Binary Options PSAR Indicator
Understanding and then using the right signals can make a huge difference regarding whether your trades are successful or not. It is, therefore, essential to understand what information specific signal software will provide you with and how this information is attained. Only then can you be assured of placing the best possible trades.
Advantages of the BO PSAR Indicator
It is possible to trade short term options, even a five minute trade can be made after a brief review of the one minute charts provided by this software. Alternatively, you can use the fifteen minute charts to look at making trades which expire in two hours or less. Other charts are also available which will ensure you have all the information you need to trade up to the end of the day or even the end of the week.
The success rate of this software is as high as the mid seventies and it can be used on the majority of mainstream currency pairs. Unlike many signal programs this software is useable when trading the full range of binary options, or even regular stock market options.
An audible alert will ensure you do not miss the latest signals and the chance to trade
Behind the Scenes
It is important to understand how the indicator arrives at its information and its predictions; this will give you faith in the results and help inspire you to use the software with confidence. In effect this software monitors the market; it does not follow trends; instead it simply combines a variety of market variables to establish when a specific asset has overstretched itself and is about to change direction. This is often detectable by the fact that the current price trend is simply not sustainable. It is also important to consider how much momentum each asset will have when it changes direction; you need it to move far enough for you to make a good profit.
Thankfully this software does all the work for you! It will advise you which direction your trade should go, the expiry time you should use and when you should trade.
In effect, you will be trading in short term reversals; the market must correct certain price brackets for specific assets; by understanding where these brackets are the software can predict when a price correction will happen.
A winning formula
The first thing to note about this software is that it is correct in seventy five percent of the predictions it makes. This means that you should trade successfully in fifteen out of every twenty trades you place. This is more than enough to make a healthy profit on your investments; especially as you do not need to do anything other than follow the instructions given to you! Whether you detest sitting in front of a screen working out which trade to make, or simply do not have the time: this software will take the strain out of trading for you. You can even set your own parameters to confirm which price level you wish to buy trades at and a variety of other personal options, including the market conditions.
This software can pick up on reversals that professional traders miss; this is because it is programmed to do one thing only, even a professional trader must monitor many other elements of the market to cover the other trades they wish to make.
The actual rate of return will depend upon how much the return level is as set by your broker. However, if you assume that the average broker offers approximately an eighty percent rate of return then, presuming you trade during the main hours and utilize the best possible trading opportunities you are likely to see a real return of sixty percent. In monetary terms this means that every hundred invested will become one hundred and sixty.
Perhaps even better than this is the fact that the software will work on any type of trade. The formulas it uses are technical in nature and can be applied to any market movement; whether currency pairs or even gold.
It is actually very easy to install this software. Simply go to the website and download it; it will appear in your download folders. Open this and open your MT4 trading platform. You will then be able to see an option marked ‘indicators’; you will need to open this. You can then highlight the downloaded file and move it by holding your mouse button down and dragging it across the screen until it goes into the indicators folder. You can then close and reopen you platform and find the indicator in the custom folder. You can then drag this into any chart and it will provide an analysis. You should also click on allow DLL exports; you will have the option to enter a license key if you have one.
You can now use and profit from the indicator!