The Extreme Binary Bot Indicator for MetaTrader 4 is a powerful tool designed to support both binary options traders and Forex scalpers with clear and timely market signals.
Whether you’re aiming for rapid trades or seeking precise short-term entries, this indicator delivers high-quality insights for your strategy.
At the heart of the tool is a compact dashboard that displays real-time signal data, including the current trend direction and signal strength.
Alongside the dashboard, the indicator automatically plots on-chart buy and sell markers, allowing traders to take action without delay.
The Extreme Binary Bot is suitable for both novice and experienced traders looking to increase their edge in fast-paced trading environments.
Key Features
- 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
Trading Chart
The EUR/USD 5-minute chart below shows the Extreme Binary Bot indicator in action.
Trading Signals
BUY:
- A buy signal is given when the green dot appears on the trading chart.
- Set the 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 dot appears on the trading chart.
- Set the 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 Now
Download the “xtreme-binary-bot-indicator.mq4” MT4 indicator
Combining Extreme Binary Bot with Vortex Indicator Strategy
Enhance your trading precision by integrating the Vortex Indicator with the Extreme Binary Bot Indicator.
This combination leverages the Vortex Indicator’s ability to identify trend strength and direction, providing additional confirmation for the signals generated by the Extreme Binary Bot.
Strategy Setup
- Time Frame: 5-minute and 15-minute charts
- Indicators:
- Extreme Binary Bot Indicator
- Vortex Indicator (set to a 21-period length)
- Currency Pairs: Suitable for all major pairs
Trade Entry Rules
Buy Signal
- A green dot appears on the chart from the Extreme Binary Bot Indicator.
- VI+ crosses above VI−, indicating a bullish trend.
Sell Signal
- A red dot appears on the chart from the Extreme Binary Bot Indicator.
- VI− crosses above VI+, indicating a bearish trend.
Trade Management
- Entry: Enter the trade at the close of the signal candle.
- Stop Loss: Place a stop loss a few pips below the recent support (for buy trades) or above the recent resistance (for sell trades).
- Take Profit: Aim for a predetermined profit target or exit when an opposite signal is generated.
Adjustable Parameters & Settings
Alert settings, colors, and style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Scalping, binary
How do you 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)
