Many accurate MT4 indicators designed for Forex trading are also useful for binary options trading. One such indicator is Forex Indicator Pro, which was originally developed for intraday scalping on low timeframes (M5 and M15) and for trading on D1. In addition to performing well in the Forex market, it is equally effective for trading binary options.
Key Features of the Forex Indicator Pro
- Platform: MetaTrader 4.
- Asset: Major currency pairs.
- Trading hours: European and American sessions.
- Timeframe: M5, M15.
- Expiration: 3 candles (15 minutes on M5, 45 minutes on M15).
- Recommended brokers: Quotex, PocketOption, Binarium.
Instructions for installing indicators in MetaTrader 4:
Trading Rules for Forex Indicator Pro
The trading rules are straightforward, as this is an arrow indicator.
CALL — open when the green upward arrow appears. Expiration: 3 candles of the selected timeframe:
PUT — open when the red downward arrow appears. Expiration: 3 candles:
Despite its accuracy and simplicity, Forex Indicator Pro is not without false signals. It is advisable to use additional indicators as filters to reduce the number of false entries.
Download Forex Indicator Pro
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See Also:
- List of scam brokers
- Rating of binary options brokers
- Live chart for binary options
- Books on trading
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