Indicators for MT4
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Binary System Indicator
The Binary system MT4 indicator is used to indicate the price movement direction in a given interval time, and the number of candles is irrelevant to this.
This MT4 indicator is used to detect price reversals. Also, it suits all time-frames. So, you can trade on 5-minutes, 15-minutes, 1-hour, end of the day, and end of week expiry time.
How to use Binary System :
To use this Binary system, you can use five technical indicators: Moving average, Average true range, Moving average convergence/divergence (MACD), and relative strength index.
This Binary system indicator operates only on the MT4 chart platform.
The Win-rate of this Binary system is 83% compared to other indicators for the MT4 chart.
Trading with this indicator is quite easy because it automatically generates the trading opportunity.
Once the opportunity is generated, Arrow, pop-up, and sound alert will be generated simultaneously. So, you will get the trading opportunity.
Trading is not a big deal if you use this Binary system Indicator. Moreover, it is suitable to trade for both beginners and advanced traders.
Buy & Sell Signals
The Arrow in the MT4 chart indicates the BUY and SELL signals.
The Blue arrow is for BUY, and Red Arrow is for SEll. Based on the signals on the MT4 chart, you can place your orders.
This technical indicator falls into four categories: trend, momentum, volatility, and volume.
To sum it up, be disciplined and use your trade method to get success. Trading requires commitment. So, spend your time learning about indicators and trade.