Da Vinci BO Indicator - universal tool for binary options
Da Vinci BO Indicator is designed to trade binary options on the M1-M15 timeframes. The indicator is based on standard indicators from the Metatrader 4, one of which is a signal, and the other two are filters (read more below). This combination is most successfully and very often used in various trading systems. Here, this combination is embodied in one indicator.
Characteristics of the Da Vinci BO Indicator
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended major
- Trading Time: London and New York trading sessions
- Time Frame: M1-M15
- Expiry: 1 candle (example, 5 minutes for M5)
- Recommended broker: IQOption, Pocket Option
Trading rules
Da Vinci Indicator is based on three standard indicators (BB, CCI and RSI). And it gives a signal while observing three conditions, following the logic of the developer:
- CALL – blue arrow up.
- PUT – red arrow down:
You need to open a deal immediately after the signal appears on the next candle. But in fact, on the current candle, since the arrow appears on the previous candle. That is, we open a deal immediately after the signal.
Since the basis of the indicator is Bollinger Bands, the disadvantages will be the same as for the BB. Namely, protracted upward and downward trends without consolidation. When the indicator, with a rapid downtrend, gives several consecutive signals to increase the price, but this does not happen. True, the CCI and RSI indicators help a little to deal with these false signals.
Another assistant in this may be the Martingale method (a calculator to help you). But do not abuse it and use more than three steps of martingale.
As I understand it, the indicator is named after the great Italian artist, painter, sculptor, architect, writer, scientist, inventor, musician (who was he just not?) Leonardo Da Vinci, who was a vivid example of a "universal man." Thus, the indicator developers wanted to emphasize the universality and uniqueness of their creation.
Despite the fact that the Da Vinci indicator is self-sufficient and does not require additional filters, I would recommend pre-training in trading on a demo account. And only after that move on to real trading. And also do not forget to subscribe to our newsletter to always stay up to date with new posts:
