Binary Options Indicators: Which ones to use?
A website called best meta trader 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
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 most favorite binary options indicators.rar ►Download
The most favorite binary options indicator
According to the result’s of the poll, the most favorite binary options indicator is, with 5385 votes, the MACD (Moving Average Convergence Divergence.) This comes as a little surprise, as my personal guess was the the most favorite would be Moving Average or Bollinger Bands.
The full results can be found below. First comes the indicator’s name, the number in the brackets is the amount of votes received in the poll:
- MACD (5,385)
- RSI (4,310)
- Bollinger Bands (4,126)
- Moving Average (3,967)
- Stochastic Oscillator (3,523)
- Fibonacci Retracements (3,348)
- Other (2,574)
- Supertrend (2,487)
- Ichimoku Kinko Hyo (2,484)
- CCI (1,988)
- ADX (1,892)
- Parabolic SAR (1,393)
- Trix (1,065)
- Donchian Channel (969)
- Williams %R (920)
- Keltner Channel (895)
- Momentum (772)
- On-balance volume (568)
- Envelopes (500)
Strategies with these indicators
Many strategies published on this website are using one or more of these favorite indicators. You can find a few of them below.
The fibonacci retracement tool is probably the least understood, especially among the new traders. They hardly realize about the importance of having this tool by their side in order to take their trading to the next level. Retracements are one of the most prominent elements of any uptrend; therefore developing a trading strategy around this phenomenon
While we go haywire finding a reliable trading system, we tend to miss out on the obvious. Three indicators strategy ensures high potential profits as it produces exact entry signals confirmed by 3 indicators. Moreover, it can be used with all sorts of currency pairs. This strategy that works is based on three of the most popular indicators – RSI, MA, Stochastic
BBand Stop Strategy is a 5 minute binary option trade strategy which uses BBand Stop alert indicator in MT4 to define ideal position to enter the trade. This indicator is used along with the Bollinger Bands. How to setup the chart Timeframe: M5 Template: BBand Stop Strategy (Download here: eDisk or UlozTo.Net) How does this strategy work Arrows (pointing up and down) will be displayed over/under
Golden Eye is a strategy based on the ADX indicator (what is an ADX indicator?) which is used for confirming rebounds. This strategy works well with with M15 timeframe and the trades which are opened for 60 minutes (in direction of longterm trend) or for 30 minutes (against the trend).
I have had a pretty nice profit with this strategy.
I hope I have helped you, good luck with trading!
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