OLYMP Trade Binary Options System Indicator (Download link is inside)

OLYMP Trade System is a Binary Options System that gives NON-Repaint(arrows) buy/sell signals. This setup will suit Scaling and Binary Trading. This binary indicator For MT4 is made by combining some of the most advanced indicators.It’s a versatile forex scalping trading system that can be applied to trade all kinds of forex currency pairs and fits all sorts of timeframe charts. The arrow used in this system is “NON REPAINT”, This means after the candle is finished and closed and the new candle is opened, the Old Signals will never change.For Scalping, it works excellently on M1 or M5 timeframes. But you can use it on any. If used for binary options, a 1-Minute chart is desirable for a 5-minute expiration or a 5-Minute chart for a 25-minute expiration.This NON-REPAINT binary options system is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward.

This Binary Options MT4 can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.

You can set the Binary Options System to send you a signal alert via Mobile Notification, platform pop-ups, and Email. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.

Binary Trading System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-hour charts. It works best on M1 or M5 timeframes.

Binary Trading System Trading rules

For scalping and binary trading best sessions, times are in European and New York. It works great on lower time frames timeframe (M1 and m5). But you can use it on any. We also recommend keeping a look for support & resistance when entering trades.

Follow money management & Don’t enter to trade within the Medium or high-impact news period.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.

Auto Fibo indicator gives an average of 4-8 signals an hour in 1 minute timeframe.

If OLYMP Trade is used for Binary Options System

• 1-Minute chart for 5-minute expiration
• 5-Minute chart for 25-minute expiration

Buy signal or Call

• When the candle reverses by touching the top 0 lines and breaks out the bottom 23.6 line. (Red Area)
• Gets a sell arrow.
  (But the arrow candle should not go below the 50 lines.)
• Then you can take a Buy trade binary options Call.

Sell signal or Put

• When the candle reverses by touching the top 100 lines and breaks out the bottom 76.4 line. (Red Area)
• Gets a sell arrow.
  (But the arrow candle should not go below the 50 lines.)
• Then you can take a sell trade binary options Put.

Exit position

Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support or resistance as a reference point. You can draw a line from the previous support/resistance to run horizontally to set your Take Profit a few pips below that level. You may also exit the trade manually if the conditions of the system reverse (the opposite Arrow appears).

It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advised.