Market / MetaTrader 4 / Indicators /

LexusBO

FREE

Published: 24 October 2017

Current version: 1.0

LexusBO

3.5

The LexusBO indicator is recommended for trading binary options.

Signals are generated when the RSI, ADX, CCI indicators cross the customizable levels. The indicator displays signals using "up/down" arrows on the chart. Their values are available in the buffer arrays (buffer with index 0 - "up" arrow, with index 1 - "down" arrow). This makes the indicator easy to use for automated trading through specialized Expert Advisors.

The recommended timeframe is M5.

The indicator has a built-in counter of profitable signals for estimating the win rate when running in the strategy tester (in the visualization mode). The counter can be set to the desired expiration for binary options.

The indicator has 16 adjustable parameters:

6 parameters for "up" signals:

P_1 Period and P_2 Level - period and level of RSI.
P_3 Period and P_4 Level - period and level of ADX.
P_5 Period and P_6 Level - period and level of CCI.

6 parameters for "down" signals:

P_7 Period and P_8 Level - period and level of RSI.
P_9 Period and P_10 Level - period and level of ADX.
P_11 Period and P_12 Level - period and level of CCI.

4 parameters for the statistics counter and alerts:

Statistics - enable/disable the statistics counter.
Expiration (number of bars) - expiration (in the number of bars).
Distance to the candle (in points) - distance of the arrows from the bars (in points).
Enable alert and sound - enable/disable signal alerts.

The recommended ranges for changing the parameter values are shown in the table below.

Parameters	value from	value to
For the "up" arrows
P_1 Period	2	30
P_2 Level	1	40
P_3 Period	2	30
P_4 Level	20	50
P_5 Period	2	30
P_6 Level	-200	-99
For the "down" arrows
P_7 Period	2	30
P_8 Level	60	99
P_9 Period	2	30
P_10 Level	20	50
P_11 Period	2	30
P_12 Level	99	200

To increase the profitability of the LexusBO indicator signals, the parameters can be optimized using another product - the Optimizer_BO optimizer for binary options. A ready-made set file of the optimizer settings for this indicator can be found in the "Comments" tab.

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1144

topline8000 2022.05.03 11:57 #

for teaking

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John Winsome Munar 2022.06.21 03:41 #

User didn't leave any comment to the rating

1144

topline8000 2022.05.03 11:57 #

for teaking

251

emixam 2022.02.24 16:15 #

It didn't work well for me for the setup i have. I'm using mt2trading for binary options