20am
Descriptive Statistics: When you see the Market Scanner Screen

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  • #250
  • Feb 19, 2014 9:49am Feb 19, 2014 9:49am
Descriptive Statistics: contd.

You can visually measure / read the indicators (RSI, Stoch, CCI, ATR ..etc) ... and do a probability measure between "confirmation - with trend' and 'disagreement - counter trend'

But you must need to know disagreement for RSI is not same with disagreement of Stoch rather when StochRSI disagrees the trend it gives more weightage on counter trend.
  • #251
  • Feb 19, 2014 3:28pm Feb 19, 2014 3:28pm
Hi Renkon, I have question, Is your indicator with market scanner only for the Binary option, not forex right?If it is only for binary option, i do see the pop up Like Negative Pin Par, Engulf pattern, Dark cloud, and more. but we only trade when the Dark cloud and engulf pattern right, other pop up just disregard
  • #252
  • Feb 19, 2014 5:13pm Feb 19, 2014 5:13pm
Quoting ngoanhoang3
Hi Renkon, I have question, Is your indicator with market scanner only for the Binary option, not forex right?If it is only for binary option, i do see the pop up Like Negative Pin Par, Engulf pattern, Dark cloud, and more. but we only trade when the Dark cloud and engulf pattern right, other pop up just disregard
Well, if you trade in higher timeframes like H4 then the other price action patterns useful but in shorter timeframe they are not. DCC and pinbars can be traded in M30.

If you want to do spot with price action then please switch to H4.
  • #253
  • Feb 19, 2014 5:24pm Feb 19, 2014 5:24pm
hi, if I want to trade binary option on the 15 min, so I set up 30 min chart on the MT4 and wait for dark cloud and engulf pattern to enter the trade on broker binary right combine with market scanner
  • #254
  • Feb 19, 2014 5:35pm Feb 19, 2014 5:35pm
Market Scanner Doubt Clearing Session

In only one month time we able to form a Market Scanner Group of users and I am happy to say all the MS systems in different geographic are now running fine.

Now, it is time to have a small informal session with all the users. I propose for a short online get-together where we will be doing doubt clearing on various topics of Market Scanner.

I would recommend to limit the discussion on MS's trading strategies only.

I am inviting all MS's users to join the meeting and take most out of it.

Meeting Time: 28th Feb, Friday 10:30 PM Indian Standard Time
Meeting via: Skype and Team Viewer
Meeting duration: 30 Mins, depends upon participation it can extends to 1 hour

Note: I am planning to conduct atleast one meeting on Market Scanner related possible updates and trading strategies discussion.
  • #255
  • Feb 19, 2014 5:40pm Feb 19, 2014 5:40pm
Quoting ngoanhoang3
hi, if I want to trade binary option on the 15 min, so I set up 30 min chart on the MT4 and wait for dark cloud and engulf pattern to enter the trade on broker binary right combine with market scanner
It could be a good idea, but DCC success on M15 is near about 70% in my opinion, but if you able to read what the rekonX template combinly saying then the success percentage will go higer than 85%, because you will resist yourself not taking the trade blindly on DCC, and you can use other signals from other indicators as well from the template.
  • #256
  • Feb 20, 2014 6:46am Feb 20, 2014 6:46am
Time for trading.
  • #257
  • Feb 20, 2014 6:47am Feb 20, 2014 6:47am
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  • #258
  • Feb 20, 2014 7:03am Feb 20, 2014 7:03am
With Trend Entry - consider 5 Hrs Scan instruments are trending.

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  • #259
  • Feb 20, 2014 7:12am Feb 20, 2014 7:12am
Next, 1 Hr Scan for the Trending instruments, which gives me only 2 instruments to watch for the hour.

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  • #260
  • Feb 20, 2014 7:18am Feb 20, 2014 7:18am
If we are doing with trend entry, we need to wait for the price a bit up for a better entry.

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