The main advantage of this indicator is that the developers built it exclusively for binary options trading from the ground up. By focusing on Boss signals, traders can eliminate many unnecessary tools that clutter the workspace. All that is needed is to follow the alerts and place trades at the right moment.
Key Features of the Boss Indicator
- Terminal: MetaTrader 4.
- Timeframe: M1–D1.
- Expiration: 1 candle.
- Option types: Call/Put.
- Indicators: Boss.
- Trading instruments: any.
- Trading hours: 08:00–21:00 UTC.
- Recommended brokers: Quotex, PocketOption, Binarium.
How Does the Boss Indicator Work?
The Boss indicator was developed by experienced traders with many years of Forex market experience, who applied their knowledge to improving the effectiveness of binary options trading. To achieve this, they analysed a wide range of popular indicators, including CCI, MACD, RSI, and others.
The developers studied the EURUSD chart history on the 15-minute timeframe, testing various parameter combinations for each indicator. From this, they developed algorithms designed to identify clear patterns that could reliably predict the direction of a trading asset within a single bar. The results were promising: a mathematical equation calculates the probability of the current candle closing above or below the current price.
The Boss binary options indicator is a non-repainting tool that works effectively on any currency pair and any timeframe, though it has demonstrated the highest accuracy on EURUSD M15.
The indicator also includes alerts:
Instructions for installing indicators in MetaTrader 4:
Using the Boss Indicator
After each new candle opens, the indicator calculates the probability of it closing above or below the current level. In the settings, there is an AlertPercentage option. A trading recommendation appears on screen only when the calculated probability of a correct forecast exceeds the threshold set in this parameter.
The probability threshold is determined by a formula. If the option payout is 84%, the minimum win rate required to break even is:
100% / (100% + 84%) = 54%
Since each trade's payout is always less than 100% (84% in this example) and a losing trade results in the full loss of the stake, the number of winning trades must exceed half of all trades to remain profitable — which is what this formula calculates.
When a signal appears, enter the market immediately. Fast execution and a stable platform are essential broker requirements. Always set the expiration time to match the close of the current candle. If you were unable to enter immediately after the signal appeared, wait for the price to return to the level at which the signal was generated before opening a position:
When a trade closes in the money, a small smiling emoji appears on the chart. The indicator also maintains a running record of winning and losing signals in a separate panel:
For traders who cannot monitor the terminal continuously, the following alert options are available:
- SendEmails — email notifications;
- SendAlerts — alerts within the MT4 platform;
- SendPhoneNotifications — push notifications to a smartphone with the MT4 mobile app installed.
Risk Management in Binary Options
The higher the probability threshold is set, the more selective — and potentially more profitable — the signals become. The indicator includes a useful AdvancedMode option that handles position sizing and helps traders take a disciplined approach to risk:
AdvancedMode assigns different stake sizes based on the probability of success:
- 55–60% — 1% of account balance;
- 60–65% — 2% of account balance;
- 65%+ — 5% of account balance.
The following parameters are used in stake size calculations:
- ReturnITM — option payout percentage;
- Balance — current account balance.
Important notes:
- Do not act on signals generated when a template is first loaded.
- Always enter your account balance and broker payout percentage — this ensures the indicator displays accurate data.
- The indicator does not repaint, but note that reloading the template resets the entire signal history.
- If low-probability signals are filtered out, alerts will appear less frequently.
- Do not use Martingale — the indicator already determines stake size based on your balance and forecast accuracy.
Conclusion
The Boss indicator is an effective analytical tool that automatically calculates the probability of the current bar closing above or below its opening price and generates a signal to buy or sell the option accordingly. Thanks to this development by professional programmers, there is no need to search manually for entry points. A comprehensive alert system ensures no signal is missed. Boss generates trading recommendations and supports risk assessment — indicating not only the direction of the trade, but also the optimal stake size.
Download the Boss Indicator
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