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.
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!
Binary Options Indicators
In this category are published only the best and most accurate binary options indicators. All binary options indicators on this site can be downloaded for free. Most of them are not repainted and are not delayed and will be a good trading tool for a trader of any level.
About the category “Binary Options Indicators “
Binary Options Indicators, unlike forex indicators, have their own specifics. In order to make a profit on binary options trading, it does not matter how many pips the price goes. What matters is only the direction of the price movement.
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Despite this, many forex indicators can work fine in binary options trading. Only need to make adjustments to the trade itself and the interpretation of trading signals. And also, choose a suitable expiration.
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How Binary Options Indicators Work
Thus, the indicators of binary options should only accurately indicate the direction of price movement in a given time interval. The number of pips is irrelevant. Based on mathematical and statistical calculations, the indicators for binary options provide the trader with a graphical display of the entry point and the type of binary option.
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In this category you can find a selection of the best, accurate binary options indicators according to traders and download for free.
Binary Options Profit – more than 80% ITM on binary options
Binary Options Profit is another arrow indicator for trading on classic binary options Call and Put. When you install it on a chart, you can see the percentage of the indicator’s profitability, which often exceeds 80%. This is a very, very good result! But is it really so? Is the Binary Options Profit so good in reality? Let’s figure it out.
Characteristics of the Binary Options Profit
- Platform: Metatrader4
- Asset: Any currency pair
- Trading Time: Around the clock
- Timeframe: Any (recommended M15, M30)
- Expiry: until the end of the current candle
- Recommended broker: Binomo, Binary, IQOption
Indicators of Binary Options Profit
The Binary Options Profit uses 4 standard indicators MT 4:
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By default, the indicator settings are as follows: ADX (4), DeM (4), MFI (2), WPR (2). You can, if necessary, change these settings at your discretion depending on the specific market situation, timeframe and currency pair.
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Rules of trade by Binary Options Profit
When you install Binary Options Profit on the chart, you will see the indicator signals and the information panel. As with any arrow indicator, the Binary Options Profit signals are very clear: the blue arrow up – Call, the red arrow down – Put:
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According to my observations, the indicator counts the number of ITM and OTM deals from the moment the signal appears and with the expiry – until the end of the current candle. In this case, the profitability will be maximum. Therefore, this indicator does not have a fixed expiration time. Only until the end of the candle.
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Very important! For a successful trade with Star Profit Option requires broker that does not create delays in the opening positions and has a zero spread. That is a broker Binomo. In addition, Binomo regulated by International Finance Commission:
