From the middle of technical analysis tools the most popular are arrow indicators. They are so easy to use that they do not cause any difficulties even for beginners. But not all pointers are really effective. The quality of signals depends on the algorithm of such a techanalysis tool. Today I want to offer you the Binary Viper indicator. It shows good results in trading at two time intervals: M5 and M15. The currency pair can be any one. From the name, I think, it is clear that the indicator for earning money in binary options trading was developed. But this does not mean that it cannot be used in normal forex trading. You can, and quite successfully.
Installation and parameters of Binary Viper
Not a single feature of installing an indicator in MT4. Everything is done according to the standard scheme.
And now – about the parameters.
To start you need to choose the type of price to be applied
in the calculation. For this purpose we use the Price parameter. Four options available
values: 0.2, 3 and 4. In order to use candlestick opening prices, it is necessary to
specify value 0, closing prices – 2. Value 3 – maximum prices. Significance
4 – minimum prices.The Length parameter is the period that applies in
trade.The indicator uses a filter to improve the quality of signals.
It can be configured using the Pct-Filter parameter. And you have to consider the one
the fact that the higher the value of this parameter, the more accurate the signals will be. But theirs…
it’s gonna be a little bit. And vice versa. May use the options that are set in
the default settings. Or we could try to optimize them.
Binary Viper trading
The chart with the indicator set looks like this:
How only the chart of a trading instrument will show
a red-colored shooter buying a Call option. Exploration time
of open trades from 2 to 4 candlesticks.If we see that an arrow colored in
green, we buy a Put option. Expiration time is the same: 2-4 candlesticks.In normal trading on the Forex market we do the same
in this way. Green arrow – open BUY order, red – SELL order. In this one…
I would recommend that the filtering of signals be strengthened in the case of the indicator
using an additional market analysis tool.Binary Viper on a demo account before you start trading for real money. And don’t forget the risks. Trade no more than 2-3% of the deposit amount.Binary_ViperDownloadFyodorov’s Inga14.08.2019