The BO Indicator is an Meta Trader 4 signal indicator that will advise you when high quality trading opportunities arise. You will then just need to follow the simple instructions, generated on each occasion, to execute new binary options trades.
This applies to both the lower and higher time-frames. Once a trading opportunity is generated, an arrow, pop-up box and sound alert will be generated so that you can take the trading opportunity. The BO Indicator has been primarily designed to protect your account balance as its primary objective by restricting the size of losses. As such, the BO Indicator will only identify new trading opportunities whenever the price of an asset acquires enough energy and momentum to decisively break below or above well-defined entry criteria.
Consequently, whenever such conditions are satisfied, price normally has enough power to advance in its favored direction by an extended distance securing wins in the process.
How does the BO Indicator find successful trading opportunities? The BO Indicator was created to ensure that it always complies with the following famous trading motto, which states: This tool fulfils these stipulations by utilizing the benefits of the Stochastic Oscillator as well as several other indicators. This tool detects price reversals and then confirms them using a number of methods it also uses a number of filters to avoid lower quality signals.
When the indicator detects a change in direction of the overall trend it will then confirm this with the Stochastic Oscillator in over sold or over bought levels. This helps confirm that a reversal is happening. Note that you should take the trade as soon as you see a signal — do not wait for the candle to close. Since the BO Indicator is fundamentally a momentum driven device, it also monitors longer term trends to detect the quality of new trading opportunities.
Basically, the BO Indicator is very effective when price movements are strong and extensive. Consequently, the Stochastic provides an additional evaluation of these key parameters. After feedback from our members we provided a newer version that includes an alert box and sound alert when a new signal is generated. This makes it easier to see new signals, especially when installed on multiple charts and time-frames.
However, we strongly recommend using StockPair. Which Binary Option Broker should I use? You can go to our binary options brokers page which lists the top regulated brokers in the country. Our selection of binary options brokers offer platforms which support MT4 or have ability to support auto trading or binary options robots along with use of Expert Advisor.
The performance of the BO Indicator was determined by calculating its win-to-loss ratio generated over a recent 4 month period. Trading on higher time-frames creates a higher win-rate because it eliminates market noise. You can calculate these two important parameters yourself by utilizing the following process.
The software incorporates powerful algorithms which particularly focus on the trading dynamics of these currency pairs. You can use a regular broker or StockPair. We decided against filtering signals during major news events in order to provide more control to customers. There are a number of other news-based indicators that you can install for free on your MT4 platform if you wish to avoid trading during news events.
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