The Binary Options Lifestyle® System
The Binary Options Lifestyle® System
Let’s setup your new template!Let’s setup your new template! If you
If you don’t know how to put indicators on your MT4 please click on the link below to read thedon’t know how to put indicators on your MT4 please click on the link below to read the instructions.
instructions.
Do not try to open the files. Extension .ex4 is not to be
Do not try to open the files. Extension .ex4 is not to be open. It is to be put open. It is to be put on your MT4.on your MT4.
Download the .zip file and extract all the files to somewhere in your computer. The instructions Download the .zip file and extract all the files to somewhere in your computer. The instructions on the link will guide you on what
on the link will guide you on what to do afterwards.to do afterwards.
http://en.tradimo.com/learn/metatrader-4/install-custom-indicator/
http://en.tradimo.com/learn/metatrader-4/install-custom-indicator/
How to use
How to use the system:the system:
1-1- Put all indicators on a pair on the M5 chart and maximize the candles 3 times from thePut all indicators on a pair on the M5 chart and maximize the candles 3 times from the minimum size.
minimum size.
The colors of the candles or background is optional. Only the size is important. You’ll know The colors of the candles or background is optional. Only the size is important. You’ll know why.
why.
You can use the system in any pairs you wish. I particularly like to have 10 pairs open at most. You can use the system in any pairs you wish. I particularly like to have 10 pairs open at most. Signals are frequent and too many pairs open may confuse us.
2-2- Make a template when your chart is ready with all indicators and the proper candle size.Make a template when your chart is ready with all indicators and the proper candle size. (How to make a template:
(How to make a template: Just right-click on a chart, then chooseJust right-click on a chart, then choose TemplateTemplate ->->
Save
SaveTemplateTemplate,,and name it “BOL System”).and name it “BOL System”).M5M5 chart always. chart always.
Tip:
Tip: If you name it “Default” instead, all new chartsIf you name it “Default” instead, all new charts you open from now on will comeyou open from now on will come
with the BOL system ready. No need to load the template.
with the BOL system ready. No need to load the template.
Your template should look like this: Your template should look like this:
a)
a) The bombs The bombs (non-repaint)(non-repaint) b)
b) Support and Resistance linesSupport and Resistance lines c)
c) BOL Fight Simulator BOL Fight Simulator (the 8 circles on the right) (the 8 circles on the right) d)
d) BOL High & LowBOL High & Low(the green line below the main chart)(the green line below the main chart)
Trading rules: Trading rules:
1-1- You will get a bomb with an alert message.You will get a bomb with an alert message.
2-2- You will check if theYou will check if the BOL High & LowBOL High & Low green line is at one of the extremities of the indicator. green line is at one of the extremities of the indicator.
3-3- You will check if at least one of the circles from theYou will check if at least one of the circles from the BOL Fight SimulatorBOL Fight Simulator is displaying the is displaying the color of your trade (
color of your trade (redred for PUT and for PUT and greengreen for CALL). for CALL).
4-4- If the candle is close to a support or resistance line, you wait until it touches it, then youIf the candle is close to a support or resistance line, you wait until it touches it, then you open a 5 minute trade in the beginning of the next candle. If S&R is far, just open the trade open a 5 minute trade in the beginning of the next candle. If S&R is far, just open the trade based on the
based on the other 3 indicators.other 3 indicators.
5-5- This picture displays a perfect entry. The pointed line This picture displays a perfect entry. The pointed line is where I is where I took it. In the took it. In the beginningbeginning of that last candle.
Let’s get to
Let’s get to know the indicators of the system and their respective functions!
know the indicators of the system and their respective functions!
1)
1) The bombsThe bombs: The bombs show up when the candles are in some overbought or oversold: The bombs show up when the candles are in some overbought or oversold areas. It means that price is about to
areas. It means that price is about to““blow upblow up”” and very soon we’lland very soon we’ll have a have a reversal candle.reversal candle. This indicator does not repaint!
This indicator does not repaint! However, as we know, we can’t tell which candle exactlyHowever, as we know, we can’t tell which candle exactly will reverse on those overbought and oversold areas. That’s why the
will reverse on those overbought and oversold areas. That’s why the bombs alone are notbombs alone are not signals themselves and we’ll use other indicators to k
signals themselves and we’ll use other indicators to know exactly when to take the trade.now exactly when to take the trade.
2)
2) BOL Fight SimulatorBOL Fight Simulator: Those 8 circles simulate the battle between Buyers and Sellers: Those 8 circles simulate the battle between Buyers and Sellers within each candle.
within each candle. LimeLime and and greengreen represent the Buyers and represent the Buyers and orangeorange and and redred represent represent the Sellers. The stronger the color, the stronger their strength. These numbers represent the Sellers. The stronger the color, the stronger their strength. These numbers represent calculations with 8 variables. They will show us
calculations with 8 variables. They will show us the present (they change colors along withthe present (they change colors along with the price) and sometimes it shows us the
the price) and sometimes it shows us the futurefuture (they change colors before the candle(they change colors before the candle does)!
does)!
A strong CALL signal is when for instance, the candle is closing bearish (
A strong CALL signal is when for instance, the candle is closing bearish (↓↓) and) and BOL FightBOL Fight Simulator
Simulator is already is already displaying anydisplaying any greengreen circles (it doesn´t matter how many). A less strong circles (it doesn´t matter how many). A less strong but also valid signal is when the circles started blinking the reversal color, even though it just but also valid signal is when the circles started blinking the reversal color, even though it just blinked. Just blinking is fine too.
blinked. Just blinking is fine too.
A not confirmed signal is when I get an alert for a PUT trade, but all circles are green and I see A not confirmed signal is when I get an alert for a PUT trade, but all circles are green and I see no signs of red whatsoever. It means that the buyers are ruling strong.
no signs of red whatsoever. It means that the buyers are ruling strong. I won’t open a PUTI won’t open a PUT trade until I see some red circles. Sometimes the candle reverses and you let it go. Wait for trade until I see some red circles. Sometimes the candle reverses and you let it go. Wait for another signal. Better safe than sorry. Or
another signal. Better safe than sorry. Orif it hasn’t reversed yet,if it hasn’t reversed yet, you just keep watching until you just keep watching until it displays some red circles. There you go. It was worth the wait. Open a trade in the next it displays some red circles. There you go. It was worth the wait. Open a trade in the next candle and bam! Y
3)
3) BOL Support & ResistanceBOL Support & Resistance lineslines: The best way to explain how these suppor: The best way to explain how these support and resistancet and resistance lines influence our System is using the Magnet Analogy. Imagine that those lines are a lines influence our System is using the Magnet Analogy. Imagine that those lines are a magnet and the candles are made from metal. Therefore, the magnet will always try to magnet and the candles are made from metal. Therefore, the magnet will always try to pull the metal towards it. For this reason, if we get a confirmed signal on a candle that pull the metal towards it. For this reason, if we get a confirmed signal on a candle that closed next to those lines but didn´t touch them
closed next to those lines but didn´t touch them, it’s better not to, it’s better not to open the trade rightopen the trade right now. After all, the magnet (S&R) will probably pull the metal (the candle) towards it. In now. After all, the magnet (S&R) will probably pull the metal (the candle) towards it. In these cases we’d better wait and only take the trade after the candle touches those lines. these cases we’d better wait and only take the trade after the candle touches those lines. If there are no support or resistance lines close by, I will trade based on
If there are no support or resistance lines close by, I will trade based on the other indicators.the other indicators. Once again, better safe than sorry.
Once again, better safe than sorry. It’s better to miss a trade than to lose one.It’s better to miss a trade than to lose one. ;) ;)
Ps: We don´t need to trade only when price is at support and resistance, but of course those Ps: We don´t need to trade only when price is at support and resistance, but of course those are very strong trades.
are very strong trades. 4)
4) BOL High & LowBOL High & Low (the (the greengreen line indicator below the main chart): More than 70% of the line indicator below the main chart): More than 70% of the times that line goes to the extreme levels of the indicator, making new tops and bottoms, times that line goes to the extreme levels of the indicator, making new tops and bottoms, we’ll see a candle reversal.
we’ll see a candle reversal. However, since we want an over 90% winning rate system,However, since we want an over 90% winning rate system, we’ll use the other indicators along.
we’ll use the other indicators along.
Ps:
More on how to
More on how to trade the system…trade the system…
You can either wait for the bomb alert or you can scan through the pairs and look for pairs where You can either wait for the bomb alert or you can scan through the pairs and look for pairs where the
the BOL High & LowBOL High & Low indicator is at one of the extremities.indicator is at one of the extremities. In other words, about to make a newIn other words, about to make a new top or a new bottom.
top or a new bottom.
PS: I want you to pay close attention to this point of the system as I consider it the most PS: I want you to pay close attention to this point of the system as I consider it the most important. When
important. When BOL High & LowBOL High & Low makes new tops and new bottoms in our eyesight (with themakes new tops and new bottoms in our eyesight (with the candles at the size I told you) you can expect a candle reversal. To know exactly where, we’ll candles at the size I told you) you can expect a candle reversal. To know exactly where, we’ll count on the other indicators to give us more precision.
count on the other indicators to give us more precision. The perfect setup would be this
The perfect setup would be this:: BOL High & LowBOL High & Low is at one of the extremities about to make a is at one of the extremities about to make a new top or a new bottom. Price is closing right on or through a nice Support or Resistance line. new top or a new bottom. Price is closing right on or through a nice Support or Resistance line. The circles of the
The circles of the BOL Fight SimulatorBOL Fight Simulator already changed colors. Bam, you open a 5 minute tradealready changed colors. Bam, you open a 5 minute trade at the last second of that candle
at the last second of that candle. That’s it guys. It’s not complicated. ;). That’s it guys. It’s not complicated. ;)
But the thing is, we won’t see this perfect setup so frequently, so we can juggle with some But the thing is, we won’t see this perfect setup so frequently, so we can juggle with some combinations of the 3 indicators too!
combinations of the 3 indicators too! Important points to consider:
Important points to consider:
1-1- Make sure you understand theMake sure you understand the Magnet Analogy Magnet Analogy . I don’t open a trade if the candle is close to. I don’t open a trade if the candle is close to a S&R line and hasn’t touched it.
a S&R line and hasn’t touched it. As I said, trading only off As I said, trading only off S&R is not mandatory, but theseS&R is not mandatory, but these are the strongest trades. Otherwise, if there´s no S&R close by,
are the strongest trades. Otherwise, if there´s no S&R close by, I’ll make sureI’ll make sureBOL High & LowBOL High & Low and
and BOL Fight SimulatorBOL Fight Simulator are saying yes. Then I take the trade.are saying yes. Then I take the trade.
2-2- If price hits a Support or Resistance line butIf price hits a Support or Resistance line but BOL High & LowBOL High & Low is in the middle or is in the middle or BOL FightBOL Fight Simulator
Simulator hasn’t showed any signs of reversal, I won’t do hasn’t showed any signs of reversal, I won’t do anythinganything..
3-3- If you want to trade during news, make sure you use the most conservative mode possible.If you want to trade during news, make sure you use the most conservative mode possible. Or just don’t trade during news.
Or just don’t trade during news.
4-4- Let’s say the candle is closing bullishLet’s say the candle is closing bullish ( (↑↑) and) and BOL Fight SimulatorBOL Fight Simulator has already fixedhas already fixed orangeorange or
or redredcircles at the time it closes, it’s a very strong signal.circles at the time it closes, it’s a very strong signal. It’s like it’s showing us the futureIt’s like it’s showing us the future before it happens. Good signal for PUT. However, if red was at least blinking during that before it happens. Good signal for PUT. However, if red was at least blinking during that candle, even though circles were all green
candle, even though circles were all green at the time the candle closed, at the time the candle closed, it’s also a signal.it’s also a signal. In a nutshell: A signal is when the circles either changed colors ultimately (very strong) or In a nutshell: A signal is when the circles either changed colors ultimately (very strong) or when the colors at least were trying to show up during that candle (good signal too, given when the colors at least were trying to show up during that candle (good signal too, given the other parameters).
the other parameters). The few times I skip the
The few times I skip the BOL Fight SimulatorBOL Fight Simulator confirmation is when the other 2 indicators areconfirmation is when the other 2 indicators are extremely juicy. Ie: Price is closing by a nice S&R and
extremely juicy. Ie: Price is closing by a nice S&R and BOL High & LowBOL High & Low is extremely high oris extremely high or low. You’ll know when it happens.
5-5- SometimeSometimes I open a s I open a trade at the touch of a Support or Resistance line, instead of waiting fortrade at the touch of a Support or Resistance line, instead of waiting for it to close. When the candle is too big compared to the other candles around and I see some it to close. When the candle is too big compared to the other candles around and I see some other confirmation from the other indicators, I don’t wait for the candle to close.
other confirmation from the other indicators, I don’t wait for the candle to close. I open a I open a trade at the touch of a S&R line. Darn right that candle will retrace and I will get a nice win. trade at the touch of a S&R line. Darn right that candle will retrace and I will get a nice win. Use this strategy when it’s not a news candle. (Recommended for advanced users of the Use this strategy when it’s not a news candle. (Recommended for advanced users of the system).
system).
6-6- Take the first trades with $1 until you feel comfortaTake the first trades with $1 until you feel comfortable with the system. It’s gonna be yoursble with the system. It’s gonna be yours forever and the sky is the limit.
forever and the sky is the limit.
7-7- Questions like: What is “close to a S&R line”? How far enough is good? How big should theQuestions like: What is “close to a S&R line”? How far enough is good? How big should the candle be for me to trade at the touch
candle be for me to trade at the touch??Etc. These are questions I can’t answer. In fact,Etc. These are questions I can’t answer. In fact, there’sthere’s no answer to those questions. You will know after some acquaintance with the current no answer to those questions. You will know after some acquaintance with the current market behavior and the indicators of the
market behavior and the indicators of the system.system.
8-8- Sometimes I like taking 15 minute trades instead! My broker pays more for 10 - 15 minuteSometimes I like taking 15 minute trades instead! My broker pays more for 10 - 15 minute trades.
trades.
9-9- As I said before, I don’t always wait for the bombs. I look for pairs whereAs I said before, I don’t always wait for the bombs. I look for pairs where BOL High & LowBOL High & Low is is at one of the extremities about to make new tops and bottoms!
at one of the extremities about to make new tops and bottoms!
10-10- If the candle touched a S&R line but retraced and closed with a big wick, wait for the nextIf the candle touched a S&R line but retraced and closed with a big wick, wait for the next candle. It’s better when the
candle. It’s better when the body of the candle is touching or crossing those lines. Look atbody of the candle is touching or crossing those lines. Look at the perfect entry in the example below:
the perfect entry in the example below:
1-1- BOL High & LowBOL High & Low is making a new juicy bottom. is making a new juicy bottom.
2-2- Candle is closing bearish (Candle is closing bearish (↓↓) with its body on ) with its body on that support andthat support and BOL Fight SimulatorBOL Fight Simulator has has already 4 green circles.
already 4 green circles. What a perfect signal!What a perfect signal!
The SS&RR strategy
The SS&RR strategy
Double Support & Resistance Double Support & ResistanceDisclaimer: For advanced traders only
Disclaimer: For advanced traders only
1-1- Switch the Japanese candles to the Line Switch the Japanese candles to the Line mode (optional):mode (optional):
2-2- Draw support and resistance lines on theDraw support and resistance lines on the BOL High & LowBOL High & Low indicator, based on the moreindicator, based on the more extreme tops and bottoms your eyesight can reach:
extreme tops and bottoms your eyesight can reach:
3-3- The reason why I like to The reason why I like to use the Line mode instead of the Japanese candlesticks is that whenuse the Line mode instead of the Japanese candlesticks is that when you trade Support and Resistance from the main chart in combination with support and you trade Support and Resistance from the main chart in combination with support and resistance from the
resistance from the BOL High & LowBOL High & Low indicator, the Line mode will give you a clearer vision.indicator, the Line mode will give you a clearer vision. But if it’s too unusual for you, stay with
4-4- Open a trade when you see simultaneous supports or resistances being hit at the same time.Open a trade when you see simultaneous supports or resistances being hit at the same time. You don’t need to wait for the candle to close. You can open the trade at the
You don’t need to wait for the candle to close. You can open the trade at the simultaneous simultaneous touches. That’s it.
touches. That’s it.
That candle retraced and I had a nice winner over there! That candle retraced and I had a nice winner over there!
5-5- They both should be considerable (I like tThey both should be considerable (I like to call juicy) supports and resistances. If o call juicy) supports and resistances. If your are notyour are not confident to open this trade, just stick to the basic rules and wait for the candle to close. confident to open this trade, just stick to the basic rules and wait for the candle to close.
6-6- I put this advanced mode here I put this advanced mode here because with time you’ll know when you should take tbecause with time you’ll know when you should take t his kindhis kind of trade. This is
of trade. This is me wanting to share with you exactly how I me wanting to share with you exactly how I trade, with all my tricks and stuff.trade, with all my tricks and stuff.
7-7- Master the indicators and the basic rules as Master the indicators and the basic rules as you are familiar with the palm of you are familiar with the palm of your hand. Thenyour hand. Then you can take off from there.
you can take off from there.
That’s it guys!