Forex Binary Code Indicator for MT4 FREE Download

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Forex Binary Code | Binary Indicator for MT4 FREE Download

The Forex Binary Code Indicator Indicator is a good NON repainting binary indicator for MT4 that provides easy-to-use buy/sell signals. This setup will suit binary traders and day traders.

It is a mathematical model of the behavior of the forex and stock markets. The index is represented by a binary code.

A binary code is a way to represent data from a flush in a combination of two symbols, usually represented by the numbers 0 and 1

• 0 – which is a reduced data move
• 1 – which is a data move. bullish data

The indicator performs complex calculations based on current market behavior, analyzes the direction and phase of the current trend, corrects when the current trend becomes weak and draws an arrow at times first reverse move.

Traders using this indicator have a high chance of opening a trade at the start of a new trend. Indicators do not repaint. It works with default settings on most timeframes and pairs or even stocks.

See Also : Zup Harmonic Forex Indicator For MT4 Free Download

History of Binary Code Indicator Mq4

Forex Binary is an old indicator with a different name. The original index is called the Raitis Cy filter. There is very little to say. Only buy and sell arrows have been added to the binary indicator.

The Forex Binary Code System can provide you with trading signals that you can take, or add your additional chart analysis to further filter the recommended signals. While this system can be used by traders of all experience levels, it helps if you practice trading on an MT4 demo account until you become consistent and confident enough to trade.

You can configure the Binary Indicator For MT4 to send you signal alerts via mobile notifications, platform popups, and emails. This is useful because it means you don’t have to watch the charts all day, waiting for the signals to appear, and you can view multiple charts at once.

The Raitis trading system can be used on any Forex currency pairs and other assets like Stocks, Commodities, Cryptocurrencies, Precious Metals, Oil, Gas, etc. You can also use it anytime that suits you best, from 1-minute to 4-hour charts. It works best on M30 or H1 time frames.

Trading Rules of Binary Indicator For MT4

Follow money management and do not enter trades during high-impact news. Exit your trade within half an hour of high impact forex news.

As always, for good results, remember good money management. To become a profitable trader, you need to master discipline, emotions, and psychology.

Knowing when and when not to trade is very important. Avoid trading during unfavorable market conditions and times, such as low volume/volatility conditions, outside of major trading sessions, exotic currency pairs, wider spreads, and more.

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Buy or Call Trade

Binary/Raitis Cy filters buy signal
Raitis channel below the histogram (green).

Sell or Put Trade

Binary/Raitis Cy Filter Sell Signals.
Raitis channel above the chart (orange).

See Also : Rainbow Indicator MT4 Free Download  

Exit from Trades

All positions with this system can be liquidated with a fixed profit target. Also, a profit target should be set using the previous support or resistance level as a reference point.

You can draw a line from the previous support/resistance level to widen horizontally to place your Take Profit a few pips below that level. You can also exit a trade manually if the system condition reverses (the opposite arrow appears).

Stop loss should be used. Place the SL below the entry price using the previous support/resistance level as a reference point Or above the previous swing high/low.

Note: A fixed stop loss setting without any reference points should not be used.

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