Among popular means technical analysis allocate arrow indicators for binary options without redrawing. They act as semi-automatic advisors that determine exact time market entry. The trader gets rid of the need to conduct a lengthy analysis of the market situation.
The convenience of such algorithms is confirmed by the fact that they do not overload the graphs with the construction of additional objects. Pointers to charts that have their own direction and color mean that the price trend is quite stable, so you can open a deal from the next candle.
The main role when using the program is played by pointers (or arrows on graphs). How to trade with them? You need to learn how to correctly interpret the marks on the chart. They can be red with a downward direction - this is the moment of the deal for a fall (Put). If the arrow is pointing up and its color is green or blue, a Call contract is concluded.
Circles can be used, the color of which determines the corresponding type of transaction. The basic rule that any exact arrow strategy for binary options obeys is that a contract is opened from a new candle, and the current one must be closed.
A feature of binaries is the lack of a temporary margin for waiting for a price reversal. The duration of the transaction is limited. Therefore, those tools are used that do not provide for redrawing. They should also give accurate predictions for the next 1-2 candles. The best binary options switchman must meet the following requirements:
- Do not contain redraw. For example, the program gave the exact moment to conclude a deal, but after the purchase, the quotes change direction, and the investor loses money. Therefore, it is important that the program does not redraw outdated data.
- Work regardless trading platform or account type.
- Suitable for trading any asset and any timeframe. The larger the timeframe, the more accurate the forecast.
- Issue data ahead of time for timely entry into the market.
- Don't miss out on great deals.
- The possibility of error should be minimized, for example, during a flat or unstable market behavior.
But before using even an accurate arrow oscillator for binary options, it must be tested on different types assets by choosing different modes and types of accounts.
KillBinarySignals-2
It is quite and effective when working with various assets on any timeframes. Development for the MT4 terminal, expanding the possibilities classical strategies by setting resistance/support levels. The main advantages include the absence of redrawing and high accuracy of forecasts.
Initially, the adviser was developed for Forex trading, but it proved to be excellent on binaries and thus gained trust. This is the second, improved modification, in which redrawing is completely excluded. The interpretation is standard: when a blue arrow appears pointing up, Call is bought, and when a red arrow appears, Put. However, when flat, the probability of false signals increases. Therefore, it is desirable to use an additional trend chart.
Despite the high performance, experienced traders do not recommend using this tool on their own. They prefer to receive profitable forecasts in combination with other filters or as part of ready-made trading strategies.
Types of arrow indicators
When trading binaries great importance has a speed of decision-making, so analysis tools should be accurate, simple and understandable. No installation required to use arrow oscillators special programs, they do not contain unnecessary elements that load graphics and are understandable even for beginners.
BrainTrend2Sig can be installed on MT4 and MT5. It is based on two classic algorithms - Stochastic and ATR. But they are not reflected on the chart, the trader sees only the final results of the analysis - blue or red dots.
The advantage of the program lies in the effectiveness of forecasts on various timeframes. The moments of trend reversal are clearly defined, the purchase of Call is the next candle after the appearance of a blue dot and, conversely, a contract for a fall is concluded when red ones appear.
QQE arrows MTF is recommended for Renko chart traders. The standard RSI and ATR indicators form the basis of his work. Arrows of blue color upwards, give a recommendation to buy Call, and red - Put. The program shows particular accuracy on currency pairs. The timeframe can be any, including minute contracts.
SixtySecondTrends is specially adapted for trading turbo options. The signal is generated when the probability of a trend reversal exceeds 60%. Instead of arrows, the program displays dots: red for buying Put and green for Call options. As part of ready-made strategies, it is recommended to make deals when the forecasts of the selected oscillator are confirmed by other instruments.
The switchman system for binary options is based on RSI. The development is suitable exclusively for the MT4 terminal. Entry signals are formed when the lines cross. The system is quite simple and provides many entry points, however, their effectiveness does not exceed 50%. The tactic is universal and allows you to trade any assets. After installing the system on the terminal, the results look like this:
Main disadvantages and advantages
Even the most accurate arrow indicators for binary options have their drawbacks. This usually translates into low performance. Any algorithm has an accuracy not exceeding 70%. Advertising of paid instruments with 90% accuracy of forecasts is not confirmed in practice. Therefore, it is desirable to supplement them with other programs.
Another significant drawback is the overdraw effect. The arrow may completely disappear from the chart after the conclusion of the transaction. The directions of all previous signals may also change. Redrawing complicates the work of traders and reduces the effectiveness of using assistant programs. A proven strategy can be a way out of the situation.
Despite obvious shortcomings, trendy pointer indicator for binary options has the following advantages:
- Beginners easily and simply master the interpretation of signals. Visibility allows you to start trading without having a deep knowledge of the basics of fundamental and technical analysis.
- The algorithm works absolutely on any timeframes familiar to a trader. There are a number of narrowly targeted tools for short-term trades, up to 60 seconds, but, as a rule, they can be used to receive signals on longer contracts.
- Stable forecasts for all types of assets - raw materials, currency pairs.
- Compatibility with other technical analysis tools.
Final grades
Trading level (difficulty) – 5.0/10.0
For beginners, it will not be difficult to understand the principle of signal interpretation.
Reliability and efficiency - 5.5/10.0
Components and Settings - 5.0/10.0
Each type of indicator is characterized by a special form of signaling. Most often these are arrows: red and green. The accuracy of forecasts is no more than 70%, but most often 50%.
Support on WEB platforms — 5.5/10.0
Most brokers use arrow instruments to make trades.
Application Features - 6.0/10.0
Buy Call when green (blue) arrows appear, and Put when red marks appear. Experienced traders do not recommend using it as an independent tool. Only in combination with trending techniques or as part of ready-made strategies, the effectiveness increases.
Among the programs created to analyze assets and predict their subsequent movement up or down, a special place is given to arrow indicators for binary options. These programs are especially popular among newcomers to options trading, as the essence of their work is very simple. Their use does not require deep knowledge of the theory and practice of trading.
Indicators are placed on the asset chart, or in an additional indicator window, arrows pointing up or down. Their direction is a signal to buy a call or put option. An example of the operation of the arrow indicator is shown in the screenshot below.
General characteristics of dial indicators
The interpretation of signals for entering the market using the indicator for binary options "arrow" is very simple and easy to understand. If the signal arrow of the indicator is pointing up, this is a signal that the asset will grow, and the trader needs to buy a call option. If the arrow points down, then the asset will fall in price, and you need to buy a put option.
It should be noted that arrow indicators are similar to each other only in the way they give a signal to make a deal. And the methods of market analysis, the prerequisites and conditions for the appearance of a signal are often completely different. The program gives a visual signal for a deal through arrows, but the method of calculating the moment of their appearance is individual for each individual program.
The binary options switcher is similar to Forex advisors that make an accurate forecast of the movement of a market asset at a certain moment.
Often this type of indicators is called semi-automatic advisers.
A number of characteristics to consider when choosing a reliable arrow type indicator
- independence of the indicator from any broker;
- lack of binding to the type of trading account (real, demo, etc.);
- formation of leading signals (lack of lagging ones) for the opportunity to make a deal on time;
- lack of redrawing - changing the direction of the arrows, or their disappearance;
- a sufficient number of signals for buying binary options (signaling about all profitable situations);
- the presence of an open source code for the possibility of adjusting the parameters of the arrow indicator for specific market conditions.
Benefits of arrow indicators for binary options
The advantages of arrow type indicators include the following factors:
- simplicity and clarity in use even for beginners in the world of trading;
- there is no need to analyze price line movements, looking for signals to buy or sell an asset. The appearance of an arrow in itself is already a clear signal;
- the indicator works well on all time intervals;
- the switch shows the same nice results on all binary assets available for trading options (currency pairs, stocks, indices, etc.);
- great for creating trading strategies, and pairs well with other market analysis software. It gives the final visual result of the analytical work of several indicators, making the signals of the created strategy simple and accessible.
Disadvantages of dial indicators
This type of indicators has a number of disadvantages, these include the following factors:
- all switchers are copyrighted programs with different efficiency, they only have a similar method of issuing a signal for making a deal. Therefore, it is recommended to test each purchased arrow indicator in advance on a demo account to check the reliability of its indicators;
- the best of these indicators are very expensive. On their sale, many earn decent amounts of money - after all, it is much easier for a trader to buy a ready-made indicator and follow the arrows when trading binary options than to learn the theory and practice of trading in financial markets;
- this indicator (like any other) cannot take into account all market conditions, so you cannot fully rely on it alone. The way out of the situation is the parallel use of several indicators in a complex;
- redrawing the indicator - changing the current direction of the arrow, or its disappearance after a short period. This drastically reduces the chances of success. There are a number of them, they are more accurate, and it is they that are recommended for traders to use.
Buying a call option (screenshot below).
After the appearance of a signal arrow pointing upwards, we wait for the candle above the arrow to close, and on the new candle we buy a call option with an expiration date of one candle.
Buying a put option (screenshot below).
After the appearance of a signal arrow pointing down, we wait for the candlestick under the arrow to close, and on the new candlestick we buy a put option with an expiration time of one candlestick.
SixtySekondTrades
The indicator is designed for "short" trades of 60 seconds. Based on moving average analysis.
A green dot on the chart is a signal to buy a call option on the next candle, the appearance of a red dot is an indication to buy a put option.
The free versions do not have the ability to adjust settings.
KillBinarySignals-2
This indicator is equally good on all timeframes and assets. It is distributed completely free of charge.
The blue arrow on the chart is a signal to buy a call option, the red arrow signals to buy a put option.
There may be false signals in the flat.
The operation of this indicator is based on the work of the RSI and moving averages, the intersection of the fast and slow averages is also taken into account.
The blue arrows indicate the moments to buy a call option, the red arrows indicate the purchase of a put option.
The work is based on the RSI oscillator.
This indicator, together with the standard arrows, displays quite a lot on the screen. additional information. Differs in high accuracy of forecasts.
Finally
These programs must first be tested on different timeframes to identify strengths and weaknesses.
When working with assets with low volatility, the possibility of issuing false signals sharply increases.
It was binary options that made it possible ordinary person become a participant in the financial market. What is especially attractive about them is that they allow you to make deals on short timeframes. With this method of trading, you can earn decent money for little time. Therefore, it is very popular among traders. However, it is rather difficult to analyze the market on such small time intervals, since there are practically no the right tools. Using fundamental analysis will only be beneficial on longer timeframes (such as hourly or daily timeframes). This is due to market noise.
Therefore, the best tool that allows you to create accurate forecasts is indicators for binary options without redrawing. Right choice such an indicator will increase the effectiveness of the strategy and make trading more profitable.
What are indicators without redrawing, how to work with them and how to get them, will be discussed in this article.
What are these indicators?
Before moving on to technical points, you need to understand what indicators for binary options without redrawing are in theory. Almost every trader who trades short-term options has had moments when the indicator suddenly began to change its performance. This is nothing more than redrawing old readings and replacing them with new ones. Such instability is most common among pointer indicators. They act as additional tools, as they need to be downloaded and installed in the MetaTrader terminal.
A similar situation with a graphical update will not particularly affect long-term or medium-term trading. But when making financial transactions short-term binary options can be problematic. After all, the indicator can change its readings at the moment when it signals the possibility of opening a deal. That is, this signal will be false. After a while, he will disappear from the radar and appear at another point. And the trader at this time will make a bet and lose.
There are two ways that allow you to establish the presence of a redraw on the indicator for binary options:
- Traders can simply sit in front of the monitor screen and watch the chart update. Moreover, it is necessary to explore all the main timeframes (starting from short periods and ending with large intervals). According to statistics, drawing appears after 25 candles.
- You can search for redrawing in another way. The whole process should take place while testing a new trading algorithm. In this case, the observation should be divided into three stages: first only short distances, then long ones, and finally the alternation of long and short ones.
On the this moment available a large number of indicators that work stably and give accurate signals to enter the market. Against this background, there are three main groups of indicators without redrawing. Thanks to this, each trader will be able to choose the instrument that is most suitable for a particular trading algorithm:
- Classic. Judging can be attributed to the MACD, Bollinger Bands, Alligator and moving averages.
- Combined. When trading binary options, MACD with RSI or CCI show themselves effectively.
- Specialized. Trend Striker Extreme, ZigZagger, Forex x Code, WPRSI Signal, SixSecondTrades and others.
They are also divided into several types:
- Trendy.
- Countertrend.
- Turnouts.
- Flat indicators.
- Scalping (traders rarely use them, as they are not reliable).
Each of them has its own advantages and manifests itself differently in market conditions.
trending
SMA or EMA moving averages, parabolic and ADX are all trend indicators. They are the main tools for determining the direction of the trend. In fact, the signal to open a position is a breakout or a rebound from the moving average line. According to the results of the breakdown of SMA 60 or EMA 100, regardless of the selected time interval and type of chart, a trader can make a deal in the direction of the breakdown or rebound.
Countertrend
To spot pullbacks, traders often use a classic tool called Bollinger Bands. If the price rebounded from the upper or lower boundaries (sometimes it breaks through the established levels, but very rarely), then this is a direct signal to enter the market. This tool will help the trader to increase the number of profitable trades. However, training is needed.
Arrow indicators for binary options without redrawing
Of the indicators for binary options, "arrow" ones are separately distinguished. This type of indicators without redrawing should be analyzed in detail. Such indicators are often used by traders during the trading process. However, most companies do not implement them in their platforms. In any case, this is not an obstacle to the user. After all, almost any indicator can be found on the Internet and downloaded for free from the Internet (or find a suitable link in this article). Dial indicators - irreplaceable assistants both for the professional trader and for the beginner. They are able to give accurate signals and are almost never mistaken.
On the chart, arrow indicators display possible price movements with special colored indicators. The appearance of green or blue color is a clear signal to buy an UP option, and red - the purchase of a DOWN option.
Pointers can take the form of arrows or regular dots. At the moment of opening a trade, the candlestick in which the sign was formed should close completely.
Most of all, arrow indicators are suitable for trading classic binary options. At the same time, strong price levels should be present.
Are arrow indicators so ideal?
When using arrow indicators for binary options without redrawing, some problems may arise:
- There is a risk that a redraw will occur. After making a deal, the arrows can start jumping into different sides or even disappear from the horizon. Moreover, false signals can be given for a long time. It can be assumed that the problem is in the indicator itself, or rather in its setting of the stabilizing mechanism. As a rule, such errors occur at the time of updating quotes.
However, this problem is solvable. First you need to confirm that you are using a binary options arrow indicator without redrawing. At the time of verification in conditions of strong market fluctuations, the signal should show itself stable without any changes. Otherwise, this tool is useless for work.
- While working with the arrow indicator, the trader may have another problem, which concerns the reliability of the signals given. You should be aware that not all indicators on the market are suitable for binary options. Under standard trading conditions, slight temporary deviations are allowed. After all, the trader has enough time to change his mind and choose right direction(determine the reversal points. But this tool does not allow you to do this. The trader must make the correct forecast, focusing on a specific candle or candle range.
What arrow indicators can boast of
This type of indicator is often compared with semi-automatic systems. They have the following benefits:
- There are no difficulties in using such tools. Any newcomer special knowledge will be able to make a deal on a signal.
- Good performance on any underlying assets and timeframes.
- Works in tandem with other tools for technical analysis.
Flat
Effective work with narrow trading ranges or flats depends on the use of oscillators. They show the overbought or oversold zone. The principle of operation is quite easy. If the indicator readings go down, then you should buy the option. If the value grows, sell. In the case of the Stochastic, the sell frames are 80 - 100, and the buy frames are 0 - 20. It is recommended to set the expiration time within one minute or 15 minutes.
Bollinger bands, moving averages, MACD, Stochastic and a host of other simple indicators are very popular. Similar tools can be found in almost every popular broker. All these indicators are present in such well-known brokers as Olymp Trade, IQ Option and Binomo. For more detailed information, you should go to their resources.
Best Binary Options Indicators Without Redrawing
Only some arrow indicators without redrawing for binary options are reliable. Traders demand the following from algorithms:
- There should be no overdraw.
- The indicator should provide as many profitable moments as possible.
- High result when working with any trading assets.
- Application of the indicator not only in real trading conditions, but also on a demo account.
- Signals must come without delay.
- The presence of a variety of settings for changing the source data under specific conditions.
- No false signals.
It is arrow indicators for binary options without redrawing that can fulfill all these requirements. Most of indicators is in free access and you can download them.
Arrow Grail QQE-New
The arrow indicator QQE-New is a new version QQE, which is complemented by quality improvements. The indicator is based on the classic RSI with more accurate smoothed readings. It meets all requirements modern market. It differs in that it gives signals on time without delay.
The updated version of QQE-New introduced alerts - sound alerts. Thanks to this, the trader will never miss the moment to open trades. When the indicator is active, green and red arrows are displayed on the chart, which signal an entry into the market.
If a green arrow is displayed on the chart, which is directed upwards, then you need to buy an option. You should place a sell bet when the red down arrow appears. For greater efficiency, you can use the Martingale system.
Binary Option Arrows
This indicator does not need to be downloaded, as it is on a live chart https://new.tradingview.com/chart . To put it on the chart, you need to click on the indicators button in the tools menu and enter such a phrase as "arrows" in the search:
Binary Option Arrows indicator signals without redrawing for binary options are based on Japanese harami candles. With the help of an arrow, it shows the trader where it is better to open a deal.
The indicator can be used at different time intervals (for example, set to one minute). By creating a balance between the selected asset, chart timeframe and indicator settings, a trader can build a high-quality trading algorithm. You can see red and green stripes on the chart - these are losing and successful trades.
The appearance of several red bars in a row on the chart is an excellent signal to open a trade. For example, a trader chooses the EUR/USD currency pair as an asset, sets the chart timeframe to one minute, and applies this indicator. After a while, he sees that three red bands have formed simultaneously on the chart. This means that green bands will appear soon and you will need to enter the market. Here is that moment:
The Binary Option Arrows indicator performs well together with other tools.
Profit Sunrise
The Profit Sunrise indicator was created by professionals specifically for the Forex market. It can be used on the MetaTrade platform. According to the creators, the Profit Sunrise mechanism is built on the exact algorithm for entering the market. The system is equipped with a sophisticated noise filter that cuts off weak signals.
For a whole year, professional analysts have been testing the Profit Sunrise indicator without redrawing on various currency pairs. Trading took place on the platform of the Binomo broker. The result is 91 percent of successful transactions.
Like other arrow indicators, signals are displayed as up and down arrows. In addition, there are sound and text alerts.
Accurate signals from the T3MA-Alarm indicator
The arrow indicator T3MA-Alarm has been actively used by traders in the forex market for a long time. A little later, it was adapted for binary options trading. According to the results of the study, it became clear that it is most suitable for binary trading. The basis of this indicator is a one-period moving average and RSI.
The signaling algorithm looks pretty simple. Therefore, the moving average with a period of 50 acts as a trend filter. An important setting in T3MA-Alarm is the time interval. The accuracy of trading signals depends on it. It is better to set the timeframe of the chart within 5-15 minutes. The expiration time of binary options should be chosen in the range of five to ten minutes. The expiration date of the option must not exceed the timeframe. Moreover, down signals are taken into account those that are located below the moving average, and up signals - above the moving average.
The rules are as follows: When the price breaks the moving average from the bottom up, a blue arrow appears, which signals the purchase of a Call option. If a top-down crossover occurs, a red candle will be displayed and the trader can buy a Put option.
However, the indicator has one drawback. During the flat period, the clarity of its signals decreases. Therefore, it is better to trade assets with a trend movement.
KillBinarySignals-2
An improved version of KillBinarySignals has more accurate signals. The authors claim that he is prone to redrawing. You can learn more about the indicator by watching this video:
Before providing a signal, the indicator collects a large amount of important information:
- Support and resistance levels.
- The daily range of the asset.
- The volatility of a trading asset.
- The degree of probability of a rebound or breakdown of important levels.
- Distance from important price levels.
Testing the KillBinarySignals-2 indicator on the Finmax broker platform showed 97% of profitable trades.
Candlestick Pattern Indicator
The Candlestick Pattern Indicator (CPI) is different from others both externally and internally. On the chart, it is displayed by well-known candlestick patterns: engulfing pattern, harami, shooting star, doji, and many others. Each pattern has its own up or down cue, which is indicated by an arrow and played back by a beep.
The settings of the Candlestick Pattern Indicator are very diverse:
- ShowStrongReversalPatterns - tracking strong reversal patterns (enable or disable).
- ShowContinuationPatterns – search for trend continuation patterns (enable or disable).
- Sound-or-Email-Alert - settings for sending a signal: via email or sound alert.
- SellColor, BuyColor - select the color of the arrows.
- TextColor - allows you to change the text color of the name of the candlestick figure.
- ShowWeakReversalPatterns - search for weak reversal patterns (disable or enable).
- ShowUnclassified - search for rare, small patterns.
Brain Trand 2 Sig
Many traders who trade binary options are increasingly using the Brain Trand 2 Sig indicator. This is a completely new tool, but quite popular in the financial market.
The Brain Trand 2 Sig indicator is based on two basic systems- "Stochastic" and "ATR". If a red dot (or arrow) has formed under a certain candle, then you need to open a deal for a fall. The top blue dot means that you need to create an up trade. The signal can be given in the form of a sound notification. The presence of such a function facilitates the work of the trader, since there is no need to constantly sit at the computer monitor and wait for the right moment to enter the market. At this time, users can do something else. The indicator will call him when the trend reverses. Superiority of the Brain Trand 2 Sig tool:
- The indicator is suitable for any underlying assets.
- It can be used on all trading platforms, even Meta Trader 4 or 5.
- The accuracy of the indicators does not depend on the expiration time.
Trend Striker Extreme
This indicator works almost flawlessly. His signals are mostly accurate. However, during use, its performance may be delayed. To avoid such a situation, you need to apply Trend Striker Extrim along with other reliable tools.
The Trend Striker Extrim tool is a histogram with vertical stripes. The part of the chart with red lines is responsible for the downtrend. Under such conditions, the “lower” option is bought. A green block is a signal that the price will move up. Based on this, the investor needs to purchase the “higher” option. The system has a built-in function of sound messages, which are activated or deactivated in the settings menu.
Six Second Trades
The Six Second Trades indicator is designed to work with the fastest options (60 seconds). Before use, it is recommended to make a small adjustment. You need to set the time interval to one minute. After that, you can wait for the signals. As soon as a green dot is formed, you need to bet on an increase. And if red appears, then go down. Especially the indicator is used by those traders who trade currency pairs.
It is necessary to make transactions strictly after the full formation of the candle and the formation of an arrow or other indicators. Free version does not allow adjustments. Therefore, you will have to wait until the next bar is built or buy the full version.
Lemansignal
It has high accuracy when trading turbo options. However, this indicator is not among the instruments on online binary options platforms. The mechanism of the algorithm is simple. Various time periods are suitable: from one minute to fifteen minutes. Minute charts allow you to receive signals quite often. Therefore, for binary trading it is better to use them.
An option is bought if a green circle appears on the chart, which is located below the price. The trader must do everything quickly, as he only has one minute. To sell an option, you must have a red circle above the price on the chart. With this approach, approximately 50 trades can be made per session. Profit can bring 35-37. Moreover, earnings are possible both on standard conditions and using the Martingale system.
RSI-RSX
It is considered an advanced indicator without redrawing, which is able to generate high income. In fact, this is an RSI indicator, but with more accurate trading signals. Adjustable for the following trade limits: 0-30 and 70-100. If the price has reached the 0-30 zone, then you need to wait until it leaves it and create a deal for five minutes. If the price crossed the level of 70-100, then after its decrease, the option should be sold.
On the chart you can see blue lines- these are the moments when you need to buy an option, red ones signal a sale.
Conclusion
According to professional traders, you should not rely on indicator data alone. They cannot guarantee the absolute success of the transaction, but only increase the probability of a correct forecast. Therefore, it is better to use several trading tools to analyze the market situation.
However, the use of indicators can greatly simplify the process of technical analysis. This is a great opportunity for a trader who does not want to spend time on detailed market analysis or simply does not have the necessary skills in this area. Moreover, binary options indicators without redrawing are available for download completely free of charge.
Of all the tools that traders use in binary options trading, arrow indicators are especially popular. They give with high accuracy, informing about the time of entry into the transaction. As a result, traders do not need to spend time on additional analysis market.
It is important to understand that the turnouts do not always show the correct signals. The final decision and risk must be taken by the trader.
How to work with arrow indicators for binary options?
Such indicators are represented on the chart in the form of arrows:
1. Red arrows pointing down indicate the possibility of opening a deal to buy a Put option.
2. Green or blue arrows pointing up indicate the possibility of opening a trade to buy a Call option.
It is worth noting that some trading systems use circles instead of arrows. But in this case red and green colors report on the purchase of Put and Call, respectively.
It is recommended to enter a trade at the moment when the candle closes, within which this signal arose. Regardless of the indicator type and trading system the information that this tool reports is interpreted in the same way.
Common arrow indicators for binary options
Today, traders can take advantage of many options for arrow indicators. Some tools are free, while others require a fee. Below are some of the most accurate arrow indicators that you can download for free.
BrainTrend2Sig indicator
BrainTrend2Sig has incorporated the features that ATR also has. These indicators are not displayed on the chart. Trading systems display only the result of both instruments in the form of red and blue dots. BrainTrend2Sig can be used in various software products.
This arrow indicator, unlike other similar tools, gives accurate forecasts for both short and long time periods. Experts suggest that such performance of BrainTrend2Sig is due to one of its features: the indicator signals the need to open a deal at the moment of a trend reversal. Trading system data are interpreted according to standard scheme: the red circle indicates that you need to buy a Putt option, the blue one - Call.
Indicator KillBinarySignals-2
KillBinarySignals-2 is considered to be a very effective arrow indicator. The tool demonstrates good results when trading with various financial assets on both short and long timeframes. Initially, the algorithm based on which the indicator works was created for MT4. Compared to the classic version of this tool, KillBinarySignals-2 takes into account more parameters. For example, this indicator allows you to display support and resistance levels on the chart without the redrawing effect.
1. If the blue arrow appears under the price chart, you should open a deal to buy Call.
2. If a red arrow appears above the price chart, you need to open a position to buy Put.
During the period when the price chart enters the corridor, and the value of assets practically does not change for some time, KillBinarySignals-2 gives a lot of false signals. Therefore, in such conditions, it is recommended to check the direction of the trend by means of trend indicators.
QQE indicator arrows MTF
Working with QQE arrows MTF is most attractive when used in conjunction with Renko charts. However, this indicator remains effective in other conditions. QQE arrows MTF are based on ATR and . The indicator displays messages on the chart in the form of traditional red and blue arrows. Simultaneously with the appearance of the icons, the system beeps.
Interpretation of QQE arrows MTF signals is carried out in a similar way, which is the case with other arrow indicators. This tool is most effective in working with currency pairs. It can be used on any timeframe, including the minute timeframe.
SixtySecondTrends indicator
SixtySecondTrends was created specifically for trading pipe options. Moreover, this indicator is considered the most optimal tool for working with the EUR/USD currency pair. However, it also shows good results in trading with other assets. The indicator is based on MA and . A signal to open a trade occurs at the moment when the probability of a change in the direction of the trend has exceeded 60%.
The trading system displays SixtySecondTrends messages in the form of green and red circles, which indicate the need to buy Call and Put options, respectively. It can be incorporated into a specific strategy or used as a standalone tool. At the same time, if the first trading option is used, it is recommended to use SixtySecondTrends signals, provided that other indicators give similar messages.
Advantages and disadvantages of arrow indicators in binary options trading
Despite the high efficiency and versatility characteristic of arrow indicators, this tool is not without drawbacks.
First of all, they demonstrate relatively low performance. Each dial indicator works according to its own algorithm, and therefore they operate with different efficiency. In addition, paid tools do not always give accurate signals. So, some developers claim that their arrow indicators are effective in 90% of cases. However, in reality, the accuracy of the indicators demonstrated by these tools does not exceed 60-70%. Therefore, it is recommended to check the signals from the dial indicators using other programs or additional indicators.
In addition to the above, such tools are not without the effect of redrawing. Such a phenomenon is characterized by the disappearance of the arrow from the graph or a change in its direction. Moreover, this problem affects not only the last signal, but also all previous ones. Redrawing complicates the work of traders with charts. And, as a result, the effectiveness of trading decreases.
These shortcomings are typical for most of the tools that traders use. This circumstance must always be taken into account. To increase the efficiency of trading, you should choose arrow indicators without redrawing and embed them in various strategies. At the same time, one should not expect that the chosen approach will constantly bring profit. It is important to constantly analyze the market and make decisions that correspond to current realities, and not blindly follow the signals of indicators.
The advantages of these tools include the fact that you can work with them without even knowing the basics of trading on the stock exchange. Arrow indicators are equally effective at any time intervals. An exception to this rule are tools designed specifically for trading options within 60 seconds.
Good arrow indicators can be used when working with any asset. This tool remains effective in combination with most technical analysis tools.
Outcome
Dial indicators show accurate results, if:
- do not allow redrawing;
- do not depend on a trading account or a broker;
- provide the opportunity to make changes to the parameters in accordance with the current market situation;
- timely give signals in the required quantity and with low percentage marriage.
Before you start trading with a certain arrow indicator, it is recommended to test it on different time frames. It should also be remembered that the accuracy of the results decreases during the period when the value of the asset practically does not change, the release of economic news and the appearance of information about disasters or other force majeure situations.
This type of tool is good because it does not clutter up the chart with an abundance of additional plots. Regardless of the complexity of the algorithm on the chart, the trader will see only arrows indicating the expected direction of the chart in the future. Today we will study best indicators for binary options without redrawing, i.e. those who, in retrospect, do not change their testimony in history.
Sixty Second Trades
This tool is interesting in that it was developed only for binary options, it is not used for Forex. Only works with turbo options, i.e. expiration time should be up to 5 minutes.
The signals of the standardADX, not only the position of the main line is used, but also the intersection of +DI and –DI. Signals are given in the form of colored dots:
- Call option – a green dot will appear below the chart;
- put option - the red dot will be above the chart.
As for performance, the indicator works well both during a directional movement and when the price moves in a horizontal corridor. The main thing is that the width of the horizontal channel is sufficient.
Note that the result is valid only when all transactions are taken into account. Signals appear frequently, sometimes a whole series appears when signals are issued at a frequency of once per minute. So working with this algorithm will be stressful.
An unsatisfactory ratio of profitable / losing trades is observed when moving in a narrow range. The expiration time of the option should be chosen up to 5 minutes.
Candlestick Pattern Indicator
This indicator for binary options without redrawing is useful for those who like to trade on candlestick patterns. It is freely available and on the chart, in addition to the arrow with the entry direction, it also indicates the name of the pattern.
Settings:
- ShowStrongReversalPattern - when activated, strong reversal formations will be displayed on the chart;
- ShowWeakReversalPattern - the same, but weak patterns will also be displayed;
- ShowContinuationPattern – trend continuation patterns will be displayed on the chart;
- ShowUnclassified - turns on the display of models without a name;
- ViewBars - the number of bars on history, on which CPI will indicate patterns;
- Sound/Email Alert - sound alert and send a message to email.
The remaining 3 items in the settings are responsible for setting the color of the arrows and text.
The algorithm does not always work correctly, on some candles the arrows are displayed in both directions, and the names of the patterns do not always match. So that can be used as an addition to the to make sure you don't miss the candlestick formation.
Switchman based on moving averages
Many indicators are based on standard MT4 instruments. MA2 Signal is based on the intersection of 2 moving averages, the arrow is drawn in the direction in which the fast MA crosses the slow one.
Settings:
- ExtPeriodFast/SlowMA - sets the period of the fast and slow moving average, respectively;
- ExtModeFast/SlowMA - the type of moving average is set, 0 - simple "may", 1 - exponential, 2 - SMMA, 3 - linearly weighted;
- ExtPriceFast/SlowMA - sets the price at which moving averages are plotted, 0 - close price, 1 - open price, 2 - at High price, 3 - Low, 4 - median price is used, 5 - (High + Low + Close)/ 3, 6 - HLCC/4.
In the settings, you can set different sound alerts for buy and sell signals.
On the chart, in addition to the arrows, the moving averages themselves are also displayed. By and large, we have a simple trading strategy, you just need to work with the selection of the parameters of both "masks".
BUT if you select a background color for moving averages, then only the arrows will be visible, this is useful if the strategy uses additional plots and you need a clean chart.
Stochastic only
This tool also needs to be written into arrow indicators for binary options without redrawing. It can be used in other markets, in particular forex. The authors recommend using it on a minute chart, but when working on other markets, you can experiment with other time intervals, but the settings will have to be selected from scratch.
The switchman gives signals based on the readings of 3 Stochastics:
- slow – period 700, oversold/overbought levels equal to 10 and 90;
- normal - period 120, the levels are the same;
- fast - period 30, levels 5/95.
In the settings, you can change the settings of all three Stochastics. There are no alerts, so you will have to track the state of the market yourself. In addition to the period, all 3 oscillators use standard parameters.
The indicator is interesting, but it is desirable to refine it. The fact is that it gives a signal as soon as the lines of all 3 oscillators enter the oversold / overbought zone, and not when they go beyond the 5/95 levels.
You can try to work using martingale - that is, on each next candle, increase the bet size. But the load on the deposit will be too high, it is not uncommon for there to be 6-7 losing trades in a row. You can try to buy options not on the first arrow, but on 4-6 in a row, and choose at least 5 candles for the expiration date.
Eventually on a strong movement, 6-7 and even more arrows in a row appear on the chart– Stochastic lines can stay within the oversold/overbought zones for a long time.
When selecting and using turnouts:
- choose only those tools, the principle of which you know;
- do not rely on the signals of only one indicator, use it as a confirmation;
- Before you start working with real money, experiment on a demo account.
Please note that it is not possible to install your indicator in the BO broker terminal, so you will have to work with MT4. Having received a signal, the trader switches to the broker's terminal and makes a deal. So if the work is carried out on a small timeframe, this can be inconvenient.
Conclusion
All listed indicators for binary options without redrawing can be downloaded for free. But none of them is a complete trading strategy.
Treat them more like useful addition your TS. If the signal of the switchman is confirmed, for example, by a candlestick pattern, divergence, rebound / breakout of the support or resistance level, it is quite possible to take it into work. But if, apart from the arrow on the chart, you see no reason to enter, then better signal ignore.
