KENOX 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 KENOX 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 KENOX 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 “KENOX Binary Indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the KENOX Binary mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the KENOX Binary indicator.
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.
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Download the “KENOX Binary Indicator.mq4” indicator for Metatrader 4
