- April 30, 2022
- Posted by: Forex Wiki Team
- Categories: Binary Options, Free Forex Indicators
Binary Options Arrow Indicator Review
The Binary Options Arrow Indicator ADEX TURBO v21 is an arrow indicator, that, according to its creator, guarantees 80% of profitable signals. To get started with the indicator, you should understand technical or fundamental analysis, since it is based on signals in the form of arrows.
Binary Options Arrow Indicator v21 is a new version of the well-known BINARY ADEX indicator developed in 2021. According to the developer, the indicator has been completely redesigned and uses new algorithms. The only thing left from the original version is the “prefix” ADEX, which is due only to the huge popularity among traders of the indicator of the previous version.
At the moment, the tool is paid and its price is 159 euros, but, for review, from our website, you can download the ADEX TURBO v21 indicator for free.
Best Brokers List
The Binary Options Arrow Indicator works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Characteristics of the indicator for binary options ADEX TURBO v21
- Terminal: MetaTrader 4.
- Timeframe: any.
- Expiration: 1 candle.
- Option types: Call/Put.
- Indicators: ADEX TURBO v21.ex4.
- Trading instruments: currency pairs, stocks, cryptocurrencies, commodities.
- Trading hours: around the clock.
Overview and settings of the indicator for binary options ADEX TURBO v21
ADEX TURBO v21 is a standard arrow indicator: an up or down arrow appears in the terminal and an alert to enter the market. Unlike other similar indicators, this version, according to the author, does not redraw the signals. Moreover, the developers claim that the effectiveness of the indicator signals is at least 80% in any market.
The indicator properties include a limited set of variables where you can disable or enable alerts (alerts):
- alertOn is the main variable, where the value “true” enables indicator alerts, and the value “false” disables it.
- allertsMessage – by default, the value is “true” the indicator shows pop-up messages with an alert from the indicator.
- alertsSound – enable/disable alert sound.
- alertsEmail – enable/disable email alerts.
The basis of the indicator, of course, is not disclosed by the author, there is only a mention that the signals are based only on Price Action.
Signals and trading on the ADEX TURBO v21 indicator
Let’s proceed directly to the effectiveness of the indicator signals.
For all transactions, there are only two rules:
- As soon as you see the blue up arrow, you buy a Call option with a short expiration of 1 candle.
- As soon as you see a red down arrow, you buy a Put option with a short expiration of 1 candle.
These rules are always applicable: both for short-term M1 timeframes and for large timeframes from H4 and higher.
The result of the indicator and its accuracy depends directly on the time of formation of the signals: the signal must appear at the beginning of the opening of the candle, and only after that an option with an expiration of one candle is bought. These are the author’s main recommendations for trading binary options using the Binary Options Arrow Indicator.
Even short tests have shown that this rule often does not work: the indicator actually redraws the signals and they can appear in the last seconds before the candle closes, and the alerts themselves are triggered too late (after the candle closes).
Let’s consider another example of working with the indicator – buying options after a signal on a closed candle. As you can see in the chart below ( EUR/USD currency pair, M1 timeframe), the performance of transactions is standard for most indicators and is approximately 50%. Some signals may give a good result, but in the long run, using only this indicator, without other trading strategies or indicators, will lead the trader to drain the deposit.
Therefore, this indicator should be used in conjunction with other binary options trading methods. And first of all, you need to understand what is a trend and what is flat. It is also worth understanding the psychology of trading. And you should never forget about the rules of money management and risk management.
The information field of binary options, the Forex market, stocks, and cryptocurrencies is full of a variety of paid indicators and ready-made strategies, the price of which can reach several hundred dollars. Unfortunately, the sellers of these products are not always extremely honest and are more focused on profit from sales.
Download Binary Options Arrow Indicator
We highly recommend trying Pivot Point Strategy In Forex Trading for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.