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Binary Options Indicators: Which ones to use?

A website called best meta trader indicators has published the results of a public poll. This poll’s question was: „What’s your favorite forex indicator?“ and it’s had more than a few thousand replies! That is quite a big number!

The results are pretty interesting and surprising (for me at least) and we will talk about it in today’s article. So get ready and let’s get straight into it.

Forex OR Binary Options indicators?

This website is mainly about binary options and their strategies, and this article and poll are about forex – that’s true. Both are two different things, however they follow the same principles.

Is the price going to go UP or DOWN?

That’s why we can use the same indicators in forex and binary options.

Download these binary options indicators for MT4

Most of these indicators are already installed in MT4 by default. But just to make sure, I have uploaded them for you. You can download them from the link below.

The most favorite binary options indicators.rar ►Download

The most favorite binary options indicator

According to the result’s of the poll, the most favorite binary options indicator is, with 5385 votes, the MACD (Moving Average Convergence Divergence.) This comes as a little surprise, as my personal guess was the the most favorite would be Moving Average or Bollinger Bands.

The full results can be found below. First comes the indicator’s name, the number in the brackets is the amount of votes received in the poll:

  • MACD (5,385)
  • RSI (4,310)
  • Bollinger Bands (4,126)
  • Moving Average (3,967)
  • Stochastic Oscillator (3,523)
  • Fibonacci Retracements (3,348)
  • Other (2,574)
  • Supertrend (2,487)
  • Ichimoku Kinko Hyo (2,484)
  • CCI (1,988)
  • Parabolic SAR (1,393)
  • Trix (1,065)
  • Donchian Channel (969)
  • Williams %R (920)
  • Keltner Channel (895)
  • Momentum (772)
  • On-balance volume (568)
  • Envelopes (500)

Strategies with these indicators

Many strategies published on this website are using one or more of these favorite indicators. You can find a few of them below.

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Binary Options Fibonacci Strategy

The fibonacci retracement tool is probably the least understood, especially among the new traders. They hardly realize about the importance of having this tool by their side in order to take their trading to the next level. Retracements are one of the most prominent elements of any uptrend; therefore developing a trading strategy around this phenomenon

Binary Options ‘3’ Strategy That Works + Video

While we go haywire finding a reliable trading system, we tend to miss out on the obvious. Three indicators strategy ensures high potential profits as it produces exact entry signals confirmed by 3 indicators. Moreover, it can be used with all sorts of currency pairs. This strategy that works is based on three of the most popular indicators – RSI, MA, Stochastic

BBand Stop binary option strategy

BBand Stop Strategy is a 5 minute binary option trade strategy which uses BBand Stop alert indicator in MT4 to define ideal position to enter the trade. This indicator is used along with the Bollinger Bands. How to setup the chart Timeframe: M5 Template: BBand Stop Strategy (Download here: eDisk or UlozTo.Net) How does this strategy work Arrows (pointing up and down) will be displayed over/under

Golden Eye – Trading strategy with 80 % success rate

Golden Eye is a strategy based on the ADX indicator (what is an ADX indicator?) which is used for confirming rebounds. This strategy works well with with M15 timeframe and the trades which are opened for 60 minutes (in direction of longterm trend) or for 30 minutes (against the trend).

I have had a pretty nice profit with this strategy.

I hope I have helped you, good luck with trading!

Free MT4 Indicators For Trading Binary Options – PART 1

If you trade binary options using Meta Trader 4 terminal, then this article is for you.

Especially, if you’re looking for free technical indicators that will help you expand your trading experience and provide trading signals.

Most traders will tell you to just look at Volume and PA (Price Action) using candle stick view. While this method can be very effective, unfortunately it only works for very experienced traders.

Free Demo / $1 Min Trade / No Deposit Required
Visit the first true broker-less trading platform!

Here we would like to present FREE indicators that can be helpful in trading binary options. These indicators will be enjoyed by novice, as well as, more experienced traders who use the MetaTrader 4 platform for technical analysis.

1. Binary Viper indicator with signals

This is a free custom indicator that will detect extreme price levels of an asset based on historical price data and issue signals when these levels are reached. The signals are in a form of green and red arrows which indicate a possible trend reversal.

How to use the Binary Viper Indicator

This indicator is extremely easy to use and very good for higher time frames such as the H1, H4, D1 in conjunction with daily and weekly support and resistance levels. As this indicator repaints trading lower time frames is not recommended. The indicator, in addition to clear arrows shown on the screen will also produce sound and popup alerts by default. This can be modified and turned off in the settings. There are few other additional features too. Please follow this link to learn more.

2. Candle time MT4 indicator

Another very useful MT4 indicator for trading binary options is the candle time clock which counts the duration of each candle. If you decide to use it on a 1 minute charts the clock will go up to 60 seconds. If you use it on a 5 minute chart the clock will go up to 5.00 minutes.

How to use the candle time indicator

After installation you must add right intend in Meta Trader 4 to allow additional space on the screen to display the clock. If you’re trading 1,2, or 5 minute options expiry times than this indicator will be very useful in determining your entry times. This indicator will also help you to understand price movements within each candle. One thing to consider with this indicator is that its time only changes on price movements, otherwise it remains still. Click the link below to download the zipped indicator. It is very lightweight and works on all time frames.

3. Candle Direction Across Multiple Time Frames Indicator

This is a very lightweight indicator that simply sits in the corner of your Meta Trader window and displays the direction of the candle on other time frames. This is a very simple yet useful indicator that helps in recognizing bullish or bearish trends and gives you an quick insight into what is going on with your trading instrument on different time frames.

How to use the candle direction indicator

Using the indicator is very simple and straightforward. The green squares indicate a bullish candle and the red indicate a bearish candle. White squares indicate a possible change of direction or simply lack of price movement. When all squares are green or red you know that the currency pair is trending. This is a good indicator for short term trades, such as the 1, 2, or 5 minutes expiry times.

Conclusion

This concludes the first set of free indicators for trading binary options. I hope that some of you will find them useful in your trading and that you will come back for more interesting indicators. Remember to be focused and confirm all signals with price action patterns. The indicators are only for additional reference.

If you’re looking for a less difficult solution to trading binary options try trading with a professional trader or a signalling service with at least 75% of wins. One of the best ones we’ve seen so far, reaching 85%, are BOTS – binary options trading signals run by Franco in daily live trading sessions.

Remember to always practice on a demo account before going on to a real account! You can also try a few paid indicators and signals, some of them are actually quite good and will give you greater accuracy in trading.

Free Demo / $1 Min Trade / No Deposit Required
Visit the first true broker-less trading platform!

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