The indicator for binary options Binary Options Fire is designed for active trading and scalping . It actively generates entry points that will certainly be appreciated not only by fans of turbo options, but also by Forex market scalpers.

Its work is based on an attempt to capture short price impulses. Using this Forex tool, trades must be opened at the moment the trend direction changes, in order to take a short profit (pips). Binary options traders will be able to use this indicator in their short-term strategies, or as an independent decision-making tool.

The developer sells this indicator for $12.99, but you can download it absolutely free from our website for review.

Content:

binary options fire chart

Characteristics of the indicator for binary options Binary Options Fire

Installing the indicator for binary options Binary Options Fire

The Binary Options Fire indicator is installed as standard in the MetaTrader 4 terminal. To do this, you need to add it to the root folder of the terminal by selecting “File” in MT4 and then “Open data directory”. In the directory that opens, you need to go to the “MQL4” folder and then to “Indicators”, and then drag the indicator file there. Templates are installed in exactly the same way, but are placed in the “templates” folder. For more detailed instructions on installing indicators, see our video:

Review and settings of the indicator for binary options Binary Options Fire

The developer of the indicator for binary options Binary Options Fire has closed the settings parameters of his brainchild, leaving users the ability to change the color of the crosses and set the lines.

binary options fire settings

Judging by the curve of the signal elements located below the chart, they are clearly based on the Stochastic calculation. We conducted an experiment and added a Stochastic Oscillator to the “basement”. As you can see, the readings of this world-famous oscillator quite accurately repeat the bends of Binary Options Fire, leaving no doubt about the involvement in the calculations of this “oracle”.

stochastic readings in binary options fire

The signal to open trades using the Binary Options Fire indicator is a change in the color of the crosses, which indicates a change in the direction of the price impulse. As long as the direction of the trend does not change, the color of the crosses also remains unchanged.

To make money from rising quotes of a financial instrument, a trader should wait until the color changes from red to green. Then, at the opening of the next candle, you need to buy a Call binary option.

buy signal call binary options fire

In the opposite situation, when the trend changes its direction from upward to downward, the color of the crosses of the basement indicator changes from green to red. After that, at the opening of the next candle, we buy a Put option.

buy signal put in binary options fire

Trading rules using the indicator for binary options Binary Options Fire

The Binary Options Fire indicator gives quite a lot of accurate signals in conditions of unidirectional price movement of the traded instrument. But in a flat, this oscillator can give false signals due to the fact that changes in the vector of development of the price trend that it records do not lead to continued movement in a certain direction.

This is a classic problem with most trend trading systems and indicators. In order to understand how to deal with it and include Binary Options Fire in your trading strategy in order to accelerate your deposit , we recommend that you familiarize yourself with the list of the best trend indicators .

To increase the reliability of trading, we recommend using additional filters in conjunction with this indicator. For example, to filter signals, you can use the standard indicator for assessing the current volatility level from the MetaTrader4 platform - StdDev with a period of 5. Based on the values ​​of the StdDev oscillator, we will construct a simple moving average with a period of 9 (SMA9).

signal filters in binary options fire

We will take signals from Options Fire only when the values ​​of the volatility oscillator StdDev (5) are higher than the nine-period moving average SMA (9), built based on its values. In other words, we will trade only in conditions of increasing volatility (changeability) of the market.

As you can see in the chart, this rule perfectly filters weak signals and helps to significantly reduce the number of losing trades. In fact, we ignore flat areas and enter into transactions only when the market has decided on the direction.

You can apply other filtering methods using various technical analysis methods and pattern indicators .

Opening a Call Option

On the previous candle, the color of the Binary Options Fire basement indicator changed from red to green. At the same time, StdDev (5) is higher than SMA (9), built according to its values. At the opening of a new time interval, we buy a Call option.

buying a call option in binary options fire

Opening a Put option

On the previous candle, the color of the Binary Options Fire basement indicator changed from green to red. At the same time, StdDev (5) is higher than SMA (9), built according to its values. At the opening of a new time interval, we buy a Put option.

buying a put option in binary options fire

Conclusion

The Binary Options Fire indicator can be actively used in binary options scalping . Fans of turbo options and quick trades will appreciate it. In general, it gives quite a lot of accurate signals, but requires filtering them using different methods. When trading, try to avoid consolidations and flat areas of the market. Open trades at moments of impulse movements.

Please note that this indicator largely copies the behavior of the Stochastic oscillator and is clearly not worth the money that the developers are asking for it. It is not recommended to use its signals without filtering.

Before you start using it in practice, be sure to test its operation on history. Only after making sure that the signals and a well-chosen filter are effective can you try to use them in practice. The best approach is to start with a demo account with a proven broker , applying all the rules of risk management and money management .

Download binary options indicator Binary Options Fire

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Try it on a demo account

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See also:

Books on trading

Current bonuses and promotional codes for BO

Live chart for binary options online

Official binary options brokers in Russia

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Comments

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Ion
12896 Добрый День, К сожалению у меня данный индикатор не хочет ставится в МТ4. Могу я Вас попросить скинуть его на почту? Спасибо...
26 April 2024
Answer
tirant
tirant
12875
Скальпинг это самое милое дело.))))
Трейдер БО , Для начинающих - да.)))
Артур , И еще один стохастик, но за 13 баксов. ))))
Трейдер БО , Вот и я так думаю
25 April 2024
Answer
Трейдер БО
Трейдер БО
12851
Скальпинг это самое милое дело.))))
Трейдер БО , Для начинающих - да.)))
Артур , И еще один стохастик, но за 13 баксов. ))))
17 April 2024
Answer
Богдан
Богдан
12850
Скальпинг это самое милое дело.))))
Трейдер БО , Пора уже глобально мыслить.))))
17 April 2024
Answer
Option Bull
Option Bull
12848 Да, индюк явно не отличается оригинальностью и копирует стохастик, но все же дает чуть более точную информацию о тренде. Что же касается цены, то каждый решает для себя сам: покупать его или нет. Если что, то 13 баксов для трейдера не деньги и их можно легко отбить. А по поводу фильтров, так я по своему опыту могу сказать, что любой индюк для скальпинга не может обойтись без доп фильтрации)
16 April 2024
Answer
Руслан
Руслан
12847 И дело ведь не только в том, что он не оригинальный + платный. Тут дело еще и в том, что для его использования все равно нужно юзать дополнительные фильтры для сигналов, хотя он позиционируется как рабочий инстурмент для турбо-опционов и скальпинга.
16 April 2024
Answer
Руслан
Руслан
12846 Какая-то фигня, которая не стоит своих денег. Мало того что это тот же стохастик, который во многих торговых платформах уже давным давно присутствует в наборе встроенных индикаторов, так за него еще и просят плату.
16 April 2024
Answer
Артур
Артур
12845
Скальпинг это самое милое дело.))))
Трейдер БО , Для начинающих - да.)))
16 April 2024
Answer
Трейдер БО
Трейдер БО
12844 Скальпинг это самое милое дело.))))
16 April 2024
Answer
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