Binary Winner Indicator
Binary winner indicator for mt4 – download free. Best binary trading indicator. Trend reversal indicator for MT4.
Description
The Binary Winner Indicator for MetaTrader is a non-repainting indicator for trading binary options on an MT4 platform. The indicator simply follows the trend, detects a reversal level, and paints a BUY (CALL) or SELL (PUT) accordingly.
This technical indicator is ideal for binary options because of its efficiency in identifying both major and minor reversal levels. Besides, it can be used by both novice and advanced traders alike.
Binary Winner Indicator BUY/SELL Signals
The above screenshot shows how the indicator would look on your MT4 chart. The indicator paints a BLUE or RED arrow to depict an upward/downward move respectively. Furthermore, the indicator can be used on any timeframe, but it works best on the M15 time frame though.
BUY/CALL Signal: Firstly, wait for a clear market structure (on the M15 timeframe, for instance), in this case, an uptrend. Also, wait for the indicator to paint a BLUE arrow, implying a possible move to the upside.
With the above conditions, you may open a BUY/CALL trade at the opening of the next candlestick and exit the trade immediately the third candlestick closes.
SELL/PUT: The above BUY principle is also applicable for a SELL/PUT setup. You may also refer to the above screenshot for a clearer understanding of how to open and exit a trade.
Conclusion
The Binary Winner indicator for MT4 is the best technical tool you can use for binary options. Furthermore, the indicator may also be used along with other technical indicators to filter the signals. What’s more, the indicator is free to download.