About Binary Options
Binary Options Indicators: Which ones to use?
A website called best meta trader forex indicators has published the results of a public poll. This poll’s question was: “What’s your favorite forex indicator?” and it’s had more than a few thousand replies! That is quite a big number!
The results are pretty interesting and surprising (for me at least) and we will talk about it in today’s article. So get ready and let’s get straight into it.
Forex OR Binary Options indicators?
This website is mainly about binary options and their strategies, and this article and poll are about forex – that’s true. Both are two different things, however they follow the same principles.
Is the price going to go UP or DOWN?
That’s why we can use the same indicators in forex and binary options.
Download these binary options indicators for MT4 account
Most of these indicators are already installed in MT4 by default. But just to make sure, I have uploaded them for you. You can download them from the link below.
The Binary Options Demo Account panel will catch an interest of those who start working with binary options and want to practice on a demo account. It will also spark an interest of those who use Meta Trader 5 to get signals for binary options. You can test any strategy using this panel. It supports any currencies available in your terminal. The panel is also very compact, and you can move it to any spot on your chart window.
Now you do not need to look for a broker with a demo account. All you need is to install the panel in and Meta Trader 5 terminal and set all required parameters: profit, initial balance, rate volume and expiration time. All these data can be changed at any time.
To open an option you need to set the rate value, expiration time, and click Put/Call button to open a Put/Call option. After this you will see a green line indicating an option opening in case of a long position and a red line in case of a short position. Time before closing this option is specified near each line. There may be maximum 100 operations on the chart at a time.