Boss Binary Options Forex Indicator MT4: A Pro Trader’s Review

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Looking to boost your trading strategy with a specialized indicator? As a seasoned forex trader with 15 years under my belt, I know the power of the right tools. Today, we’re diving into the Boss Binary Options Forex Indicator for MT4. This indicator has been turning heads in the trading community, but does it hold up to the hype? Let’s break down its features, how to use it, and whether it’s the right fit for you.

What is the Boss Binary Options Forex Indicator?

This MT4 indicator is specifically designed for binary options trading, offering real-time signals to help traders make informed decisions. Its non-repainting nature is a huge plus because it means signals aren’t adjusted after the fact, providing more reliable guidance.

The user interface boasts a ‘market summary’ section displaying crucial information:

  • Success Probability: Percentage chance a signal will be successful
  • Past Trades: Win/loss history
  • Trading Activity Success Rate: Your overall performance

How Does the Boss Binary Options Indicator Work?

The indicator primarily analyzes market trends and momentum. Black upward arrows signal potential bullish candlesticks, while downward arrows point to possible bearish candlesticks. The success probability percentage alongside each arrow helps gauge the signal’s reliability.

Setting Up the Indicator on MT4

Here’s the quick rundown:

  1. Download: Find the Boss Binary Options Forex Indicator online.
  2. Installation: Locate MT4’s “Data Folder” (usually File -> Open Data Folder), then navigate to MQL4 -> Indicators and paste the indicator file (.mq4 or .ex4).
  3. Apply to Chart: Open your desired MT4 chart, go to “Insert” -> “Indicators” -> “Custom”, and select the Boss Binary Options Forex Indicator.
  4. Customize Settings (Optional): Adjust parameters as needed.

Trading Strategies Using the Boss Indicator

Remember, this indicator is a tool, not a magic bullet. Always combine it with other technical analysis methods. Here are a few ideas:

  • Trend Confirmation: Use the Boss indicator alongside trend indicators (e.g., moving averages) to confirm buy/sell signals.
  • Counter-Trend Trading: For experienced traders, the indicator can potentially be used for counter-trend setups, but only with extreme caution.
  • Multiple Timeframes: Analyze signals on higher timeframes for the bigger trend, then use lower timeframes for entry points.

Pros and Cons of the Boss Binary Options Forex Indicator

Let’s sum up the highlights and drawbacks:

Pros

  • Non-repainting signals
  • User-friendly interface
  • Success probability feature
  • Potential for various strategies

Cons

  • Requires additional analysis for best results
  • Like any indicator, not foolproof
  • Might be most effective for short-term binary options

FAQs

  • Is this indicator free? Availability and pricing can vary.
  • What’s the ideal expiry time? Focus on shorter expiry times.
  • Which currency pairs are best? The indicator can work with various pairs, but experiment to find what suits you.
  • Does it work on other platforms besides MT4? It’s primarily designed for MT4.
  • What trading experience is recommended? Some basic technical analysis knowledge is helpful.
  • Is there a guaranteed success rate? No indicator offers 100% accuracy.

Conclusion

The Boss Binary Options Forex Indicator for MT4 can be a valuable addition to a trader’s arsenal. Its straightforwardness and visual signals make it accessible, yet it requires thoughtful integration with your existing strategy. If you’re looking to enhance your binary options trading on MT4, consider giving this indicator a test run on a demo account first.

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FEATURES

Automated System

Opens, manages, and closes the best trades for you. No need to lift a finger.

Great Trading Strategy

Plots chart price in real time to find the best entry and exit points with no lag.

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Comes loaded with optimized settings for all common forex pairs.

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FREQUENTLY ASKED QUESTIONS

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

You can use any broker that offers the Metatrader 4 trading platform. But for Best Result we suggest you to trade with most popular brokers.

You can use Forex Robot with Multiple Accounts. There is no restrictions.

You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

Every Forex Robot is unique. Please check the guide before trading. If you don’t understand which one is suitable please contact us.

Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

Yes you can use. Please Backtest before using it in a real trading. Or use Demo Trade for at least one month with your broker spread and proper balance. Never use in live trading with any pair without demo testing. It is always better to invest time before losing any money.

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the Forex market opening on Monday to the market closing on Friday. Crypto market is open everyday 24×7.

If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

We accept payments by Neteller, Skrill, Bitcoin, Perfect Money, Paypal, MasterCard & Visa. If you don’t have any Paypal you can select custom method during checkout & pay manually.

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Proceed to the Product page;
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How To Download

After Completing the Payment you will be able to download Expert Advisor and Indicator from dashboard. Please check Download Folder. If you paid manually please contact immediately. Admin will update the order and then you will get download option in the dashboard.

How To Install EA

After completing the download in your computer or laptop you have to extract the file using WinZip software. Please check How do I Install an Expert Advisor on MT4 article or check the following video.

 

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