MetaTrader’s Simple Binary Options indicator is best for trading binary options. This technical indicator paints a signal arrow indicating a possible reversal when the price reaches potential reversal levels.
How Do I Trade Binary Options in MT4?
Binary options are traded on the broker’s website. However, you need the MT4 platform to generate a trading signal. So essentially, MT4 generates (CALL/PUT) signals while trade execution is done on the broker’s website.
Which is The Best Indicator For Binary Options?
There are several good indicators for trading binary options, but the indicator for MT4 shows outstanding trade signals.
Simple Binary Options Indicator BUY/SELL Signals
The above screenshot shows how the indicator would look on your chart. The indicator may also be used in sync with other technical indicators or/and with price action to filter false signals.
The indicator comes with LIME and RED arrows for CALL and PUT signals, respectively. Furthermore, the M15 time frame is ideal for generating CALL/PUT signals. It is also essential to state that arrow signals on abnormally long candlesticks should be avoided.
CALL Setup: Wait for the indicator to paint a LIME arrow, ideally when the market is an uptrend. Open a CALL order after the candle closes and exit the trade immediately after the second candlestick closes.
PUT Setup: Wait for the indicator to paint a RED arrow, ideally when the market is a downtrend. Open a PUT order after the candle closes and exit the trade immediately after the second candlestick closes.
The indicator for MT4 is designed to help you trade binary options more efficiently. Finally, you can get the indicator for free and apply it to your chart immediately.
Simple Binary Options MT4 Forex Indicator Free Download
Read More Greezly Bot Pro EA FREE Download