MetaTrader’s Simple Binary Options Indicator is the best indicator for trading binary options. This technical indicator plots a signal arrow to indicate a possible reversal when the price reaches a potential reversal level.
How do I trade binary options in MT4?
Binary options are traded on the broker’s website. However, you need the MT4 platform to generate trading signals. So, essentially, MT4 is used to generate (CALL/PUT) signals, while trade execution is done on the broker’s website.
Which is the best indicator for binary options?
There are several good indicators for trading binary options, but MT4’s indicators show excellent trading signals.
Simple Binary Options Indicator Buy/Sell Signals
The screenshot on the face shows how the indicator looks on the chart. The indicator can also be used in tandem with other technical indicators or/and price behavior to filter for false signals.
The indicator comes with LIME and RED arrows for CALL and PUT signals, respectively.
Wait for the indicator to draw the LIME arrow, ideally when the market is in an uptrend. Open the CALL order after the candle closes and exit the trade as soon as the second candlestick closes.
PUT setup: waits for the indicator to draw a red arrow, ideally when the market is in a downtrend. Open a PUT order after the candle closes and exit the trade as soon as the second candlestick closes.
The MT4 indicator is designed to help you trade binary options more effectively.