Exodus Indicator is a universal trading tool that can be used both on forex and binary options trading. But today we will look at how you can make a profit using this indicator only on binary options. How to apply it on forex trading you can guess yourself. However, you need to choose the optimal Stop Loss and Take Profit depending on the timeframe.
Characteristics of the Exodus Indicator
- Platform: Metatrader4
- Asset: Major currency pair
- Trading Time: Recommended London and New York sessions
- Timeframe: M5 or M15
- Expiry: 3 candles (15 min for M5 or 45 min for M15)
- Recommended broker: IQ Option, FinMax, Binary.com
Rules of trade by Exodus Indicator
ATTENTION! For the Exodus Indicator to work correctly, you should set the indicator settings depending on the timeframe as follows:
M5 MT4 chart – set indicator M15
M15 MT4 chart – set indicator H1
M30 MT4 chart – set indicator H4
H1 MT4 chart – set indicator H4
H4 MT4 chart – set indicator D1
Or you can save this picture to your computer as a reminder:
A green upward arrow appeared - we open a deal with expiration of 3 candles (15 minutes for M5 or 45 minutes for M15):
A red downward arrow appeared - we open a deal with expiration of 3 candles (15 minutes for M5 or 45 minutes for M15):
Blue trend lines can be used as an additional filter according to the principle “trend is my friend”. And following the lines to open a deal only in the direction of the blue lines.
Before starting the real trading, I recommend testing the Exodus Indicator on the demo account of binary options broker №1 - IQ Option.
In the archives Exodus_Indicator.rar:
Free Download Exodus Indicator