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REGISTER PARTICIPANTS Frz Binary Reversal Indicator

Discussion in 'Forex indicators MT4' started by Emma McNeill, Sep 12, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #FRZBinaryReversalIndicator

    Description

    This is an MT4 expert advisor that is intended to be used as a confirmation signal generator for binary options trading strategies. The signals are never repainted and therefore you can see which ones were correct and which ones were not correct.

    Usage limits:

    Single purchase includes a license for any two (02) trading account numbers (Two accounts can be either 02 real accounts or 01 demo & 01 real account). You can submit your account numbers after purchase. You can submit the two accounts within 30 days of purchase. You can NOT change the account numbers later. Any additional licenses will be charged separately. We do not offer refunds or returns. The full terms and conditions are given here/

    The strategy behind the signals

    This EA primarily uses Harami Candlestick Chart Patterns, which are considered to be strong reversal signals. The signal is generated at the open of the following candle after a Harami pattern.
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    Optional Filters

    This EA provides two additional filters to be added to filter the basic signals that will increase the accuracy:

    • Bollinger Bands filter: You can optionally enable Bollinger Bands filter. If enabled, the EA will filter out signals which are not near the upper (for sell signals) or lower (for buy signals) band of the Bollinger Bands indicator.
    • Stochastic Oscillator filter: You can optionally enable this filter. If enabled, the EA will filter out signals which are not in oversold areas (for buy signals) or overbought areas (for sell signals).
    You may have one or both filters enabled. However, enabling filters will reduce the frequency of signals while increasing the accuracy of signals. In addition, this EA will not generate signals when there is a strong trend against, as measured based on a 10-period moving average.

    Notification options

    When a buy or sell signal is generated, there is a variety of notification options as:

    • Red/green arrow signs
    • Alert popups
    • Sound notifications
    • Phone notifications
    • Email notifications
    NB: You will also need to set up your MT4 to receive phone or email notifications.
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    Supported Platform

    This EA works on MT4 platform only.

    Timeframes

    This EA is designed for 05 minutes chart. The potential expiration time for binary options could be 5-15 minutes

    Currency pairs

    Can be used with any major, minor or exotic pair

    Settings
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    Potential Win Ratio
    Win ratio may range 65%-85% depending on market conditions. You can test this on a DEMO account first before moving to a real account.


     
    #1 Emma McNeill, Sep 12, 2020
    Last edited: Sep 12, 2020

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