Jazib Magnet Indicator is a Binary Options MT4 Indicator that gives easy-to-use buy/sell signals. This setup will suit Scalping and Binary Traders. This indicator is created for the MT4 platform only. Binary options trading is an ever-evolving landscape where traders constantly seek innovative strategies and indicators to make accurate predictions and increase profitability.
Jazib Magnet Indicator leverages three simple indicators – Simple Moving Average (SMA), Relative Strength Index (RSI), and Stochastic Oscillator. With a 100% no-repaint and 3 to 4 minutes expiry, this Indicator offers traders a reliable and user-friendly solution for making informed decisions in the market.
Binary Options MT4 is entirely manual. The indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
This Jazib Trading Indicator 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, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
This is an entirely free Indicator without any restrictions made by the JAZIB TRADING VIP telegram channel. Their main goal is to provide free strategies, software, and advanced signal bots. So show some love for the JAZIB TRADING VIP telegram channel.
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The Main Chart of this Binary Options MT4 Indicator
This Jazib Magnet Indicator is straightforward. Even a complete beginner can start trading and making profits with this system. It will send you a signal alert when a new signal appears. 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.
Jazib Trading Indicator 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-minute through to the 1-month charts.
How the Jazib Magnet Indicator Generates Signals
The Binary Options MT4 generates signals for both buying and selling binary options contracts by utilizing the combined power of three commonly used technical indicators: SMA, RSI, and Stochastic Oscillator. Here’s how it determines the sell and buy signals:
- The asset’s price must be below the SMA 150, a widely used technical indicator that calculates the average price of an asset over a specified period (in this case, 150 periods).
- The RSI (3) should be in the oversold zone (less than 20), which indicates that the asset may be undervalued, and a price reversal might be imminent.
- The Stochastic Oscillator (6, 3, 3) should also be in the oversold zone (less than 20), signaling that selling pressure is decreasing and a price increase may be on the horizon.
To generate a buy signal, the Jazib Trading Indicator looks for the opposite conditions of the sell signal:
- The asset’s price must be above the SMA 150, indicating a bullish trend.
- The RSI (3) should be in the overbought zone (greater than 80), which suggests that the asset may be overvalued and a price reversal might be imminent.
- The Stochastic Oscillator (6, 3, 3) should be in the overbought zone (greater than 80), signaling that buying pressure is decreasing and a price decrease may be on the horizon.
Trading Rules for This Jazib Trading Indicator
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades half & an hour from the high-impact forex news.
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.
For Scalping, it works excellently on M1 or M5 timeframes. But you can use it on any. If used for binary options, a 1-Minute chart is desirable for a 3 to 4 minute expiration(3-4 Candles).
The Jazib Magnet Indicator is a straightforward solution for binary options traders looking to make informed decisions in a fast-paced market. By leveraging the combined strength of the SMA, RSI, and Stochastic Oscillator, this indicator provides traders with no-repaint signals for buying and selling binary options contracts. This Binary Options MT4 Indicator is entirely free and without any restrictions, brought to you by the JAZIB TRADING VIP telegram channel.