Free binary option indicators

Free Binary Options Indicator for MT4 – Binary Viper v 1.0.

Do you use MetaTrader for your technical analysis to support your binary options trading? If not than you should really think about using this free software to your advantage. Charting provided by binary brokers are often not adequate enough for serious price action analysis. If more elaborate charts are offered you still don’t get the option to save your configuration settings and add custom signals to the chart view. There are other benefits in using free MetaTrader software to trade binary options.

For example, you can view multiple charts at the same time and you can create and save 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.

Binary Options MT4 Indicators.

There are many binary option indicators out there, some are as costly as $600 and some are completely free. The expensive indicators tend to have one thing in common, they usually generate BUY/SELL signals and a whole trading system build around them. They also feature customer support for at least a couple of months after purchase, sometimes for the whole year. There are also many free indicators that can be used as stand-alone or in conjunction with other indicators to form a binary options strategy. Here are few examples of custom MT4 indicators .

What is the right 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 and not as good for others so ultimately your strategy must be within your comfort zone. Remember that a good strategy should include considerations given to your trading habits, eg. time of day you’re trading, assets traded, expiry times, chart set ups, but also sound money management and a lot of self-control.

Introducing Binary Viper.

Free Binary options MT4 indicator.

Whether this indicator will help you to form a strategy with other free indicators or whether it will be your only indicator, Binary Viper will help you to trade binary options. It is mostly effective on higher time frames such as the H1, H4, D1. The indicator works on all time frames but if you intend to use it on the 5 minute chart you should confirm your signals and overall trend on a higher time frame such as the 15 minutes or the 30 minute charts.

Binary Viper MT4 indicator will give you reversal signals marked with Up/Down arrows. 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 us of a possible price reversal and upcoming trade 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. As this indicator is free to use we do not provide any additional support but we advise to use it with daily and weekly support and resistance levels and candle pattern formations such as the Pin bar.

Get ready for free binary options signals.

In addition to visual signals on the charts and sound and popup alerts, the Binary Viper indicator will also give you the option to send signals to s and mobiles. Upon installation, by default the Binary Viper is configured to run sound and pop up alerts within the MetaTrader and you don’t need to do anything to run them.

However, if you wish you can also configure 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 account and add your phone number in MT4 options and settings.

Can also be used in Forex trading.

This indicator can be used on all types of trading. Since the Binary Viper is a trend predicting indicator it works very effectively on 1H, 4H, 1D charts that are used in intraday trading or swing-trading. It will also work well for long-term traders who look at the weekly and monthly charts. Binary Viper will help you recognize the support and resistance points that mark price reversals. On weekly or monthly charts the signals can indicate considerable price movements.

See Binary Viper indicator in action.

Below is a short video that shows the Binary Viper free mt4 indicator running on 1 minute GBP/USD chart. As you will see the indicator performs well on a 1 minute chart but we don’t really recommend using it on short time frames which tend to have a lot of market noise. Using the indicator of 1hour charts will produce better results. This video is in fast motion that shows in total about 30 minutes of trading time.

Features of Binary Viper v1.0.

Here is a full list of the features of Binary Viper, the free binary options indicator for MetaTrader4:

Works on all time frames . BUY / SELL signals marked by UP / DOWN arrows (for educational use only!) Can be used on its own or in conjunction with other indicators for additional support Settings can be configured by user (color, alerts, data) Includes sound alert – may be switched off Includes a pop up alert – may be switched off Includes alert – may be switched off Includes text messaging – may be switched off It’s FREE! – Simply subscribe below and download it for free.

Binary Viper v. 1.00 indicator is for educational and entertainment use only . Please note that financial trading is very risky and you may lose all your investment. Therefore, always use professional help from your financial advisor before trading on a live account.

Installation of Binary Viper.

Installing your free mt4 binary options indicator is as easy as installing and running any MT4 indicator. Follow these steps to get started:

If you haven’t already install MetaTrader4 Go to File – Open Data Folder Copy and paste or move the downloaded and extracted indicator into MQL4 / Indicators folder Close MetaTrader and the Data Folder too Open MetaTrader again Go to Insert / Indicators / Custom and choose BinaryViper v1.0 Your indicator will load onto the screen.

Binary Viper trading strategies – How to use this indicator.

Although the signals produced by Binary Viper do a pretty good job at indicating when price action is about to change, in trading, no signals or indicators are 100% accurate and fully market-proof. Because this indicator repaints so not all the signals will be fully accurate and you will find that at times the buy/sell arrows will move with the price. Having said that, if you use this indicator wisely and in addition with other supporting indicators such as the Bollinger Bands (as it’s shown in the video), it can produce fantastic results.

One thing to add that may serve as additional guidance in using the Binary Viper MT4 indicator is that you may find it is better to enter the trade after the next candle has been confirmed. So in practice if the the indicator shows a DOWN arrow on the price action going up, ideally you should wait until the arrow settles and the next candle confirms the signal.

Please feel free to come back to this page and in public comments share your strategies and results using Binary Viper. !

Alternative approach.

If you are looking for a more guided approach and want to use the knowledge and timing of a professional trader then think about using the Binary options trading signals (BOTS) system with daily LIVE trading sessions. This is good especially for beginner traders. It is advised to first trade with experienced traders and learn from them how to time your trades, which is especially important in binary options trading.

28 Comments.

Hello, I downloaded it and installed on mt4 in indicators list. I got a popup signal alert on the mt4 and I traded it and I got a profit but some problem is that after a long time of 15 timeframe I can’t see the arrows on the mt4 chart and also no popup signals reaches after popup alert true no popup signals alerts come. It does not repaint the arrows. Please tell me when it repaints the arrows on the chart?

If the popup alert doesn’t work simply restart your MT4 platform. These signals repaint, but not all the time. Many times they will not repaint, it depends on the market’s volatility. Draw daily and weekly support and resistance levels on your charts and compbine them with the signals to predict a trend reversal. Please keep in mind that these signals are unlike other binary options signals in that they only appear when the price action reaches certain price levels. Trading on the 15min charts or higher you just need to be patient and wait. The signals will come eventually, but don’t expect to receive 50 signals a day. Expect about a few strong signals during the day. I hope this helps.

what is best pair? and is that okay timeframe is 5 or 15 mins can helpful profit no more repaint?

It’s been mostly tested on EURUSD and GBPUSD and USDJPY. The indicator will work on all time frames but it’s best to use it on higher time frames such as H1 to D1. This version of the indicator repaints because price can change. As new price level is reached the indicator will adjust and follow to mark a new high or low.

i hopeful that i hate repaint.. i love nonrepaint… i want to make too easy to show arrows on indicator is comfortable than complex…

I didn’t get this completely. Kindly can u elaborate the below para which is from ur description above.

(It is mostly effective on higher time frames such as the 15m and 30m and of course the 1H and 4H. The indicator works on all time frames so if you intend to use it on the 5 minute chart you should confirm your signals on a higher time frame such as the 15 minutes of even the 30 minute charts.)

Basically you can confirm your signal (trend) on a higher time frame. For example if you’re on 5 minute chart and you have a signal pointing down and the the price action is changing its direction, you can confirm this on a 15 minute chart to see what the indicator is showing you there. If it’s also pointing down or has pointed down and the trend is bearish, there will be slightly greater probability that the price on the 5 minute chart will also go down. I hope this helps.

The indicator is a blank file, and does not install, unless I’ve installed incorrectly. The file looks like a blank white page, usually an indicator has the number 4 on it. Can you help.

The downloaded file is a zipped file. You need to unzip it and then you will see the. ex4 file.

Hello i am interested in the Binary Viper Software can it be used with Any broker that is regulated?

Sure, this doesn’t matter much as the software runs on MT4.

I was wondering if the new version is available? I’ve downloaded the one on this page which shows as.

Binary Viper v 1.0.

Hi. No, no new versions of this indicator.

I’m only showing the arrows on my MT4 charts? not the 3 lines around the candlesticks?

Hi Michael. Those are Bollinger Bands. You can add them in your MT4 as they are one of the main volatility indicators.

Tested the indicator for a week, on the 15min time frame, it repaints, i will test on higher time frames and report back.

Yes, this indicator repaints, as mentioned in the description. One needs to use other non-repainting supporting indicators and read price action and price levels.

hi , nice indicator, i’ll wait the no repaint one, it will kill it.

I’m a 60 second binary options trader. I will ignore the repaints and take note on average how it it fares with my trades.

How do I download this indicator ? Thank you !

You need to confirm your . If you have not received it then please check your spam folder. When you click the confirmation button you will be taken to a webpage with the download links. I hope this helps.

Thanks for the indicator! Much appreciated, I’m looking forward to the next one. Do you have more indicators for binary options?

Hi, what are the best settings for the BB (TF 15/30/1h)

I would like to switch the alert on, how do I do it?

what about an ea version of this which puts a buy order in when a buy arrow appears or a sell?

We don’t plan on building an EA that trades automatically at this time.

I use your indicator and am very satisfied - thanks. My MT4 is slow and they say this can be sorted by using MT5. Is this indicator available for MT5?

No, I’m afraid no MT5 version at this moment. Sorry.

Welcome to FXProSystems!

Portal FXProSystems - a resource with a selection of free trade sistsems, indicators and different experts advisors at collecting which it took few years trade practice .

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The best strategies for trading of binary options.

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Author of the Website.

Hello. I am glad to welcome you to the portal FXProSystems.

My name is Daniel Alard. Already more than 7 years, I trade the forex market. Began my acquaintance with forex back in 2007. Even then, I’m an ambitious young man dreamed of becoming a successful trader and gain financial independence with the help trading. But it was not as easy as I thought. In the beginning of his way, I very much was mistaken, but eventually I was able to realize his dream and I can say with confidence that I am happy.

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Useful indicators for Newbies.

This article is especially for newbies and for new traders in binary options and in trading industry generally. I am going to share with you some very useful indicators which can help you to improve your trading style. Some of them are really simple and I don’t use them now but they helped me very much in the beginning of my trading journey. Let’s start.

The first indicator is very simple and you can find it in your metatrader platform. It’s the zig zag indicator which can help a traders to see more clear the tops and the lows of the market.

Barry is a simple indicator wich draws support and resistance levels. Drawing supports and resistances is a “must” for trades but many newbies have difficulties. So, this indicator can help them and learn them where are the supports and resistances levels.

You don’t have to do something difficult just install this indicator to your metatrader platform and after this drop it to your chart. As you can see in the above chart the red lines are resistances and the blue lines are supports. Of course this indi can’t identify future S&R levels. It just draws a support or a resistance as has happened.

– Overbought and Oversold (RSI and value chart)

For overbought and oversold conditions I have two indicators to recommend you. An overbought condition is a condition in which the asset is much higher from the normal levels and maybe we will have a fall. Oversold is the opposite condition. An asset it’s much lower than the normal levels and maybe we will have a possible rise of the market. To identify these two conditions you can use a RSI indicator from your metatrader platform or a value chart indicator.

In this chart, which is the previous chart with barry, I installed both of them to my metatrader software. In RSI you can add from the configuration two levels. One for overbought conditions and another one for oversold conditions. Many traders use for these two situations the level 70 for overbought and the level 30 for oversold. You could also use 80 and 20 levels for more safety. As you can see in this chart in the RSI we have overbought at highs and oversold at lows.

The value chart indicator does the same job. Green bars are bullish and red bars are bearish. In this indicator you can also gix the levels. Many traders use 8 and -8 lebels for extra overbought and oversold situations and 6 and -6 for softer situations.

A very important indicator for your charts is a news indicator. I don’t have a specific news indicator to recommend you because there are so many out there and generally they do all the same job. A news indiacator shows you if there are news for the market or when we will have news releases. Even if your strategy is not to trade the news you should have an indi like this to know what time there are news and stay away from the market because if you will ignore the news they can destroy your trades.

Very useful and effective indicator created by John Bollinger. It helps you to identify Support and Resistances levels. There is a simple moving average, usually 20 periods, and two bands (up and down) and they can act as S&R levels for the price.

Notice how the price makes bounces in the bands.

Simple indicator which calculates and shows you the daily Pivot levels of the market. It’s very important because there are S&R many times in these levels.

– Harmonic Patterns indicators.

Harmonic Patterns are an advanced lesson of Technical Analysis and it needs to spend time to learn how to draw them. There are indicators which draw harmonic Patterns automatically like ZUP. mq4 or KorHarmonics. mq4. If you are interested in Harmonic Patterns but you can’t draw these indies are a good start. Of course they make wrong estimations many times but they can help you to start drawing by yourself.

A bullish CRAB pattern by KorHarmonics.

From the most important indicators. I use it every day for many reasons but mainly to identify bounces and retracements. You can find it in your metatrader platform in your drawing tools. Levels to add are 38.2, 78.6 and 127. All the others important levels already exist in the default settings.

I wrote an article about moving averages and how to use them. There is nothing standard for the settings as i said many times. I told you the setting I use you can do your backtest and see which settings are the best for your strategy.

Binary Options Indicator.

Scroll Down to See Real Proof of Results!

Features of the BO Indicator:

Trade on the 5m, 15m, 1Hr, End of Day and End of Week Expiry Time(s) Operates on the MT4 Platform Works Across all Major Currency Pairs (EURUSD, USDJPY, AUDUSD, GBPUSD, USDCAD and the USDCHF) 83% Average Win-Rate over 4-month Test Period GMT filter applied to only show signals during liquid market hours (7am – 6pm GMT) Pop-up Screen and Sound Alert to Make it Easier to Use.

You’ll receive a complete installation and operational manual after clicking the download link.

Live Proof of Results (VIDEO)

How the BO Indicator Works:

The BO Indicator is an Meta Trader 4 signal indicator that will advise you when high quality trading opportunities arise. You will then just need to follow the simple instructions, generated on each occasion, to execute new binary options trades. Our BO Indicator has a 83% average win-rate and has been custom built to operate on the Meta Trader 4 platform.

The design of the BO Indicator is developed using a number of technical indicators to find counter trend reversals at over sold or over bought levels. This applies to both the lower and higher time-frames.

Once a trading opportunity is generated, an arrow, pop-up box and sound alert will be generated so that you can take the trading opportunity. The arrow will include the direction of the trade (CALL/PUT) while your exit position should be timed based on the time-frame you are trading.

Trading off the 1m Chart – 5m Expiry Trading off the 5m Chart – 30m Expiry Trading off the 15m Chart – 1 Hr Expiry Trading off the 1hr Chart – 4Hr up to End of Day Expiry Trading off the Daily Chart – End of Week Expiry.

The BO Indicator has been primarily designed to protect your account balance as its primary objective by restricting the size of losses. As such, the BO Indicator will only identify new trading opportunities whenever the price of an asset acquires enough energy and momentum to decisively break below or above well-defined entry criteria. Consequently, whenever such conditions are satisfied, price normally has enough power to advance in its favored direction by an extended distance securing wins in the process.

Proof of Results.

Here we can see the BO Indicator on the 1m Charts.

Here we can see the BO Indicator on the 5m charts.

Here we can see the BO Indicator on the 15m Charts.

Here we can see the BO Indicator on the 1hr Charts.

Here we can see the BO Indicator on the Daily Charts.

Frequently Asked Questions (FAQs:

1 . How does the BO Indicator find successful trading opportunities?

The BO Indicator was created to ensure that it always complies with the following famous trading motto, which states: ‘Look after your losses and your profits will take care of themselves’. This tool fulfils these stipulations by utilizing the benefits of the Stochastic Oscillator as well as several other indicators.

This tool detects price reversals and then confirms them using a number of methods (it also uses a number of filters to avoid lower quality signals). When the indicator detects a change in direction of the overall trend it will then confirm this with the Stochastic Oscillator in over sold or over bought levels. This helps confirm that a reversal is happening. As soon as all conditions are met, the indicators publishes a CALL/PUT arrow on your chart. Note that you should take the trade as soon as you see a signal – do not wait for the candle to close.

Since the BO Indicator is fundamentally a momentum driven device, it also monitors longer term trends to detect the quality of new trading opportunities. Basically, the BO Indicator is very effective when price movements are strong and extensive. Consequently, the Stochastic provides an additional evaluation of these key parameters.

2. Does it Include an Alert Box?

Yes! After feedback from our members we provided a newer version that includes an alert box and sound alert when a new signal is generated. This makes it easier to see new signals, especially when installed on multiple charts and time-frames.

3. Does it Work on Any Broker?

Yes. The BO Indicator has been designed to operate on the MT4 platform, which can then be used to trade on any binary options broker. However, we strongly recommend using StockPair because they are the only broker that allows you to choose your expiry time (5m, 15m, 1hr, End of Day, End of Week) that correlates with our signals.

4. Which Binary Option Broker should I use?

You can go to our binary options brokers page which lists the top regulated brokers in the country. Each has been rigorously tested and researched by our team and you can read their review of each if you are still unsure which one to choose. Our selection of binary options brokers offer platforms which support MT4 or have ability to support auto trading or binary options robots along with use of Expert Advisor.

5. What is the Win to Loss Ratio of the BO Indicator?

The average win-rate for the BO indicator is 83%. The performance of the BO Indicator was determined by calculating its win-to-loss ratio generated over a recent 4 month period. Trading on higher time-frames creates a higher win-rate because it eliminates market noise.

6. What is the Expected Return on Investment of the BO Indicator?

The BO Indicator will generate a profit of 0.67 for every $1 placed at risk over the long haul.

You can calculate these two important parameters yourself by utilizing the following process. In this case, the ‘In-the-money’ payout ratio was 81% while the ‘out-of-the-money’ refund was 0%. Consequently, if $10 was wagered per trade on average, then a $8 average profit was gained when ‘in-the-money’ while an average $10 loss was created when ‘out-of-the-money’.

The strategy has an 83% win-rate With a $10,000 account and 2% risk management with 20 setups: $10,000 x 2% per trade = $200 per trade with an 81% payout from your broker 20 trades x $200 = $4,000 invested overall $4,000 invested x 83% win-rate x 81% payout = $2689.2 That’s a 67.23% Return on Investment!

7. Which Assets does it work on?

The BO Indicator has been constructed to trade six carefully-chosen and well-tested assets proficiently, which are the EURUSD, USDJPY, AUDUSD, GBPUSD, USDCAD and the USDCHF. The software incorporates powerful algorithms which particularly focus on the trading dynamics of these currency pairs.

8. Which Time-Frames does the BO Indicator Work on?

The BO Indicator is structured to work on the 1m, 5m, 15m, 1hr and Daily time-frames. You can use a regular broker or StockPair to to trade the time-frames perfectly with the binary signals:

Trading off the 1m Chart – 5m Expiry Trading off the 5m Chart – 20m Expiry Trading off the 1hr Chart – End of Day Expiry Trading off the Daily Chart – End of Week Expiry.

9. Does it Filter Signals During Major News Events?

No. We decided against filtering signals during major news events in order to provide more control to customers. There are a number of other news-based indicators that you can install for free on your MT4 platform if you wish to avoid trading during news events.

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