Binary Options Indicator MSP Indicator is a signal indicator based on momentum. MSP Indicator generates signals for Call and Put options using impulse price movements in both upward and downward movements. Visually, this indicator is depicted in the form of arrows and captions under them for greater convenience (Buy and Sell, also known as Call and Put).
Please note that the binary options indicator MSP Indicator is a paid indicator and is currently sold for $49.90, but can be downloaded for free from our website for review.
Characteristics of the indicator for binary options MSP Indicator
- Terminal: MetaTrader 4 .
- Time frame: M5-D1.
- Expiration: 5 candles.
- Types of options: Call/Put.
- Indicators: MSP Indicator_v1.ex4.
- Trading instruments: any.
- Trading time: 8:00-20:00 Moscow time.
- Recommended brokers: Quotex , PocketOption , Binarium .
Installing the binary options indicator MSP Indicator in MT4
The indicator is installed as standard in the MetaTrader 4 terminal.
MetaTrader 4 instructions for installing indicators:
Review of the MSP Indicator for binary options
As was already said at the beginning of the article, the indicator for binary options MSP Indicator is a signal indicator that is built on momentum and impulses, and as you know, momentum is a very valuable trading factor for profitable binary options trading:
Experienced traders use impulse movements not only for short-term trading (intraday trades), but also for long-term trading (trades lasting one day or more), thanks to which traders and investors can receive accurate and effective signals at price extremes. And this is why impulses and momentum are suitable for any binary options trading strategies .
Traders who use momentum when trading binary options hope that the price of the selected trading asset will also move in the direction of the trend until that trend stops and reverses . Using a special formula, which is used by the indicator algorithm for binary options MSP Indicator, all signals for the purchase of Call and Put options are generated, which show the best performance and profitability at times of increased market volatility , since it is at such moments that impulses work best, regardless of price direction.
It is also important to note that the MSP Indicator for binary options uses not only momentum, but also the average true range (ATR). This helps determine the strength of momentum before the signals for Call and Put options appear.
MSP Indicator settings
The indicator for binary options MSP Indicator has an average list of settings:
At the same time, there are two variables that are especially important in the indicator’s operation:
- ATR Multiplier . The first parameter must be changed depending on the financial markets and trading assets, as well as time frames . Most often, a higher time frame (hourly and higher) will have a larger price range, so the ATR value should be set higher, since a higher time frame will have a larger range. If you set a small value for a long time period, the MSP Indicator may not work properly. The lower the ATR Multiplier value, the more signals will be generated, which will provide more trading opportunities, but this can also lead to false signals. The value “3-5” is average and most suitable for any timeframe;
- Reactor . The second parameter is used to adjust the strength of the pulses, and a low value in the settings will generate an effect with low sensitivity, causing the signals to appear slowly, while a higher value will produce more frequent signals due to high sensitivity. This parameter plays a decisive role in signal formation and can be set in the range from “0” to “1” (“0.1”, “0.3”, “0.8” and so on).
Next are the minor settings:
- Source . Variable for calculating average true range (ATR);
- ATR Timer . The average true range (ATR) is the average volatility over a specified period. ATR measures volatility by taking into account any changes in price movement. Typically, ATR calculation is based on 14 periods, which can be intraday, daily, weekly or monthly. To measure recent volatility, it is better to use a shorter average, such as "2" to "10". For longer-term volatility, use values from “20” to “50”;
- Changing ATR method ? This option is used to change the ATR calculation method, where Moving Averages and ATR are used to generate a different type of calculation. Setting it to True will use the default function, and unchecking it will select the second ATR calculation method.
All other settings are responsible for alerts and font size, as well as the color of signals:
Trading rules using the MSP Indicator for binary options
The rules for trading using the indicator for binary options MSP Indicator are simple, since transactions are carried out according to signals. And as soon as a blue arrow with the signature “Buy” appears, pointing upward, you can buy the Call option. When a red arrow appears with the signature “Sell” pointing down, you can buy a Put option:
It is important to remember that the option is not bought immediately after the signal appears, but after the candle on which the signal appears is closed, since otherwise haste can lead to losses.
Timeframes have already been discussed above, and any charts can be used, but expirations for all signals should be in the amount of 5 candles from the selected timeframe.
In addition, this indicator is suitable for trading on the Forex market, in which case it costs to buy and sell currency pairs in exactly the same way according to the signal, and the closing of the transaction should occur on the opposite signal.
Buying a Call and Put Option
In the image below you can see how signals and trade entries work. When the signal candle closes, Call or Put options are purchased with an expiration of 5 candles, which on this chart is equal to 5 hours:
Conclusion
The MSP Indicator, despite the fact that it is paid, does not redraw signals and can be used for trading binary options. It is important to remember that if the indicator is used without other auxiliary tools, then it is important to make transactions only according to the trend. You can also use other indicators in addition to the MSP Indicator to improve your results.
It is also always worth remembering the “golden” rules of money management and risk management , and also choosing only an honest and trusted broker, which can be found in our rating of binary options brokers .
Download free MSP Indicator
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See also:
How to make money on binary options
Pros and cons of trading binary options
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