124# Binary Trading Signal
Binary trading signal is a trend following system based on one signal indicator. How to use binary trading signal indicator. Identify the current long term trend. Example- if you use 5 min time frame- go to one time frame higher (15 min chart in this case).
Time frame 5 min or higher.
Markets: Cuirrency pairs ( majors), commodities and indicies.
Expiry time: discetionary.
On 5min time frame indicator will show you smaller intraday trend, ignore all signal against a broader 15 min time frame.
Example. 15 min time frame the trend is up but you get an sell signal on your 5 min time frame (ignore it) wait for a buy signal to enter.
Find a market in trend and do not apply this indicator in sideways market.
The indicator generates trades when it changes color from orange to blue (arrow).
The indicator generates trades when it changes color from blue to orange (arrow).
This Indicator is also good for scalping.
Exit at the opposite signal arrow or with the profit target predetermined.
In the picture binary trading signal in action.
Share your opinion, can help everyone to understand the forex strategy