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PZ Binary Options MT5

This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to trade
  • Trade both call and put options
  • No crystal ball and no predictions
  • The indicator is non-repainting
The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles:
  • Every binary option represents a 50/50 random event
  • Predicting if the next bar will close up or down is impossible
  • The only way to make money is paying the right price for all wagers
  • The long-run mathematical expectation is all that matters

To use this indicator you need a true binary option provider. Most so-called binary options brokers do not offer binary options at all, but offer a gambling setup based on expirations in time. But a true binary option is like any other option, it has a strike price and a expiration stamp, and can be bought and sold until expiration. A true binary option provider shows the price of the option as market participants exchange it during the session.

A true binary option has a price between 0 and 100, and it fluctuates. If the option expires in the money, then the closing price of the option is 100. If it expires out of the money, the closing price is zero. The price fluctuates as people buys and sells it during the session until expiration. Your profit is the difference between the price at which you bought the option and the price at which it expires. For instance, if you buy an option for 50 and it closes in the money, at 100, you make 50. If you buy it at 50 and closes a zero, out of the money, you lose 50. If you buy it at 25 and closes at 75, you make 75.

How to Trade

The indicator analyzes price action patterns and displays crucial information on the top-right corner of the chart at bar closing.

  • At what price you should buy a call option
  • At what price you should buy a put option
  • Can the trade still be placed?

The indicator does not predict the direction of the next bar. What it does is analyzing price action and calculating how much is reasonable to pay for both options. Given the opportunity, you should trade both directions, and both would be a positive equity decision in the long run. You should never trade "out of time".

This indicator will not provide you with trades often, but selective situations in which trading makes sense.

Oscillator and Chart Indications

The indicator displays past values on the chart and implements a relative strength oscillator that measures the overall tendency using two moving averages: if the main line is above the signal line, bars tend to close above the open price and vice versa. Additionally, strong breakouts or false breakouts are directional factors to have in count, and are portrayed on the chart by a trailing "+" to the candlestick data.


The Truth About Binary Options

Binary Options have become very popular and attract a lot of novice traders, who find it easier to trade binary options than doing actual trading because position management is out of the equation. Most of them feel they have an edge because they can read technical charts, but ignore that short-time price movements are completely random and have nothing to do with technical analysis.

Binary Options have an expiration time, and therefore cap your profits in two dimensions: price and time. The odds of the future price being above the current price in a fixed period of time are always a 50% chance, and thus trading binary options is actually gambling on instruments with a very bad payoff structure.

The mathematical truth is that binary options are rigged against the trader. But if you still want to trade them, this indicator is your best chance.


Input Parameters

  • Fast MA: Fast MA Period for the oscillator
  • Slow MA: Slow MA Period for the oscillator
  • Max History Bars: Amount of bars to evaluate when just loaded
  • Drawing: Drawing, color and sizes options

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


Reviews 4
eders
174
eders 2020.06.25 22:17 
 

ÓTIMO

Edgar Duttweiler
639
Edgar Duttweiler 2020.01.03 19:11 
 

A very nice indicator. Thanks.

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The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
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RSI Crossover Alert MT5
Thushara Dissanayake
The RSI Crossover Alert MT5 is a Notification System that is highly recommended for Relative Strength Index traders. This indicator focuses on the RSI crossover alert which is the combination of fast and slow RSI. It’s a good technique for filter traditional RSI signals to avoid false signals. Scalping Strategy 1 Buy Entry: Price is greater than EMA 200 RSI crossover Buy alert Sell Entry: Price is less than EMA 200 RSI crossover Sell alert Exit: Quick take profit (10-15 pips) Features Suita
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FiboPlus MT5
Sergey Malysh
The indicator automatically plots and tracks buy and sell Fibo levels at any symbol and timeframe. FiboPlus displays: Fibo levels of the probable upward or downward price movements. entry points are shown using "up arrow", "down arrow" icons. The data is doubled on SELL and BUY buttons. rectangle area limited by levels 0-100. Trading is performed from one level to another (no trend). Features price movement forecast, market entry points, stop loss and take profit for orders. ready-made trading
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TTM Squeeze Indicator for MT5
Renaud Candel
TTM Squeeze is an indicator to time entries based on volatility. Good timing might be more important than direction. If you are right with direction but you don't have correct timing then you could end up losing money in the market. If you have good timing and only pick direction correctly 50% of the time you might be profitable with correct risk management. The indicator will plot red and white points (squeeze line in the center) and histogram (above and below the center line). When the indic
147 USD
Smart Harmonic Pattern
Andrey Danilo Sagot Munoz
SMART HARMONIC PATTERN is an indicator that scans the market for potential geometric formations with fibonacci related mathematical formulas. It does a full recognition in the graphical history and live price without the need for complex analysis, since everything is calculated by the same indicator. You can also work with the old formations and recognize current trading levels automatically proyected on the chart, all this only with a click on the pattern formed. It has advanced settings so you
69.99 USD
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PZ Reversal Fractals MT5
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PZ Harmonacci Patterns MT5
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PZ Lopez Trend MT5
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PZ Pivot Points MT5
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PZ Stretch
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PZ Day Trading
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PZ Support Resistance MT5
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PZ Harmonacci Patterns
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PZ Supply Demand
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PZ Candlestick Patterns MT5
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This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continuation patterns The indicator is non-repainting and implements alerts The indicator implements a multi-timeframe dashboard It detects
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PZ Trendlines MT5
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PZ Day Trading MT5
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PZ Trendlines
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PZ Market Profile
Arturo Lopez Perez
The market profile indicator provides with an X-Ray vision into market activity, outlining the most important price levels, value area and control value of the daily trading session. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to understand and use Understand market dynamics easily Automatic timeframe selection Identify zones of trading value and discard others It is useful in all market conditions Effective for any trading strategy It implements three color
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PZ Wolfe Waves MT5
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Wolfe Waves are naturally occurring trading patterns present in all financial markets and represent a fight towards an equilibrium price. These patterns can develop over short and long-term time frames and are one of the most reliable predictive reversal patterns in existence, normally preceding strong and long price movements. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Amazingly easy to trade Customizable colors and sizes Implements perfo
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PZ Goldfinch Scalper EA MT5
Arturo Lopez Perez
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
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PZ Turtle Trading EA
Arturo Lopez Perez
This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
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PZ Three Drives
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This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visua
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PZ Inside Bars MT5
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This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar. A blue box is
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PZ ABCD Retracement MT5
Arturo Lopez Perez
This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable AC and BD ratios Customizable breakout periods Customizable lines, colors and sizes It
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PZ Goldfinch Scalper EA
Arturo Lopez Perez
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
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PZ Oscillator MT5
Arturo Lopez Perez
This is a smooth and responsive accelerometer which reveals the market trend and strength. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Two moving averages indicate trend direction The histogram represents strength of the price movement It draws buy and sell zones as colored vertical lines Should be used as a confirmation indicator Customizable line widths and colors It implements alerts of all kinds This indicator is similar to MACD but aims to react faster t
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PZ Turtle Trading
Arturo Lopez Perez
The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
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PZ Turtle Trading EA MT5
Arturo Lopez Perez
This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
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PZ Turtle Trading MT5
Arturo Lopez Perez
The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)".  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr
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Valentin Butorin
3894
Valentin Butorin 2020.07.23 14:59 
 

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eders
174
eders 2020.06.25 22:17 
 

ÓTIMO

Edgar Duttweiler
639
Edgar Duttweiler 2020.01.03 19:11 
 

A very nice indicator. Thanks.

[Deleted] 2019.09.27 08:39 
 

User didn't leave any comment to the rating

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Version 2.0 2019.08.15
- Bug fixes