Binary Options: The XProfuter Indicator

By | October 26, 2013
Saturday, October 26th, 2013 by Sjay Bell 
 I have a question for you guys. What will we do without technical indicators? Imagine if we only had access to only pure blank charts with just trend lines and no more than that. Price Action traders will be okay. But, those who use technical indicators, let’s just say we may not be trading for long. So, thank goodness for indicators. Speaking of which, I want to introduce you guys to an awesome indicator called the XProfuter Indicator. There 100’s and maybe even 1000’s of indicators to choose from. We try to handpick these indicators that can help us predict the market. Now, I am going to say this. There is no indicator that can predict the market 100% of the time. But, there are some that are pretty good at trying. The XProfuter indicator is one of them. I know you all are dying to know more about this indicator. So, let’s get into it!
What makes the XProfuter indicator awesome is that it has the ability to predict movements in the markets like reversals before they happen. It is rumored that this indicator works 92% of the time. It’s like it has the ability to recognize patterns then analyze what happens when these patterns are established. With this information, it predicts what price will do within the next few bars.
Now, I don’t advise you guys to use this indicator as a gauge for your trading decisions. It fully benefits you when you make your own trading analysis, and just use it for conformation. While testing it, I found that it works great with the Momentum, Relative Strength Index, and the great Value Chart. Now, it’s optional for the Momentum or Relative Strength Index. I prefer the Momentum indicator. But, the Value Chart is a must. You can actually make you own little strategy off of this. I will show you how and it’s fairly simple. First, you want to make sure that the Value Chart indicator shows that the market is significantly or at least moderately overbought or oversold.
For those who need me to elaborate, a reading greater than 8 signal that the market is significantly overbought. Whereas readings below -8 signal that the market is significantly oversold. The same thing applies vice versa.  Readings greater than 4 signal that the market is moderately overbought. Whereas readings below -4 signals that they market is moderately oversold. Once you get confirmation from your Value Chart, all you have to do is look for the XProfuter and Momentum indicator to point in the same direction. This is a great method for those of you who like to trade with little to no technical analysis.
xprofuterSnapshot of Xprofuter indicator on hourly expiry  GBP/USD
To conclude, this technical indicator that shows great promise. Some say it works 92% of the time. But, you should be the judge of that. If you really want to know if it’s as cracked up as it’s described, testing on a demo account will be greatly advised.
Checkout the list of Indicators on the BinaryoptionsChannel.com or the list of free/paid signals providers.

11 thoughts on “Binary Options: The XProfuter Indicator

  1. ANTHONY OKORIE

    Sir,
    I think this indicator makes a lot of sense. Please may I ask for the indicator.

    Reply
  2. Jay

    Could you please send me a copy of the profiteer indicator. I’m looking for a reliable scalping indicator. Thanks.

    Reply
  3. Istvan Kocsis

    Hi Mike, I could not miss this indicator. Please email it to me asap.
    Thanks.

    Reply
  4. Trent

    Hey Micheal, i got a very burning question here regarding Profuter Indicator

    The purple line, when you put your mouse cursor over it. it show values like -1 -2 -4 -8 and what does these value means, time span like 4 or 8 hours. Cause i use 4 hour windows. Please help solve this mystery

    Reply
    1. Michael Freeman Post author

      Hi Trent, Those values signify to the trader the relative strength of the market, if the value is at -1 the market is the least overbought/oversold, if the value is -2 or -4 then the market is strong and the possibility of reversals are very strong, and -8 mean the market is extremely oversold/overbought depending on which way the trend is moving and reversals are more than likely to happen. -1 is the least and -8 is the most, hope this helps you. Mike

      Reply
  5. Tobias

    Looks nice. Will try it. Looked it up on the net. This site suggests different seetings for different currencies. FYI
    greattradingsystems.com/indicators/xprofuter-indicator/

    Reply
    1. Michael Freeman Post author

      Hi Jeff, You can add this indicator on Meta Trader 4. I will email you the Xprofuter Indicator file and you can upload it. Cheers! Mike

      Reply

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