Charting provided by binary brokers are often not adequate enough for serious price action analysis. Trend trader binary option example, you can view multiple charts at the same time and you can create and save your own templates. You can basically configure the entire look and feel of your charts.
The most important thing, however, is the possibility to extend the software and add custom indicators. There are probably hundreds of thousands indicators available on the market. They could be initially programmed for Forex or stocks trading, but many of them could also be used in binary options trading strategy. There are also many free MT4 indicators that can be used as stand-alone, or combined with other indicators to form a whole strategy. The right binary options strategy is basically a winning strategy. One that is optimized to win as much, and as often, as possible with the least amount of losses. To learn some trading strategies visit our free strategies section.
There are also many good binary options trading strategies being sold as a product or service, but whatever strategy you’ll try to learn, you must make it work for YOU. In the end, only that matters. Strategies can work well for some traders, but not work at all for others. Ultimately, your strategy must be within your comfort zone. Keep in mind that a good strategy should include considerations given to your trading habits, eg. This indicator should be used in combination with other indicators. It works on all time frames and all MT4 charts.
The reversal signals are produced when extreme price levels are reached. The price levels are calculated by analyzing historical price data and the present price action. The signals warn of a possible price reversal and upcoming opportunity. Due to the fact that price levels change and the indicator repaints as it adjusts to new levels, special attention must be given to the next candles that will confirm each reversal.
In addition to visual signals on the charts, sound and popup alerts, the Binary Viper indicator will also give you the option to send signals to emails and mobiles. However, if you wish you can also configure email alerts and push notifications to your phone in the indicator’s settings. In order for this to work you’ll need to set up your SMTP email account and add your phone number in MT4 options and settings. As you will see the indicator performs well on a 1 minute chart but we don’t recommend using it on short time frames which tend to have a lot of market noise.
Using the indicator of 1-hour charts will produce better results. This video is in fast motion that shows in total about 30-minutes of trading time. Simply subscribe below and download it for free. 00 indicator is free and for entertainment use only. Note that financial trading is very risky and you may lose all your investment. Always install and use on a demo account. Installing your free mt4 binary options indicator is as easy as installing and running any MT4 indicator.