Introduction to the Binary Code Scalping Indicator Non Repaint
The Binary Code is, as the name suggests, a custom no repaint forex trading indicator for scalping purposes.
When it comes to the trading rules with that gauge, you should simply follow the buy/sell arrows – buy when there is an upside arrow and sell when there is a downside arrow.
You can use this Binary Code indicator as a standalone trading tool or add it to your best-proven trading system or strategy.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Binary Code Scalping indicator in MT4?
Copy and paste the binary-code-indicator.ex4 or binary-code-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Binary Code Scalping indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Binary Code Scalping Indicator Free Download
To download the Binary Code Scalping Indicator for Metatrader 4 (MT4) for free just click the button below: