About the Binary Comodo Indicator
The Binary Comodo indicator for MT4 is designed to provide fast, actionable signals for binary options and scalping traders.
It displays green and red arrows directly on the chart, highlighting potential buy and sell opportunities in real-time.
Ideal for beginners and active traders alike, Binary Comodo works across all currency pairs and timeframes.
The indicator helps simplify trade decisions by showing clear entries without complicated calculations.
It can also be combined with trend, momentum, or volatility indicators for more confident trading.
Free Download
Download the “Binary comodo.mq4” indicator for MT4
Key Features
- Shows green arrows for buy signals and red arrows for sell signals
- Suitable for binary options and scalping strategies
- Works on all currency pairs and timeframes
- Easy to use with no complex setup required
- Can be combined with other indicators for confirmation
Indicator Chart
The chart shows the Binary Comodo indicator arrows in action.
Green arrows suggest long trades, while red arrows indicate short trades.
This visual guide helps traders identify precise entry points for fast trades.
Guide to Trade with Binary Comodo
Buy Rules
- Open a buy trade when a green arrow appears
- Confirm with trend direction or price action if needed
- Exit or reverse if a red arrow forms
Sell Rules
- Open a sell trade when a red arrow appears
- Confirm with trend or support/resistance levels
- Exit or reverse if a green arrow forms
Stop Loss
- Set a fixed stop below the recent swing low for buys
- Set a fixed stop above the recent swing high for sells
- Consider tightening stops in lower timeframes
Take Profit
- Close trades when an opposite arrow appears
- Use trailing stops for strong trending moves
Practical Tips
- Focus on pairs with clear market direction
- Use on M1–M15 charts for scalping or binary timing
- Combine with volume or trend indicators for better confirmation
- Keep position sizes small for binary options trades
MT4 Scalping Strategy: Binary Comodo + ZWinner Trend Forex Indicator
This scalping strategy combines the Binary Comodo Indicator and the ZWinner Trend Forex Indicator for short-term intraday trades.
The Binary Comodo Indicator provides clear entry signals with green arrows for buy and red arrows for sell.
The ZWinner Trend Indicator displays block histograms in green for bullish trends and red for bearish trends, helping confirm the trade direction.
This strategy is ideal for 1-minute to 5-minute charts and active scalpers.
Buy Entry Rules
- Wait for a green arrow from the Binary Comodo Indicator, signaling a buy opportunity.
- Confirm the trend is bullish with a green histogram block from the ZWinner Trend Indicator.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss just below the most recent swing low or a nearby support level.
- Set take profit at a 1:1.5 reward-to-risk ratio, or exit when a red arrow appears.
Sell Entry Rules
- Wait for a red arrow from the Binary Comodo Indicator, signaling a sell opportunity.
- Confirm the trend is bearish with a red histogram block from the ZWinner Trend Indicator.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss just above the most recent swing high or a nearby resistance level.
- Set take profit at a 1:1.5 reward-to-risk ratio, or exit when a green arrow appears.
Advantages
- Buy/sell signals for fast scalping decisions.
- Combining trend confirmation reduces false entries.
- Non-repainting indicators ensure past signals remain valid.
- Works well on multiple currency pairs and short timeframes.
- Helps maintain discipline with structured entry and exit rules.
Drawbacks
- High spreads or slippage may reduce profitability, especially on smaller timeframes.
- Performance may vary across different currency pairs and market conditions.
- Requires quick execution; slower brokers or platforms may affect results.
- Scalping can be mentally demanding and may lead to fatigue over long sessions.
Case Study 1
On the EUR/USD 1-minute chart, a green arrow from the Binary Comodo Indicator appeared, confirmed by a green histogram from ZWinner Trend.
A buy trade was entered at 1.1850, with a stop loss at 1.1840 and a take profit at 1.1865.
The trade reached the take profit target in 8 minutes, yielding a 15-pip gain.
Case Study 2
On the GBP/JPY 5-minute chart, a red arrow appeared from the Binary Comodo Indicator, confirmed by a red histogram from ZWinner Trend.
A sell trade was entered at 150.50, with a stop loss at 150.70 and a take profit at 150.20.
The trade reached the take profit target in 12 minutes, capturing a 30-pip gain.
Strategy Tips
- Trade during high-liquidity sessions, such as London and New York, to ensure reliable signals.
- Use currency pairs with tighter spreads like EUR/USD, GBP/USD, and USD/JPY for better scalping efficiency.
- Combine with short-term support and resistance levels to filter false signals.
- Keep scalping sessions focused and avoid trading during major news events to reduce unexpected volatility.
- Use a trailing stop to lock in profits during strong trends.
- Avoid entering trades during low-volume periods to prevent weak or false signals.
Download Now
Download the “Binary comodo.mq4” indicator for Metatrader 4
FAQ
Can I use it for all currency pairs?
Yes. The indicator works with any pair available in MT4.
Is it suitable for beginners?
Yes. The arrows provide clear, visual trade signals without complex setups.
Can it be used for binary options?
Yes. It is designed for both binary and regular Forex scalping trades.
Which timeframes are best?
M1, M5, and M15 work best for scalping and binary option trades.
Summary
The Binary Comodo indicator for MT4 offers clear buy and sell signals for both scalping and binary options traders.
Green and red arrows mark potential trade entries, making it easier to act quickly in fast-moving markets.
Beginner-friendly and adaptable to all currency pairs, it can be combined with trend or volume indicators for improved accuracy.
Its simple visual cues help traders make faster, more confident decisions in any trading session.
