The Killbinarysignals 2 technical indicator is rightfully considered one of the best “assistants” in binary options trading.
It was developed based on the old version of Killbinarysignals, and all the shortcomings of the first generation of the indicator were corrected. In particular, its efficiency is now more than 97% (which is an extremely high figure for technical market analysis tools), and signals are no longer redrawn. This means that the trader will be able to trade binary options with minimal risks. So, what is the algorithm of this indicator based on? How to use his signals to avoid losing trades? And what technical analysis tools can it be combined with to improve trading efficiency? You will learn about this by reading this material.
Binary Option Arrows – an excellent arrow indicator with transaction history
A good indicator without redrawing, which indicates with an arrow when to enter a trade with an up or down option. The operating principle of Binary Option Arrows is based on reliable harami candlestick patterns. You can start receiving indicator signals directly on the Tradingview live chart using the link:
Go to the “ Indicators ” tab and write “ Binary Option Arrows ” in the search. Then simply click on the indicator.
Read more about working with the free service in the article “Tradingview Live Chart”.
The indicator not only does not redraw past values, but also shows the history of its signals on the chart. Green lines mark correct signals, and red lines mark losing trades:
Binary Option Arrows
indicator can be adjusted to suit a trader's specific trading style.
For those who are used to acting quickly, you can set the timeframe for one or five minutes. The appropriate expiration date should be set with the broker. For medium-term traders, the time frame is 1 hour and the expiration date is the same. The recommended broker for trading the Binary Option Arrows indicator is . Here you can set any expiration time and practice on a demo account. Register with Quotex using a secret link and get +100% to your deposit!
The most reliable entries for this indicator after a series of losing trades. It is recommended to enter a trade in a calm market after two to three red lines or filter the signal with another indicator.
How to filter out false signals?
Even though the Killbinarysignals 2 indicator is capable of producing more than 97% of reliable signals, this does not mean that a trader should completely rely on its software algorithm and trade “automatically”, without analyzing the market situation. The fact is that any financial market tends to constantly change. And those analytical tools that worked like a charm just a year ago and brought substantial profits to traders, today may work less efficiently due to outdated algorithms.
To avoid a series of losing trades and filter out false signals, it is recommended to use the Moving Average or Ichimoku Kinko Hyo indicator in conjunction with Killbinarysignals 2. If it gives a signal to buy a CALL option, you need to make sure that the market is in a stable upward trend. A sign of this is that the price chart is above the Moving Average line (the period of the moving average must be at least 55 - this value can be configured in the indicator parameters). Short positions (PUT) should be opened using Killbinarysignals 2 signals only if the moving average is located above the price.
If you use the Ichimoku indicator to confirm signals, then when entry points for long positions (CALL) appear, its main Tenkan, Kijun and Chinkou lines should be directed upward and located below the price chart. It is recommended to open short positions when the lines are located in a mirror opposite direction (the price chart is lower, the Ichimoku indicator lines are higher).
QQE-New – the best indicator without redrawing or lag
The QQE-New arrow indicator is based on the previous version of QQE and added with a number of quality improvements. The operation of the indicator is based on more accurate smoothed readings of the classic RSI , tailored to modern market realities. The main distinguishing feature of the indicator is the absence of lag, when the transaction should have been completed some time ago, and the indicator is just starting to give an entry signal.
The best QQE-New indicator contains alerts - sound signals that help the trader “not to oversleep” the next deal. For the convenience of trading binary options, green and red arrows appear while the indicator is running, showing the moment and direction of entering a trade.
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QQE-New indicator works in the MetaTrader forex terminal. You can download it, as well as detailed instructions for the program.
Installation and configuration of the indicator
The standard indicator setting is used; after the terminal reboot process, it should be shown in the list of user algorithms. Only two settings are available to the trader.
Increase
The indicator produces a lot of signals. Arrows move forward almost with every candle, and at the same time the number of unprofitable signals is more than 40%. If you take all the demonstrated signals into your work, it will be difficult to make money. For a minimum income, you will need a broker where the payouts on transactions are approximately 90% or even more.
Increase
In practice, the indicator actually does not redraw, and when checked in the strategy tester, the arrows remain in their places.
It turns out that even if the Killbinarysignals 2 indicator claims to produce more than 97% of reliable signals, a trader should not completely rely on the working software algorithm and trade in “machine” mode without analyzing the market situation. Any financial markets can constantly change, and those analytical tools that worked “with a bang” a year ago and gave traders excellent profits, currently work with less efficiency due to outdated algorithms.
To avoid series of losing trades and filter out false signals, you should use the Ichimoku Kinko Hyo or Moving Average indicator in conjunction with Killbinarysignals 2. If the indicator gives a signal to purchase a CALL option, then you need to make sure that an upward stable trend is maintained in the financial market. A sign of this is that the price chart is above the Moving Average line (the period of the moving average must be at least 55 - this value is configured in the indicator parameters). Short PUT positions should be opened using Killbinarysignals 2 signals only if the moving average is located above the price.
If the Ichimoku indicator is used to confirm signals, then when the CALL entry points for long positions appear, the main Chinkou, Kijun and Tenkah lines should be directed upward and located below the value chart. It is recommended to open short positions in case of mirror opposite positions of the lines (the value chart is below, and above is the line of the Ichimoku indicator).
Profit Sunrise - high-quality switcher without redrawing
Profit Sunrise indicator was originally created for the Forex currency market, so it works in the MetaTrader terminal. According to the creators, Profit Sunrise uses an accurate algorithm for entering the market, thanks to a complex noise filter that cuts off weak signals.
Profit Sunrise indicator without redrawing was tested for a whole year by a group of creators on several currency pairs. As a result of long-term testing, it showed 91% of successful transactions with the broker.
As with other arrow indicators, signals are given in the form of up and down arrows. In addition, the function of sound and text alerts to the trader has been implemented.
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T3MA-Alarm – dial indicator with precise signals
The T3MA-Alarm arrow indicator has proven itself well among Forex traders and has been modified for options trading. It even turned out that it is more suitable for binary ones. This indicator is based on a one-period moving average and RSI.
The indicator signal strategy is quite simple, so
it is recommended to use an additional trend filter for signals - a moving average with a period of 50. In this case, downward signals should be used only those below the moving average, and upward signals - above the moving average.
It is possible to configure in T3MA-Alarm only the period that regulates the accuracy of the indicator’s relationship to the price. Recommended chart timeframe is 5-15 minutes, option expiration is 5-10 minutes. Expiration should be slightly less than the timeframe.
KillBinarySignals-2 – a special indicator for binary options
The new version of KillBinarySignals produces more accurate signals and never redraws trades on history, according to the authors. Video on working with the indicator in real time:
The indicator takes into account many important factors before displaying a signal on the screen:
- support and resistance levels;
- daily range of the asset;
- volatility of a trading instrument;
- the likelihood of a rebound or breakdown of important levels;
- distance from important price levels.
According to the results of testing on a real broker account, the KillBinarySignals-2 made more than 97% of profitable trades :
What are the advantages of the Killbinarysignals 2 indicator?
The Killbinarysignals 2 indicator has a number of advantages over other types of analytical tools:
- Does not redraw entry points. The vast majority of technical indicators that are used to analyze financial markets have one significant drawback - they are constantly redrawn as candles form on the charts. You can see this phenomenon if, for example, you plot on a minute chart (on which the redrawing of signals will be more noticeable) the Parabolic SAR indicator, moving average, MACD, RSI, etc. During the formation of the candle, the indicator will constantly change its value. So, if at the opening of a minute bar the height of the MACD columns is the same, then at the moment of closing it will change. This makes trading significantly more difficult. The Killbinarysignals 2 indicator does not have this drawback. Entry signals appear immediately at the opening of a new bar and do not change as quotes change.
- Produces about 97% correct signals. During its numerous tests, the developers of the indicator calculated a record indicator of signal reliability - its value reached 97.2%. This means that 19 out of 20 trading operations will bring profit to the trader.
- Works according to an improved algorithm. Unlike the first version of the Killbinarysignals indicator, its second modification takes into account even more market factors when searching for market entry points. This allowed developers to significantly reduce the number of erroneous signals.
BrainTrend2Sig is an accurate trend indicator that does not paint on charts
BrainTrend2Sig indicator is based on the readings of the classic Stoshastic and ATR .
Read more about the ATR and Stochastic indicators in the article “ Indicators for binary options ”.
The trend indicator without redrawing BrainTrend2Sig can be launched on the MetaTrader4 platform. The signal appears on the screen in the form of an arrow, and a sound signal is also played. The indicator best determines a change in trend direction.
Candlestick pattern indicator – arrow indicator of candlestick patterns
A very interesting indicator, unlike all others. Candlestick pattern indicator (CPI) identifies well-known candlestick patterns on the chart: engulfing pattern, harami, shooting star, doji and others. For each pattern, the indicator will detect an up or down signal, indicating it on the chart with an arrow, and play a sound signal.
The
Candlestick pattern indicator has a convenient ability to configure many parameters:
- ShowStrongReversalPatterns – enables or disables the search for strong reversal patterns;
- ShowContinuationPatterns – enables or disables the search for trend continuation patterns;
- Sound-or-Email-Alert – here you can configure sending a signal by email or using sound;
- SellColor, BuyColor – colors of arrows on the chart for a downward and upward signal, respectively;
- TextColor – text color of the name of the candlestick figure;
- ShowWeakReversalPatterns – disable or enable the search for weak reversal patterns;
- ShowUnclassified – search for rare, insignificant patterns.
Profit FX is a proprietary indicator that does not redraw 100%
Like the previous one, this Profit FX is an arrow indicator, which greatly facilitates the trader’s work. This indicator can be used for both Forex and binary options. It is possible to send signals via email and even SMS. Profit FX indicator signals ( click the picture to enlarge ):
Important characteristics of the indicator:
- Works on different timeframes with different currency pairs
- Produces approximately 2-4 signals per hour
- The signal arrow does not jump to other candles when a signal appears.
- The percentage of profitable transactions is 73-75%.
- Examples of traders' transactions using Profit FX ( click the picture to enlarge ):
We tried to find the best indicators without redrawing that can satisfy the needs of any trader depending on his trading method. Do not forget to carefully test each indicator on a demo account, make sure it is useful, and only then use it on a real account. Don't forget to download the terminal, as well as detailed information.
What timeframe should I trade on and what currency pairs should I work with?
You can use almost any financial assets for trading (currency pairs, stocks, metals, etc.) and work on any time frames. The effectiveness of the Killbinarysignals 2 indicator does not depend on this at all. The percentage of profitable trades to unprofitable ones will be the same under any trading conditions. The screenshot below shows an example of trading on a 1-minute chart.
Click on the picture to enlarge
But you need to remember one thing: unlike Killbinarysignals 2, the effectiveness of other indicators depends on the selected timeframe. If you use the Moving Average indicator, Ichimoku cloud, MACD or others to confirm signals, then these tools will work better on medium and large time periods (M30, H1, H4, etc.). In other words, if you are working with a minute chart, then using trend indicators to confirm signals received from Killbinarysignals 2 will be practically useless.
The fact is that on such small time frames it is very difficult to determine the nature of the market trend, since at minute, 5-minute and 15-minute intervals there is a large amount of price noise that distorts the overall picture and complicates the analysis. Therefore, if you want to trade with minimal risks, we recommend using the Killbinarysignals 2 indicator and auxiliary technical analysis tools only on charts with time frames not lower than M30.
