Forex Binary Code Indicator is a NON-Repaint Binary Indicator for MT4 that gives easy-to-use buy/sell signals. This setup will suit Binary Traders and Day traders. This is a mathematical model of forex and stock market behavior. The indicator is represented as Binary Code. The Binary Code is a way of representing data in a discharge in a combination of two symbols, usually denoted by numbers 0 and 1
- 0 – is a bear data movement
- 1 – is a bull data movement
The indicator makes complex calculations based on current market behavior, analyzes the current trend direction and phase, fixes the moment when a current trend becomes weak, and draws an arrow on the first reverse movement. Traders, using this indicator, have a great chance to open a trade at the beginning of a new trend. The indicator does not repaint. It works with default settings on most timeframes and pairs or even stocks.
Forex Binary Code is an old indicator with another name. The original indicator is called Raitis Cy filter. There is little to say. Only buy and sell arrows have been added in the Binary Code indicator.
Forex Binary Code system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the Binary Indicator for MT4 to send you a signal alert via Mobile Notification, platform pop-ups, and Email. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
Raitis Trading System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 4-Hour charts. It works best on M30 or H1 timeframes.
Binary Indicator for MT4 Trading rules
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Buy signal or Call
- Binary Code/Raitis Cy filter Buy Signal.
- Raitis Price channel below the chart(Green Color).
Sell signal or Put
- Binary Code/Raitis Cy filter Sell Signal.
- Raitis Price channel above the chart(Orange Color).
Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support or resistance as a reference point. You can draw a line from the previous support/resistance to run horizontally to set your Take Profit a few pips below that level. You may also exit the trade manually if the conditions of the system reverse (the opposite Arrow appears).
It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.
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