Binary Options Automated Trendlines Indicator

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Free Binary Options Indicator for MT4 – Binary Viper v 1.0

Do you use MetaTrader for your technical analysis to support your binary options trading? Charting provided by binary brokers are often not adequate enough for serious price action analysis. If more elaborate charts are offered, you still won’t get the option to save your your own analysis or add indicators to your charts.

There are many benefits in using free MetaTrader software to trade.

For example, you can view multiple charts at the same time and you can create and save your own templates. You can basically configure the entire look and feel of your charts. The most important thing, however, is the possibility to extend the software and add custom indicators.

Binary Options MT4 Indicators

There are thousands of technical indicators and Expert Advisers (EAs can trade automatically) available for MetaTrader 4/5. These technical tools can be programmed and optimized for specific asset, such as EURUSD or GOLD, specific market, or specific time frame.

Many Forex indicators or EAs can also be used to trade binary options. They just need to be tested on and adjusted to help form a winning binary options trading strategy.

What is the right strategy?

The right binary options strategy is basically a winning strategy.

One that is optimized to win as much, and as often, as possible with the least amount of losses.

To learn some trading strategies visit our free strategies section. There are also many good binary options signal providers with winning trading strategies that have proven to work.

But whatever strategy you’ll try to learn, you must make it work for YOU.

In the end, only that matters. Some strategies, however, can work well for some traders, and not very well for others. Ultimately, your strategy must be within your comfort zone.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
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    Trustful Broker. Recommended Only For Experienced Traders!

Keep in mind that a good strategy should include considerations given to your trading habits, eg. time of day you’re trading, assets traded, expiry times, chart set ups, but also sound money management and a lot of self-control.

Introducing Binary Viper

Free Binary options MT4 indicator

This indicator should be used in combination with other indicators. It works on all time frames and all MT4 charts.

The Binary Viper MT4 indicator will give you reversal signals marked with Up/Down arrows. The reversal signals are produced when extreme price levels are reached.

The price levels are calculated by analyzing historical price data and the present price action.

The signals warn of a possible price reversal and upcoming opportunity.

Due to the fact that price levels change and the indicator repaints as it adjusts to new levels, special attention must be given to the next candles that will confirm each reversal.

As this indicator is free to use we do not provide any additional support but we advise to use it with daily and weekly support and resistance levels and candle pattern formations such as the Pin bar.

Get ready for free binary options signals

In addition to visual signals on the charts, sound and popup alerts, the Binary Viper indicator will also give you the option to send free binary options signals to emails and mobiles.

Upon installation, by default, the indicator is configured to run sound and pop up alerts within the MetaTrader 4 and you don’t need to do anything to run them.

However, if you wish you can also configure email alerts and push notifications to your phone in the indicator’s settings. In order for this to work you’ll need to set up your SMTP email account and add your phone number in MT4 options and settings.

See Binary Viper indicator in action

Below is a short video that shows the Binary Viper free mt4 indicator running on 1 minute GBP/USD chart. As you will see the indicator performs well on a 1 minute chart but we don’t recommend using it on short time frames which tend to have a lot of market noise. Using the indicator of 1-hour charts will produce better results. This video is in fast motion that shows in total about 30-minutes of trading time.

Features of Binary Viper v1.0

Here is a full list of the features of Binary Viper, the free binary options indicator for MetaTrader4:

  • Works on all time frames.
  • BUY / SELL signals marked by UP / DOWN arrows (for educational use only!)
  • Can be used on its own or in conjunction with other indicators for additional support
  • Settings can be configured by user (color, alerts, data)
  • Includes sound alertmay be switched off
  • Includes a pop up alertmay be switched off
  • Includes email alertmay be switched off
  • Includes text messagingmay be switched off
  • It’s FREE! – Simply subscribe below and download it for free.

Download Free BinaryViper MT4 indicator

Legal Disclaimer. The BinaryViper MT4 indicator is for educational and entertainment use only. This does not constitute trading or any financial advise. By downloading and installing the indicator you acknowledge that you understand that. Trading binary options involves a very high degree of risk.

Professional indicators for MetaTrader 4

Trend Following MT4 No-Repaint Indicator – Based on Moving Average Crossovers, Average Directional Index and additional filters. Includes free signals and on-screen Smart Display.

MT4 Fibonacci Pin Bar Indicator – Based on price action Pin bar pattern and Fibonacci levels. Includes free signals.

MT4 Price Action Indicator – Based on powerful Pin bar price patterns on manually drawn levels and trend lines. Includes free signals.

Installation of Binary Viper

Always install and use on a demo account. Installing your free mt4 binary options indicator is as easy as installing and running any MT4 indicator. Follow these steps to get started:

  • If you haven’t already install MetaTrader4
  • Go to FileOpen Data Folder
  • Copy and paste or move the downloaded and extracted indicator into MQL4 / Indicators folder
  • Close MetaTrader and the Data Folder too
  • Open MetaTrader again
  • Go to Insert / Indicators / Custom and choose BinaryViper v1.0
  • Your indicator will load onto the screen

Binary Viper trading strategies – How to use this indicator

Although the signals produced by Binary Viper do a pretty good job at indicating when price action is about to change, in trading, no signals or indicators are 100% accurate and fully market-proof.

Because this indicator repaints, not all the signals will be fully accurate and you will find that at times the buy/sell arrows will move with the price action.

Having said that, if you use this indicator wisely and with other indicators, such as the Bollinger Bands (as it’s shown in the video), it will give you a good indication of where the market might be heading.

One thing to add that may serve as additional guidance in using the Binary Viper MT4 indicator, is that all signals must be confirmed by the price action.

In practice, if the indicator shows a DOWN arrow on the price action going up, ideally you should wait until the arrow settles and the next candle confirms the signal. To learn more about how to read price action read 7 Candlestick formations every trader must know.

Please feel free to come back to this page and in public comments share your strategies and results using Binary Viper.

Free indicators vs. paid indicators

Paid indicators offer much more to customers. In addition to a guaranteed customer support, they are rigorously tested and optimized for best performance, and they are often coded for multiple platforms, for example MT4, MT5, NinjaTrader, etc.

Another important aspect of professional indicator is that they are usually designed with more features and possible customizations.

Alternative approach

If you are looking for a more guided approach and want to use the knowledge and timing of a professional trader, then you might benefit from guided live trading sessions.

For those who have enough of setting up and looking all day long at their charts and indicators, and would prefer a simple-to-follow approach to trading binary options, take a look at our Autobinary signals review or click the image below to go directly to their web-based signalling app.

7 Binary Options

Now that you are becoming an expert at identifying trend lines and how they work, it’s time to take the next step and learn how to use them as part of your binary options trading strategy. If you learn how to do this efficiently and accurately it can lead to very successful binary options trading, but the opposite is also true and not knowing how to use trend lines strategically can lead to making many poor binary option trades.

Why is the use of trend lines a good strategy move for trading? That is because trend lines are a very useful and strong indicator tool to identify price movement; this is extremely important in binary options trading because you will win or lose on your trade based on the way the market trends after you place a put or call. Trend lines are also very useful in identifying both undersold and oversold conditions too. Remember that you will place call trades in oversold markets and put trades in undersold ones.

Many binary options traders regard trend line strategy as simplistic and feel they require little knowledge to use, but assumptions like that can get you making bad trades in no time and keep you from making the profit that you should be if you knew more about trend line strategy. This is not only true for trend line strategy, the more in depth knowledge you have of analysis tools and their use, the better chance you have at being a successful trader in any market.

Don’t confuse the simplistic nature of binary options trading with being easy to predict, that is hardly the case. So even though they involve just correctly picking the right direction price movement will go over time, there is still a lot of analysis and strategy that goes into this win/lose only situation. That is why successful analysis using trend line strategy is so important to making your binary options trades profitable.

There are two key concepts that need to be introduced to you in regards to trend line strategy; they are support lines and resistance lines. Support lines have to do with a line that is drawn through the lower end of price extremes. As you can probably guess, resistance lines are drawn through the upper ends of price extremes. A support line does just that, it indicates that it would be very unusual for a price to fall below that level. A resistance line means that it would be very unusual for price movement to go above it.

The space in between these two lines is what has become to be known as the price channel. Most traders will assume that only on the rarest of circumstances will price break out of the price channel in either direction. That is why many binary options traders will place put options when an asset price gets close to a resistance line and call options when an asset price gets close to a support line.

Simplistic yes, but it is a strategy that proves to work on a regular basis.

Start trading now by opening a FREE account on one of our recommended brokers.

Trendline Metatrader Indicator

Trendline Indicator free download

Trendlines are one of hallmarks of technical analysis. This makes sense, given that technical analysis is built on the premise that prices trend. Well-known technician John Murphy wrote this about trendlines in his book “The Visual Investor”:

simple trendline is possibly the most useful tool in the study of market trends. And you’ll be happy to know that they’re extremely easy to draw.”In this installment of Technically Speaking, we discuss the basics of trendlines and how you can use them

in your investing. A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend.

Below there is a list of the trenline indicators for Metatrader 4.

Mod 02: only one step, no back steps, only one target, no fractal trendlines,

no large arrow option for TD points, and added user changable colours and styles

Mod 03: Alerts Added. Horizontal Lines indicating where projections start from and

where alerts should be determined from re-enabled with Default of False.

Mod 03B: Bug where TD Points and TD Lines drawn in wrong place for

double, triple and quadruple tops or bottoms is fixed

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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