About the Binary Options Marvin Non Repaint MT4 Indicator
Introduction to the Marvin Non Repaint Indicator
The Marvin Non Repaint Indicator tries to recognize peaks and bottoms of the market, giving the opportunity to trade great swings. As the name suggests, it is a non repaint indicator, so signals once placed, will never change their position. This is a great advantage, as you can count on it, and also do solid backtesting. That gauge is suitable both for forex and binary options.
The Marvin indicator draws an arrow when it catches the signal. Trading rules are really simple. Buy entry is triggered after the occurrence of the green arrow pointing upwards. Similarly, sell entry is triggered after the arrival of the red arrow pointing upwards. We suggest adding some confirmation filter to be more sure of the entries. Take profit or exit a trade when opposite the Marving indicator provides an opposite signal or use your own method of trade exit.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Download Our All Free Binary Options MT4 and MT5 Forex Trading Indicators
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)