- November 6, 2020
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Hi Forex Wiki Friends,
Binary Options Vega Description :
The indicator for binary options Vega is a signal indicator with filters and levels, which was created specifically for trading binary options.
The main advantage of the indicator for binary options Vega is the presence of three filters for each time frame, which allows you to determine the direction and strength of the trend as quickly as possible, just by looking at the signal panel.
It is worth paying attention to the fact that the Vega indicator is sold on the network for 3,150 rubles, but from our website you can download it for free at the end of the article.
Vega indicator characteristics
- Terminal: MetaTrader 4 .
- Time frame: M5.
- Expiration: 5 minutes.
- Option types: Call / Put.
- Indicators: Vega.
- Trading instruments: all currency pairs.
- Trading time: 9: 00-17: 00.
Broker Requirement :
Installing Vega indicator in MT4
The indicator is installed as standard in the MetaTrader 4 terminal.
MetaTrader 4 instructions for installing indicators:
Binary Options Vega Settings:
The indicator for Vega binary options has no settings, which makes it as convenient as possible for both beginners and experienced traders. As a result, you can customize the colors of the levels or disable alerts:
If alerts are enabled, then when signals appear, alerts will appear:
Trading rules and description of the Vega indicator
The author of the indicator for binary options Vega focuses on trend trading, since understanding the trend leads to successful trading in any markets and time frames, so before using the indicator it is worth understanding what a trend is and how to determine it , as well as how to determine flat in the market and what is a bullish and bearish trend .
After studying the basics of the trend, you can move on to the trading rules that are understandable even without explanation, since to buy a Call option, you need to determine the trend yourself or using the panel, and then wait for the blue arrow, which is directed up, and the same for the Put option, but the arrow should already be red and pointing down.
These rules are not the only ones, and in order to get the most accurate trades, you will need to adhere to other important factors when trading using the indicator for Vega binary options. These factors include:
- Traded currency pairs.
- Correct use of the indicator panel.
- Location of levels.
The author recommends using 16 currency pairs for trading, since, according to him, they are the most predictable in trading:
You can also try to use other currency pairs in trading, but you should definitely check the work of the indicator on them.
In addition to standard ways of defining a trend, it can also be defined using the panel in the upper right corner. It should be noted that defining a trend using the panel gives only a short-term direction and should only be used for quick deals:
For transactions, the best option would be to have two or three arrows pointing in one direction:
If only one filter is directed towards the signal on the chart, then it is better to skip the deal.
Note: the strongest signal is considered to be unidirectional movement from all three filters.
It is also important to watch the levels that the indicator builds automatically:
And as the author of the indicator for binary options Vega claims, if the price is inside the channel, then all signals (arrows) should be considered, but if the price left the channel, then it is better not to trade on such a currency pair, since the strength of the levels is lost. But if you look at some currency pairs, then even behind the levels signals can work out very well, so this rule can be excluded:
But before using such signals, it is also worth checking them out and conducting tests, since it is not known how effective they are in the future. Also, do not forget about the panel, which should show the direction of movement towards the signal.
As a result, we can conclude that the most accurate signals are obtained when:
- We have a trend defined independently or using a panel.
- The price is between the levels.
- A signal (arrow) appears.
The expiration in trading using the Vega indicator should be 5 minutes, and the author recommends using the M5 time frame.
Examples of trading with the Vega indicator
Next, we will consider several examples of trading on different currency pairs and the M5 time frame.
Opening a Call option
The price was at an average level, the trend was upward and a signal appeared, which meant buying a Call option:
Opening a Put option
In this case, the price was near the upper level, after which a signal appeared, and the panel also signaled a decline:
Vega indicator reviews
Reviews about the Vega indicator found on one of the forums suggest that the levels that the indicator builds are worthy of attention and can be used in binary options trading:
According to the author of the comment, he tested this indicator for a week. Unfortunately, nothing was said about the signals.
Also, if you wish, you can find other reviews about the Vega indicator, but what can be noted - there are almost no negative comments. Therefore, the reviews about the Vega indicator can be considered quite positive.
Conclusion
As a result, you can see that the indicator for Vega binary options can be used in trading without any problems, but despite some positive reviews and accurate signals, you should not rely on it without verification and you should definitely test it in the tester, as well as on a demo account, so that make sure of its quality work.
Binary Options Vega VEGA :