The market offers a huge variety of trading indicators. But the amount does not always match the quality, which means not all of them are characterized by high proficiency. The indicators that guarantee high returns are, typically, not free of charge. Accordingly, the binary traders tend to haunt free binary indicators if the latter appear on brokers. If this pattern is followed, no wonder that the work of the system may be hindered through overload. However, it is also possible to find the indicators, which are not that popular among binary traders but may be applied for free. The only precondition for employing such free indicators is installing the Meta Trader 4 system on your computer and sustaining your trades through this platform. The binary options indicator that may come handy for you in the course of trading sustention is called the Trade Assistant v1.14c. The guidelines on its usage are provided below.
Trade Assistant Application
Primarily, before starting to use the trade assistant, make sure that the tool will be properly aligned with the chartings you are going to employ. The following recommendations on the trade assistant installation may be helpful for you.
- Trade Assistant v1.14c downloading. The primary step, which you have to make after downloading the indicator to your computer, is transferring it to your Meta Trader 4 system. The platform has the folder, which is going to safe your installations. The placement of the Meta Trader is usually related to C driver. Still, you are also free to choose the place for your installations.
- If the Meta Trader is open, you need to close it first. Afterward, you can open it once more if you want to use the platform.
- In order to launch the indicator application, open the Meta Trader system and refer to the “insert” option. Then, you have to choose the indicators, click on “custom,” and select TA_1.4c indicator.
Thus, as it may be seen, the rules of applying free indicators are uncomplicated. The good thing is, this installation scheme is standard for all tools, which may come helpful for you. After all operations have been sustained by you, there is a custom indicator appearing either on the top or at the bottom of the page. Then, the left part of the charting will display seven time framing periods and four indicators. Although it may come surprising for you that the application of indicator implies the usage of many time frames, it is actually a great advantage. Thus, if you are trading only within a single time frame, your chances for earning are very scarce. Getting a larger scope assists you in embracing an extensive trading experience. It also relates to charting analysis. In fact, in order to reach high results, you must explore pricing chances within large time frames. In the role of timing facilitator, Trade Assistant v1.14c is one of the best.
The Disadvantages of Trade Assistant
There are no distinct features, which would make you doubt the proficiency of Trade Assistant. Of course, if you set very high demands to the tools you use, wait until the trading signals get aligned. Additionally, you can also wait and see whether the similar colors will occur on the chart. However, in case you are too selective and perform these steps, you can expect receiving signals every ten years. Of course, this is going to kill your profitability. Thus, try to rely on your knowledge and common sense while trading. Do not forget that indicators can send false results as well since mistakes still occur. That is why, always verify the signals by checking the respective indicators on charts.
The Advantages of Trade Assistant
The great thing about trading indicators is that they help to overview the directions of marketing patterns and not only in one perspective but within diverse time frames, with the implication of four indicators. Of course, this alone is a wonderful asset since if you know which tendencies may be expected on the market, you are able to make more correct predictions on the pricing changes. In case you manage to align your trading style to the indicator application, you can surely get money markers that can, subsequently, be used as assistant factors in trading. This advantage can be used by you in terms of discovering trending paths and staying with one of your favorite instruments, subsequently. This strategy can be profitable for you as well. In fact, it does not really matter how you use this benefit. Just do not forget checking out the platform within a demo version before you get involved in cooperation with it.
The advertisements of the trade assistant, which may be found on web spaces, do not provide any fraudulent or exaggerated promises. In fact, the tool functions exactly as it is advertised. If you check it out on practice, you will surely find it helpful in trading. Read more about binary options in this binary options for dummies guide