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Extreme Binary Bot Indicator (MT4)

    The Extreme Binary Bot indicator for Metatrader 4 provides signals for both binary traders and Forex scalpers.

    The indicator is composed of a mini dashboard and on chart buy & sell signals.

    For scalping purposes, the indicator works best on the 5-minute trading charts.

    After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

    Key Points

    • Buy & sell signals indicator
    • Works for binary trading and scalping FX
    • Newbie friendly
    • Well worth adding to your indicator collection

    This indicator can work together with any existing trading strategy or system as a short-term trend confirmation tool.

    Free Download 

    Download the “xtreme-binary-bot-indicator.mq4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 5-minute chart below shows the Extreme Binary Bot indicator in action.

    Basic Trading Signals

    BUY:

    • A buy signal is given when green colored dot appears on the trading chart.
    • Set stop loss a few pips below short-term support.
    • Exit the buy trade for a predetermined profit target or wait for a sell signal.

    SELL:

    • A sell signal is given when the red colored dot appears on the trading chart.
    • Set stop loss a few pips above short-term resistance.
    • Exit the sell trade for a predetermined profit target or wait for a buy signal.

    Download This Forex Indicator

    Download the “xtreme-binary-bot-indicator.mq4” MT4 indicator

    Adjustable Parameters & Settings

    Alert setting, colors, style

    Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: any

    Indicator Type: Scalping, binary

    How to install the Extreme Binary Bot indicator in Metatrader 4?

    • Copy and paste the xtreme-binary-bot-indicator.mq4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right click in the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button
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