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Binary Options Signals

The Binary Options Signals Indicator for MT4 is the best indicator for Binary options trading. It is a great tool for traders who want to gain an edge in the Forex market and make more informed trading decisions. Free download!

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Description

Binary Options Signals Indicator for MT4 is a technical trading tool that predicts the next candlestick formation. It analyzes the trend movement to determine the type of candlestick (bullish or bearish) that will most likely be formed next.

The signal of the indicator can be used to trade the binary options with better precision. Therefore, it is suited for beginners/intermediate and experienced options traders.

What is the best indicator for binary options?

Most binary options traders use indicators like moving averages, awesome oscillators, stochastic oscillators, etc. In the end, it all comes down to preference and how an option trader understands and uses the indicator. However, one of the best binary options indicators we can recommend is the Binary Options Signal indicator for MT4.

The indicator delivers arrow-based signals exclusive to binary options trading. It prints a green and red arrow, indicating CALL and PUT signals, respectively. The signals are displayed using a combined technical analysis of the Exponential Moving Average (EMA) and the Relative Strength Index (RSI).

Features of Binary Options Indicator

The indicator generates one of the best binary options signals with arrows that do not repaint. It works on all time frames; however, it is recommended to be used on the M15 time frame for optimal CALL and PUT signals.

Furthermore, the indicator has a functioning alert system that pops on the screen to notify traders of a CALL or PUT signal. Finally, the indicator’s settings are customizable.

Benefits of Trading With Binary Options Indicators

  • Delivers optimized CALL and PUT signals: The indicator identifies a CALL/PUT opportunity when the signals of the EMA and RSI are in sync, hence the accuracy.
  • Beginner-friendly: The indicator is suitable for a beginner options trader to participate in binary options trading.

Indicator Description Settings

The indicator comes with the following customizable settings:

FasterEMA: Period of the faster EMA

SlowerEMA: Period of the slower EMA.

RSIPeriod: Period of the RSI.

Alerts: Enables/Disables signal alerts.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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