Killbinary Signals Indicator (MT4) prints color-coded arrows/dots and a subtle bias ribbon to guide entries in the direction of the prevailing move. Under the hood, it combines smoothed momentum, volatility awareness (ATR/stdev buffers), and structure checks to reduce low-quality triggers in choppy periods. With MTF confirmation, you can require the higher timeframe to agree before an alert fires—great for staying aligned with the broader trend.



  1. Platform: MetaTrader 4 (MT4)

  2. Assets: Major/minor FX pairs; also works on XAUUSD (Gold) and select indices/crypto CFDs (broker dependent)

  3. Timeframes: Works on all; sweet spot M5–M15 for intraday, H1–H4 for swing

  4. Skill Level: Plug-and-play defaults; deeper controls for power users


Key Features



  1. Confluence-Driven Signals
    Entries appear only when bias, momentum, and volatility conditions line up—fewer false starts.

  2. MTF Confirmation (Optional)
    Filter M5/M15 signals by H1 or H4 trend so you trade with the bigger wave.

  3. Smart Alerts
    Pop-up, sound, email, and push notifications the moment a qualified setup prints.

  4. Volatility Awareness
    ATR/stdev buffers adapt to quiet vs. fast tapes to limit whipsaw triggers.

  5. Bias Ribbon & Value Zone
    A slim band shows directional bias; soft value shading helps you time pullback-continuations.

  6. Lightweight & Minimal
    Clean visuals and low CPU load; ideal for scanning multiple charts.

  7. Closed-Bar Stability
    Prints are designed to be stable once the candle closes. (Intrabar signals can evolve—this is normal for responsive tools.)

  8. Customizable UI
    Colors, sizes, and sensitivity sliders let you match your theme and preference.


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How It Works (Plain English)



  1. Bias First — The ribbon/band changes with the slope/structure of price; greenish for bullish context, reddish for bearish.

  2. Value Next — As price pulls into a fair-value pocket (volatility-aware), potential continuation zones are highlighted.

  3. Momentum Last — A confirming push (close strength / micro-break / oscillator kick) prints the arrow/dot.

  4. Optional MTF Check — If enabled, the higher timeframe must agree before the signal is valid.

  5. Execution — You evaluate spread, session, nearby levels; then place the trade with a structured stop and target.


Recommended Starter Settings


Intraday (M15) with H1 Filter



  • Sensitivity: Medium

  • Volatility Buffer: ATR(14) × 1.3–1.6

  • MTF: ON, confirm with H1

  • Alerts: Pop-up + push


Why: You’ll cut a lot of chop while keeping timely entries.


Fast Scalping (M5) Without MTF



  • Sensitivity: Medium-High

  • Volatility Buffer: Lower end of range; spreads matter more

  • MTF: OFF (faster but noisier)

  • Alerts: Pop-up + sound during active sessions


Swing (H1/H4) With D1 Bias



  • Sensitivity: Low-Medium

  • Volatility Buffer: ATR(14) × 1.6–2.0

  • MTF: ON (H4/D1)

  • Alerts: Email/push only (fewer, larger trades)


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Three Practical Strategies


1) Trend-Pullback-Go (Most Popular)



  • Rules: Trade only with the ribbon color. Wait for a pullback into the value zone; enter on the first confirming arrow.

  • Stop: Below/above pullback swing or 1.3–1.6 × ATR(14).

  • Targets: Partial at 1R; trail the rest behind minor swings or the ribbon edge.


2) Range Break + Retest (Session Play)



  • Rules: Mark pre-London or Asia range. Take the break + retest only if an arrow prints in the breakout direction.

  • Stops/TP: Structure-anchored stop; partial at 1R; runner to 1.8R–2.5R or the next HTF level.


3) Controlled Counter-Trend (Advanced)



  • Rules: Only at HTF S/R after extended runs. Arrow against the prior move + strong rejection.

  • Risk: Half size; quicker TP (1R–1.2R). If ribbon flips soon after, consider trend continuation on the next signal.


Risk Management That Actually Helps



  1. Fixed % Risk: 0.5%–1.0% per trade until your stats prove otherwise.

  2. Daily Loss Stop: 2%–3%—when it’s hit, done for the day (no revenge trades).

  3. Correlation Control: Avoid stacking EURUSD + GBPUSD + EURGBP; it’s one macro bet in disguise.

  4. News Discipline: Stand down around CPI/NFP/rate decisions unless you’ve tested it.

  5. Journal: Timeframe, pair, MTF on/off, ATR multiple, session, R result. Tune with data, not vibes.


Installation & Setup (MT4)



  1. Download Killbinary_Signals_Indicator.ex4/.mq4.

  2. MT4 → File → Open Data Folder → MQL4 → Indicators → paste the file.

  3. Restart MT4 or right-click Indicators → Refresh.

  4. Drag Killbinary Signals onto your chart(s).

  5. In Inputs, set Sensitivity, Volatility mode, and MTF timeframe (if using).

  6. Configure Alerts (Tools → Options → Email/Notifications for push/email).

  7. Save a template to clone settings across pairs quickly.


Pairs, Timeframes & Sessions



  1. Great first picks: EURUSD, GBPUSD, USDJPY (tight spreads, consistent flow)

  2. Gold (XAUUSD): Works well—use wider ATR buffers and prefer M15/H1.

  3. Sessions: London and London→NY overlap typically offer the cleanest momentum.


Backtesting & Forward-Testing Tips



  1. Use tick/1-min data for realistic modeling.

  2. Add spread/slippage to avoid “too perfect” backtests.

  3. Test mixed regimes: Trend weeks vs. range weeks; see where the indicator shines.

  4. KPIs to track: Hit rate to TP1, average R, max drawdown, % signals blocked by MTF filter, avg trade duration.


FAQ


Does it repaint?
Signals are designed to be stable on closed candles. Intrabar previews can change before the bar closes—this is expected for responsive tools. Make decisions at or just after candle close.


Is it only for “binary” trading?
Despite the name, it’s a general MT4 signal indicator. You can use it for spot FX/CFDs with normal risk-reward targets.


Can I automate entries?
Yes—if you (or a dev) code an EA to read the indicator buffers. Out-of-the-box it’s manual.


Minimum deposit?
Not applicable to indicators. Size positions so each stop equals your fixed % risk—that’s what protects the equity curve.


Conclusion


Killbinary Signals Indicator MT4 keeps decision-making simple and structured: bias, value, momentum, optionally confirmed by HTF. The visuals are clean, alerts are timely, and the parameters are flexible enough to suit scalpers and swing traders alike. Start small, respect your daily stop, and let your journal show which pairs/timeframes deserve more size.


Happy Trading