Introduction to the Binary Options Profit Indicator
The Binary Options Profit indicator is a buy/sell arrows system for binary options and forex markets.
The formula used for the signals calculations are based on the four following indicators:
- ADX – Average Directional Movement Index
- DeM – Demarker
- MFI – Money Flow Index
- WPR – Willams Percent Range
It also shows the total number of signals on ITM (In The Money) and OTM (Out The Money) and its success percent rate.
We rate the accuracy of the signals provided by the Binary Options Profit Indicator as a medium, but still worth a try. In the end, it depends solely on the market conditions.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on 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 Options Profit indicator in MT4?
Copy and paste the Binary Options Profit.ex4 or Binary Options Profit.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 Options Profit indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 Binary Options Profit Indicator
To download the Binary Options Profit Indicator for Metatrader 4 (MT4) for free just click the button below: