Da Vinci BO Indicator MT4 is designed for trading binary options on the M1-M15 timeframes. It operates within the MetaTrader 4 (MT4) platform and combines three standard indicators: Bollinger Bands (BB), Commodity Channel Index (CCI), and Relative Strength Index (RSI).

Da Vinci BO Indicator for MT4: A Universal Tool for Binary Options

Overview

The Da Vinci BO Indicator is a powerful tool designed to enhance your binary options trading strategy. It operates on the M1-M15 timeframes and combines three standard indicators from MetaTrader 4 (MT4) to provide accurate signals. Whether you’re a beginner or an experienced trader, the Da Vinci Indicator can help you make informed decisions.

Key Features

• Platform: MetaTrader 4 (MT4)
• Currency Pairs: Any currency pairs (recommended: major pairs)
• Trading Time: London and New York trading sessions
• Time Frame: M1-M15
• Expiry: 1 candle (e.g., 5 minutes for M5)
• Recommended Brokers: IQOption, Deriv, Binomo

Indicator Components

The Da Vinci Indicator is based on three standard indicators:

1. Bollinger Bands (BB):
   • The price crosses the upper (or lower) border of the BB indicator (14; 2).
2. Commodity Channel Index (CCI):
   • CCI indicator (14; 0) above level 200 (or below level -200).
3. Relative Strength Index (RSI):
   • RSI indicator (14; 0) crosses level 70 (or level 30).

Trading Rules

1. Signal Generation:
   • Buy (CALL) when a blue arrow appears (indicating an upward trend).
   • Sell (PUT) when a red arrow appears (indicating a downward trend).
   • Open the trade with the Da Vinci BO Indicator, immediately after the signal appears on the next candle (or current candle if the arrow appeared on the previous one).
   • Expiration time: 1 candle.
2. Risk Management:
   • Be cautious of prolonged trends without consolidation.
   • Use the CCI and RSI indicators to filter out false signals.
   • Consider using the Martingale method (but avoid excessive steps).

Strategy Type

The Da Vinci BO Indicator does not follow a specific strategy type (e.g., martingale, hedging, or scalping). Instead, it focuses on accurate signals based on the combination of indicators.

Recommended Approach

1. Demo Account Training:
   • Before trading with real money, practice using the Da Vinci Indicator on a demo account.
   • Familiarize yourself with the signals and refine your trading strategy.
2. Real Trading:
   • Once confident, transition to real trading.
   • Remember to manage risk and follow proper money management principles.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Indicators:

• Da Vinci.ex4
• Timer_FXProSystems.ex4

Templates

• Da_Vinci_template.tpl

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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