Binary Options Arrow Indicator » MT4 Indicators MQ4 & EX4.
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What is the RSI (Relative Strength Indicator)? This indicator was developed by Welles Wilder around 1978 when it quickly became one of the most popular oscillator indicators for traders in financial markets. This momentum indicator can fluctuates between 0 and 100 providing overbought and oversold signals. The formula for this indicator is a bit complex:
Profits are going to be taken next way:
Option 1 - using Stochastic - with the first Stochastic lines cross above 70 (for uptrend) / below 30 (for downtrend).
BBand Stop Strategy is a 5 minute binary option trade strategy which uses BBand Stop alert indicator in MT4 to define ideal position to enter the trade. How to setup the chart Timeframe: M5 Template: BBand Stop Strategy (Download here: eDisk or ) How does this strategy work Arrows (pointing up and down) will be displayed over/under […]
3rd way. For additional approval you need to pay attention on higher period in order to see the global trend. Trading binary options opposing the trend is the bad idea, thus signal direction on current timeframe and one above must match together.
just try this with RSI(7) but with GBP/USD and use 5 min chart set +10 TP and you simple will make 100 pip per day wow .:P