Rekon Xs and Market Scanner for Spot and Binary Options

I am selecting USD/NOK for 4 hours, although there is no strong trend at the moment for any pairs. So I am just going with the best odd.

High performing stocks on H5

Selling Cisco.

buying Google.

First Winner.

2nd Winner.

Cisco got stopped out! Problem with trailing stop calculation, anyways the day is over with 2-1.

Good morning Bro, its been a while. Nice to see your still waxing stronger by the day and still bagging those green pips. Until I can acquire the Market Scanner, I'll still be on the sideline watching. I have a lot of questions to ask concerning binary option. I'll send you a message via your yahoo mail. Until then, please continue your good work and forget about what people say because talk is cheap, that's why people talk anyhow. So don't let it stop you from helping others because we look up to you.

Presently it is really a challange for me to make time and balance my personal life, work life, trading and support for my application development. So my FF activities are very less now a days compare to earlier days. I have started a series of trading strategies now so lets hope this series will be able to answer many questions. Market Scanner is an Analytical tool so traders knowing the technicals will be able to make different personalized trading strategies based on that, my focus will be addressing the basics.

Hello Rekon.
I'm also into binary options, I kind of stumbled into it as a newbie, lost money because I was stupid and followed the advice of a stupid 'account manager'.
Why should an account manager be a good trader ? If he were one, he would trade on his own and not work for a company ...
I followed blindly his advice and the result was 11 lost trades in a row, do you believe that ? That is worse than a Martingale system (gambling) which would give 50 % win-loss rate....
Now I have stopped trading for a while and I decided to only learn untill I'm ready, that is when I stop being 'green'. I have studied various strategies on this very helpful Forex Factory and forum. But it's the first one about binary options that is really interesting. The others were all about spot forex, there are differences, but in fact the most important thing is the same : the entry and the choice of the price direction.
Anyway, I have to read some more of your pages and then I'll come back.
Keep up the good work ! I really appreciate it.

Your observation and experience about Account Manager is correct. Please take your time on reading the pages. Work on increasing the win rate ratio before binary

So, today we will try to be bit more analytical. I am entering the Market to apply H4 - MS strategy with win-rate 66.67%.

While Market Scanner is scanning the Daily strength, lets plan the H4 strategy.

1. We are going to do it for Forex only, if we see good trending there, otherwise will move to stocks.
2. We need to measure A. strength of the instrument , B. How long the strength is going to stay, C. Volatility
3. We will take one instrument and split the position into small sizes and will have different TP target today.

Lets Scan the Market!

Alright, so on Daily it is a poor perming market. We got some instruments to watch, now we need to drill down further in the smaller time frames.

So, I took all GBP pairs and USD pairs in H5 bucket, but the Market is poor and technicals are mixed.

H1 is interesting, as you can see some instruments are having volatility which means volumes are coming in shorter time frame and this going to effect on higher tfs eventually.

One M30 Scan, and now we are good to select the pair for trading. By reading all the scan my observation is as below.

A. CAD is week but not confirmed in shorter TFs
B. GBP is strong but not across all TFS, and volatility in Shorter TFs

C. A+B= sell G/C .. now lets see if there is any trade set up for this.

Price is on Pivot and its a Range bound Market, I placed the TP at Support 1. I want to see how long it takes to reach there, based on the situation after an hour I will decide further with all 3 opened positions.

Market Scanner: Update

So this is another update in the queue. I call it "Group By" view of Multi Time frame Analysis. This I will be adding as an additional feature to look at multi time frames at once.

Hmm, only one thing I misread here, in a range bound market I should have done contra entry.