Sane FX Binary is a free Metatrader 4 (MT4) indicator that was developed for both binary options trading and Forex scalping.
The indicator pops up in the main MT4 chart window as green and red colored buy and sell arrows that provide short-term trend direction.
The Sane FX Binary can be used in multiple ways.
Buy & Sell Trade Example
- A buy signal occurs when the green signal arrow is displayed on the chart.
- A sell signal occurs when the red signal arrow is displayed on the chart
The Sane FX Binary indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
For scalping and day trading on the lower time frames, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “SaneFxBinary.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Sane FX Binary mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
Sane FX Binary + Super Trend Oscillator Forex Strategy
This MT4 trading strategy combines the fast signal precision of the Sane FX Binary Indicator with the trend-filtering strength of the Super Trend Forex Oscillator Indicator.
It is a simple yet highly effective method for short-term traders, binary traders, and scalpers who prefer quick and clear trade setups.
This combination works best on M1 to M15 charts, especially during volatile trading sessions like London and New York.
The Sane FX Binary Indicator is known for its accurate buy and sell arrows that appear directly on the chart.
A green arrow signals a potential bullish entry, while a red arrow signals a bearish opportunity.
The Super Trend Forex Oscillator, displayed as a color-changing histogram, acts as a powerful trend filter — blue bars indicate bullish momentum, and red bars confirm bearish conditions.
When used together, they create a highly reliable strategy that eliminates guesswork and provides consistent trading opportunities.
Why This Strategy Works
The Sane FX Binary Indicator detects short-term market reversals using algorithmic pattern recognition.
While these signals are accurate, combining them with the Super Trend Oscillator ensures traders only act when price movement aligns with the broader trend direction.
This synergy reduces false entries and improves overall trade accuracy, making it a perfect match for disciplined scalpers and binary traders seeking high-probability setups.
Buy Entry Rules
- Wait for a green signal arrow from the Sane FX Binary Indicator to appear on the chart.
- Confirm the entry only if the Super Trend Forex Oscillator is showing blue histogram bars, indicating a bullish market phase.
- Place your stop loss below the previous swing low or at least 10 pips under the entry level.
- Take profit around 15–30 pips for short-term scalping or close the position when the histogram turns red.
Sell Entry Rules
- Wait for a red signal arrow from the Sane FX Binary Indicator to appear on the chart.
- Confirm the trade only if the Super Trend Forex Oscillator is showing red histogram bars, confirming bearish trend direction.
- Place your stop loss above the recent swing high or 10 pips above the entry candle.
- Take profit between 15–30 pips or exit when the histogram turns blue.
Advantages
- Simple visual confirmation using clear arrows and color-coded histograms.
- Excellent for Forex scalping and short-term binary options trading.
- High accuracy when both indicators align.
- Can be used on multiple forex pairs and timeframes.
- Reduces emotional trading decisions with objective entry rules.
Drawbacks
- False signals can appear if the Super Trend oscillator filter is ignored.
- Not suitable for very high timeframes where signals appear less often.
Example Case Study 1: EURUSD M5 Chart
During the London session, the Sane FX Binary Indicator printed a green arrow on EURUSD at 1.0725, signaling a buy opportunity.
At that time, the Super Trend Oscillator showed blue histogram bars, confirming bullish pressure.
A buy trade was opened with a stop loss at 1.0715 and a take profit at 1.0750.
The price moved steadily upward, reaching the target in 35 minutes for a +25 pips gain.
The combined signal helped avoid hesitation and confirmed a clean trend continuation.
Example Case Study 2: GBPUSD M15 Chart
Later in the day, a red arrow appeared on GBPUSD near 1.2810, indicating a potential sell setup.
Simultaneously, the Super Trend Oscillator turned red, confirming a strong bearish move.
A short position was entered with a stop loss at 1.2830 and a target at 1.2775.
Within one trading hour, the pair dropped 35 pips, hitting the profit target smoothly.
This case demonstrated how combining both indicators ensures alignment between reversal timing and momentum direction.
Strategy Tips
- Avoid trading during flat market conditions or before major news releases.
- Use this method on active sessions (London or New York) for stronger signals.
- When trading binary options, consider expiration times of 5–15 minutes for the best results.
- For forex scalping, always confirm the histogram direction before every new trade.
The Sane FX Binary + Super Trend Oscillator MT4 strategy provides a clean and reliable setup for traders who prefer precision and speed.
By combining directional arrows with a strong trend confirmation tool, traders can enter trades confidently and exit at optimal points — all while keeping the strategy simple and consistent.
