FREE Extreme Binary Sniper MT5 Trading System – Free Download

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Extreme Binary Sniper MT5 Trading System – Free Download​

The Extreme Binary Sniper MT5 is a manual price-action trading system designed to provide buy and sell signals for both binary options and forex markets.

This system, which works with MetaTrader 5 (MT5), is ideal for traders looking for a combination of technical indicators to guide entry and exit points.

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Key Features of the Extreme Binary Sniper MT5 Trading System​

1. Signal Generation:
   • Extreme Binary Sniper Indicator: Located below the chart, this indicator provides direction bias.
   • Buy/Sell Arrows: Visible in the main chart to signal entry points, which should align with the Sniper indicator in the indicator window.
2. Time Frame Suitability:
   • Binary Trading: Suitable for 1-minute or higher time frames with an expiry time of 3–5 candles for high/low options.
   • Forex Trading: Works best with 15-minute or higher time frames for currency pairs, especially those with high volatility.
3. Profit Potential:
   • The system has high profitability for binary and forex trading when used with strong risk management.
   • Recommended for volatility pairs in forex trading.
4. Manual Decision-Making:
   • The system provides signals, but traders are responsible for entry decisions and stop placements.
   • Best results are achieved by combining signals with additional chart analysis for signal confirmation.
5. Indicators Used:
   • Boa Zig Zag Arrow Duplex: A tool for identifying potential trend reversals.
   • Candle Timer: Displays the remaining time for each candle, useful for managing entries and exits.
   • Extreme Binary Sniper: Main indicator that provides direction bias, although it is known to repaint (meaning it can change past signals).
   • FBW 3D BC: Another indicator for directional confirmation.
   • Support and Demand: Shows potential support and resistance levels on the chart.
   • TMA Central Bands: Provides dynamic support and resistance zones.

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How to Use the System​

1. Entry Signals:
   • Wait for a buy/sell arrow to appear on the main chart.
   • Confirm the signal with the Extreme Binary Sniper indicator in the window below the chart.
   • Entry decisions should align with support and demand levels and other indicators for added confirmation.
2. Risk and Reward Management:
   
   • Use sound risk management techniques by setting stop-loss and take-profit levels.
   • Combine this system with your own analysis and only enter trades where you can control your risk-to-reward ratio.
3. Practice First:
   
   • For beginners, testing the system on an MT4 demo account can help gain familiarity with the indicators.
   • Practicing on demo helps in mastering the system’s signals and testing for consistency.

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Extreme Binary Sniper Trading Rules and Strategy Guide​

The Extreme Binary Sniper Trading System provides clear buy and sell signals but requires disciplined money management and an understanding of support and resistance levels for optimal results. This system is generally more profitable in forex markets than in binary options.

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Essential Trading Rules​

1. Money Management:
   • Ensure proper money management to limit potential losses.
   • Manage position sizes based on account balance and risk tolerance.
2. Avoid High-Impact News Periods:
   
   • Do not enter trades during medium or high-impact news periods as they can create high volatility.
   • Avoid trading in low-volume or low-volatility periods and outside major trading sessions.
3. Focus on Key Market Conditions:
   
   • Trade with the trend towards established support and resistance levels, confirmed by the indicator signals.
   • Do not enter trades within support or resistance zones, as they can lead to false signals.

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Entry Rules​

Buy Signal (Call)​

1. Look for a Buy Arrow signal from the FBW 3D BC Indicator.
2. Extreme Binary Sniper Line should be green, indicating a buy trend.
3. TMA Central Bands should show an aqua color, suggesting upward momentum.
4. Price should be moving up from a support level.

Sell Signal (Put)​

1. Wait for a Sell Arrow signal from the FBW 3D BC Indicator.
2. Extreme Binary Sniper Line should be red, confirming a sell trend.
3. TMA Central Bands should be pink, indicating downward movement.
4. Price should be moving down from a resistance level.

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Exit Strategy​

• Fixed Profit Target: Exit based on a set profit level, or use Fibonacci levels as potential profit points.
• Support/Resistance Reference: Consider using recent support or resistance levels, or previous highs/lows, to set a realistic profit target.
• Manual Exit: If the indicator system reverses the signal conditions, consider manually exiting the trade.

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Stop Loss Recommendations​

• Dynamic Stop Loss: Place a stop loss just below (for buys) or above (for sells) the entry price, using the previous support or resistance as a reference.
• Avoid Fixed Stops: Avoid using arbitrary stop-loss points without any support/resistance reference; instead, use the last high/low swing as an exit point.

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Additional Tips for Success​

• Follow Discipline: Mastering discipline, managing emotions, and understanding psychology are key to being a successful trader.
• Only Trade Favorable Market Conditions: Stick to times of good volume and volatility, and avoid exotic currency pairs and pairs with wide spreads.

By following these rules and regularly practicing, you can use the Extreme Binary Sniper system more effectively and increase the chances of consistent profitability in forex and binary options trading.

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