Thursday, April 3rd, 2014 by Michael Freeman
There are many different trading approaches, tactics and indicators to assist you with binary options trading. The bright side is that all the complication calculations and formulas are no longer required in order to properly analyze price movement and predict a trend. New and seasoned traders seeking to dive-in deeper and emulate the professional strategies that professional day traders are using, can get access to this information free without paying a single dollar!
As with any product that involves a great deal of demand, there’s always a paid version to every product that’s being offered free and you can bet that online advertisers will leverage on this opportunity and try to sell you binary options indicators for Meta Trader 4, while you can get 100’s of free indicators without paying a dollar to anyone. Quality is not always measured by the price tag, as they say “The best things in life are free!” and it’s definitely the case when in comes to binary options indicators and strategies. Instead of wasting a lot of money and finding yourself paying for something that might not delivery, you can get plenty of valuable information with a quick research and test the “free stuff” before you start buying for paid indicators, training and strategies.
If you are not familiar with MetaTrader 4 and how to setup indicators checkout this video! META TRADER Tutorial Video!!
Now that we understand what Meta Trader 4 is and how we can use it to our advantage, we need to learn how to setup the technical analysis indicators on the charts. Some Indicator service providers like Boss Indicator or Binary Reaper will sell you indicators for anywhere between $50-$200 while you can download these indicators free or customize the available indicators that already come with Meta Trader 4.
On MQL4 you can find thousands of trading scripts, signals, indicators on a free peer2peer sharing network. Mt4 is %100 open source which makes it the most powerful advanced charting solution for Forex and Binary Options.
If you are interested to learn how to create your own custom indicators based on your favorite asset and expiry (5,10,15 minutes) you can follow this simplified guide on Investopedia How To Create an Indicator on Meta Trader 4?