What are Bollinger Bands: Quick Guide and Practical Strategy for Trading

What is the Bollinger Bands Indicator.

Bollinger Bands are a technical indicator created by John Bollinger. They are based on the price volatility of an asset and consist of three lines: the upper band, the lower band and the simple moving average in the middle. These bands expand or contract based on market volatility. When the price approaches the bands, it could indicate an impending opportunity.

Benefits of using Bollinger Bands.

Bollinger Bands offer several benefits. First of all, they help identify periods of high and low volatility , allowing you to make more informed decisions. They can also be used to spot potential trend reversals or breakouts. But are they really the best indicator?

Using Bollinger Bands.

While Bollinger Bands are powerful, there is no universal “best” indicator. It is vital to consider market conditions, confirm signals with other indicators, and use a solid strategy. Bollinger Bands alone could generate false signals, so it is advisable to integrate them with other analyses.

Winning strategy.

Here is a simple but effective strategy for using Bollinger Bands successfully:

  1. Trend Identification: First, identify the general trend of the market using other tools such as moving averages or trend indicators.
  2. Signal Confirmation: Use Bollinger Bands to identify possible reversal or breakout points. Always confirm these signals with other indicators, such as the MACD or RSI.
  3. Risk Management: Set stop loss and take profit levels based on market volatility. Don’t invest more than you can afford to lose.
  4. Practice and Adaptation: Practice makes perfect. Test the strategy on demo accounts and adapt it to changing market conditions.


Bollinger Bands are certainly a powerful tool for trading, but there is no single “best” indicator. The key to successful trading is integrating different analyzes and developing a solid strategy.

Thank you for joining us on this short journey into using Bollinger Bands in trading. See you next time!

Best Cryptos to invest in

How to recognize them? How to evaluate if an investment is valid? Will the price go up?

To assess whether a cryptocurrency is viable as an investment and whether the project has price growth potential, there are several aspects to consider. let’s look at some key points to examine.

Project Fundamentals : Understanding the nature of the project and the utility of cryptocurrency is essential. Evaluate whether it solves a real problem or delivers a meaningful innovation. Look for information about the development team, their experience, and their transparency regarding the project’s goals and roadmap.

Adoption and Usage : See if cryptocurrency is actually adopted and used in the real world. Projects with a large user base and real use cases may be more likely to grow sustainably over time.

Community and Support : An active and engaged community can be a positive sign. Check social media channels, forums and online communities to understand investor sentiment and general perception of the project.

Technology and Security : Evaluate the technology behind the cryptocurrency. Is it robust, secure, and scalable? High security is especially important to avoid vulnerabilities and hacker attacks.

Competition – Analyze the competition in the cryptocurrency industry. How is the project positioned compared to other similar ones? A competitive advantage could positively influence growth prospects.

Partners and Collaborations : If the cryptocurrency has formed partnerships with relevant companies or institutions, it could be a positive sign of industry-wide adoption and support.

Historical Performance and Price Trends : Analyze the past price chart to identify any trends and patterns. Keep in mind that the past doesn’t guarantee the future, but it can provide useful information.

News and Updates : Stay tuned for news and updates regarding the project. Positive news or significant developments could have an impact on the price.

Risk and Diversification : Investing in cryptocurrencies carries a certain degree of risk. Don’t put all your funds into one project, but diversify your portfolio to reduce overall risk.

It should be kept in mind that the cryptocurrency market is highly volatile and can be influenced by many factors, including those external to the project itself. Before investing, always do thorough research, especially if you are new to the world of cryptocurrencies.

Crypto Questions and Answers

Welcome to our exciting world of cryptocurrency quizzes!

Challenge yourself with our series of short and engaging videos, designed to test and improve your knowledge of cryptocurrencies.

Whether you’re a curious newbie or an industry expert, you’ll find inspiring questions to help you explore the cryptocurrency universe. Sharpen your financial skills, learn new concepts and test your wisdom in the interactive challenges we present to you.

Join us for a unique and immersive educational experience as we explore the fast-changing world of cryptocurrencies together. 

What is Copy Trading?Copy trading is a practice where investors automatically copy the trades of expert traders.
What are Cryptocurrencies?Cryptocurrencies are decentralized digital currencies based on blockchain technology.
How do cryptocurrency exchanges work?Cryptocurrency exchanges are online platforms where you can buy, sell and trade cryptocurrencies.
What is Bitcoin?Bitcoin is the first and most famous cryptocurrency, introduced in 2009 by an anonymous known as Satoshi Nakamoto.
How do you buy cryptocurrencies?Cryptocurrencies can be purchased on exchanges, through online or physical wallets.
What are the risks in trading cryptocurrencies?Risks include price volatility, platform security and the risk of fraud.
What does “wallet” mean in the context of cryptocurrencies?A wallet is a software or device for storing and managing cryptocurrencies.
How is the price of a cryptocurrency calculated?The price of a cryptocurrency is determined by the supply and demand in the market.
What is the technology behind cryptocurrencies?The technology behind cryptocurrencies is the blockchain, a network of blocks that records all transactions.
How do you transfer cryptocurrencies?Cryptocurrency transfers occur through transactions on the blockchain, using public and private addresses.
What are altcoins?Altcoins are all cryptocurrencies other than Bitcoin.
What is decentralization in the context of cryptocurrencies?Decentralization means that cryptocurrencies are managed by a network of nodes rather than a central authority.
How do you protect cryptocurrencies from theft or hackers?Cryptocurrencies are protected using secure wallets, two-factor authentication, and advanced security practices.
What are Tokens in the Cryptocurrency Ecosystem?Tokens are digital assets issued on an existing blockchain and represent specific assets or utilities.
How do cryptocurrency transactions work?Cryptocurrency transactions are validated by network nodes and added to a block on the blockchain.
What is the role of miners in the context of cryptocurrencies?Miners verify transactions and add new blocks to the blockchain, ensuring the security and validity of transactions.
How do you convert cryptocurrencies into fiat currency?Cryptocurrencies can be converted into fiat currency via exchanges or dedicated conversion services.
What are smart contracts?Smart contracts are computer protocols that automatically execute the conditions of an agreement when they are met.
How does identification take place in cryptocurrency transactions?Cryptocurrency transactions take place pseudonymously, with public addresses that do not reveal the identity of the holders.
What is the importance of the mass adoption of cryptocurrencies?The mass adoption of cryptocurrencies could increase their usefulness and stability in the financial market.
What are NFTs (Non-Fungible Tokens)?NFTs are unique and indivisible tokens that represent ownership of digital assets or digital artworks.
What is the role of stablecoins in the cryptocurrency world?Stablecoins are cryptocurrencies designed to hold a stable value, often pegged to fiat currency or assets.
How do you solve scalability problems in cryptocurrencies?Scalability is solved through solutions such as second or third layer protocols and increasing the capacity of blockchain networks.
What are cryptocurrency faucets?Faucets are websites or apps that distribute small amounts of cryptocurrencies to users for free.
How do consensus algorithms work in cryptocurrencies?Consensus algorithms govern the validation of transactions and reaching an agreement on the blockchain.
What are utility tokens?Utility tokens are cryptocurrencies used within a specific platform or service to access features or services.
How do you manage the private keys of cryptocurrencies?Cryptocurrency private keys must be kept secure and can be stored on hardware wallets or in offline wallets.
What is pump-and-dump in the world of cryptocurrencies?Pump-and-dump is an illegal practice in which the price of a cryptocurrency is artificially inflated and then sold at a higher price.
What is the role of ICOs in funding crypto projects?ICOs are used to raise funds for new crypto projects by offering tokens to investors.
How is the market capitalization of a cryptocurrency calculated?Market capitalization is obtained by multiplying the price of a cryptocurrency by its number of tokens in circulation.
What are DeFi (Decentralized Finance) protocols?DeFi protocols are decentralized financial platforms that offer services such as lending, staking, and cryptocurrency trading.
How do you get DeFi tokens?DeFi tokens can be obtained by participating in protocols, providing liquidity or staking cryptocurrencies.
What is liquidity on a cryptocurrency exchange?Liquidity refers to the availability of funds and buy and sell orders on an exchange.
How do you deal with the risk of fraud in cryptocurrencies?To deal with the risk of fraud, users need to be cautious, research and use secure platforms.
What is the role of DApps (Decentralized Applications) in cryptocurrencies?DApps are decentralized applications built on top of the blockchain that offer services and features without a central authority.
What are ERC-20 Tokens?ERC-20 tokens are token standards on the Ethereum blockchain, used for digital asset creation and ICOs.
How do second layer networks work in cryptocurrencies?Second layer networks allow for transactions to be processed off the main blockchain to increase its scalability.
What is cryptocurrency lending?Cryptocurrency lending is a practice where users lend their cryptocurrencies in exchange for interest.
How do you calculate the dominance percentage of a cryptocurrency?The dominance percentage of a cryptocurrency is obtained by dividing its total market capitalization by the total market capitalization.


Comparison between Pocket Option and Quotex: Discover the differences

Welcome to this comparison between Pocket Option and Quotex, two solid choices for binary options trading.

In this analysis, we will explore various crucial aspects which include the payout, license, foundation year, deposit type and so much more. Through this detailed overview, you will be able to evaluate the differences and similarities between these two brokers and make an informed decision for your trading needs.

Read on to find out which of these two brokers best suits your preferences and investment goals.

1. How to log in / Links

It should be noted that some countries restrict access to binary options brokers, depending on the regulations. 

The link for Pocket Option as of today is   https://po7.cash/smart/NBsHaX7rcA7Oqj . 

Note the “po7” part. This is updated according to needs, therefore in case of non-functionality of the link change with “po8” or “p9” etc.

The most recent link for Quotex is  http://Qxbroker.com/?lid=13735

In case of lack of access to the platform, use a VPN, even a free one, as recommended by the broker himself.

1. Payouts

Pocket Option claims a payout of up to 96% for binary options. However, it is important to note that the actual payout may vary depending on trading activity and market conditions.

Quotex claims payouts of up to 95% for binary options. As with Pocket Option, the actual payout may vary based on market circumstances and trading activities.

2. License

Pocket Option is a brand managed by Gembell Limited, a company registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, and is regulated by the International Financial Market Relations Regulation Center (IFMRRC).

Quotex: Quotex is a brand operated by the company Quotex Limited, regulated as a Pocket regulated by the IFMRRC, a license which provides some protection to traders, however it may not be at the level of licenses provided by more well known financial regulators.

3. Year of foundation

Pocket Option was founded in 2017. It is relatively new in the binary options sector compared to some ESMA regulated brokers, which however are now reserved for professionals with high capital

Quotex was founded in 2020, so it is also a relatively young broker in the binary options market.

4. Type of Deposit

Pocket Option offers several deposit methods, including credit/debit cards, e-wallets (e.g. Skrill, Neteller) and cryptocurrencies such as Bitcoin. This provides traders with several options for depositing funds into their account. Methods may vary depending on the broker’s policies. 

5. Expiry of the trade

Quotex also offers a variety of deposit options, such as credit/debit cards, e-wallets and cryptocurrencies. The exact methods, as with Pocket, may vary depending on your geographic region and broker policies.

Pocket Option offers a variety of expiries for binary options, including short-term expiries (from 1 minute) and long-term expiries (up to 4 hours). This allows traders to select the expiration option that best suits their trading strategies.

Quotex offers a choice of expirations for binary options, which include short-term expiries (from 30 seconds) and long-term expiries (up to 5 minutes). Again, you can select your desired expiration option based on your trading preferences.

6. Types of options

Pocket Option offers a wide range of binary options types, such as classic binary options, long term binary options, short term (turbo) binary options and touch/no-touch binary options. This diversity of options allows traders to take advantage of a wider range of trading strategies.

Quotex also offers a variety of binary options types, including classic binary options, high yield binary options, short term (turbo) binary options, and touch/no-touch binary options. Traders have the ability to choose the type of option that best suits their needs and trading strategies

7. Trading Platform and Tools

Pocket Option provides an intuitive and user-friendly trading platform. It also offers a number of additional tools, such as technical indicators, advanced price charts, and a social trading feature that allows traders to follow and copy the trades of other traders.

Quotex offers a modern and easy to use trading platform. The platform includes technical analysis tools, interactive charts and social trading features, allowing traders to connect with other users and share trading strategies.

8. Minimum deposit and minimum trade

The minimum trade amount on Pocket Option starts at $1 or the equivalent in other currencies. Pocket Option requires a minimum initial deposit to open a trading account starting at $50 or the equivalent in other currencies.

At Quotex the minimum deposit is only $10 or the equivalent in other currencies

CONCLUSION: Quotex vs Pocket Option

It may be useful to go into detail to give even more complete information to those who are preparing to choose one of the two brokers

Comparison between Pocket Option and Quotex: Discover the differences

  1. Minimum Deposit:
    The minimum deposit represents the amount required to start trading. In this case, Quotex is cheaper than Pocket Option as it only requires a minimum investment of $10, while Pocket Option requires $50 as a minimum deposit.
  2. Bonus:
    The welcome bonus is a gift offered to traders when making their first deposit. Quotex offers a more generous bonus, up to $105, compared to Pocket Option which only provides 50% of the deposit value as a bonus.
  3. Margin Trading:
    Margin trading involves using borrowed money to buy stock through the broker. Pocket Option supports this feature, allowing users to engage in margin trades, while Quotex does not offer the ability to trade stocks.
  4. Automatic trading:
    Automatic trading allows you to execute buy or sell orders automatically, based on specific settings or programs. Pocket Option supports this feature, allowing traders to automate their trades. In contrast, Quotex does not offer automated trading.
  5. Trading Signals:
    Trading signals provide traders with information based on asset analysis and market conditions. Quotex offers trading signals, however, they are not available on demo accounts. Pocket Option, on the other hand, allows the use of trading signals on both demo and real accounts.
  6. Copy-trading:
    Copy-trading is a useful option for new traders, as it allows them to copy the strategies of experienced traders and profit from them. Quotex supports copy trading, but this feature is not available on demo accounts. Pocket Option, on the other hand, allows copy-trading on both demo and real accounts.
  7. Cryptocurrencies:
    Cryptocurrencies are digital assets, such as BTC (Bitcoin) and LTC (Litecoin). Pocket Option offers five different cryptocurrencies to choose from, while Quotex only supports major cryptocurrencies such as Bitcoin and Litecoin.

CONCLUSION: Quotex vs Pocket Option

Both Quotex and Pocket Option offer good services for binary options trading.

Quotex, despite being a newer broker, offers a wide range of services and greater transparency in payments thanks to the payout percentage known from the beginning.

Pocket Option, on the other hand, has many resources and special options, ensuring the safety of deposits and withdrawals.

Online reviews seem to give Quotex a slight edge, especially for the variety of options on offer. However, it is advisable to conduct thorough research and try out the demo platforms to determine which broker offers the features that best suit your needs.

Always remember to start with a demo account before placing real trades.

Try the demos or evaluate the platforms directly:

VeePN: The Free VPN Private Network

Do you use Google Chrome? Here is a free VPN extension!            

Discover a free VPN extension that enhances your browsing experience while optimizing security! Block ads and enjoy seamless access to restricted websites with VeePN, the recommended choice even among binary options brokers in Europe.

VeePN  features

With over 2500 servers worldwide and a high-speed server network, you can browse securely and effortlessly. Say goodbye to ads, trackers, and malware with VeePN’s efficient blocking capabilities.

Additionally, you can spoof your browser’s location, time, and language to further enhance privacy. The extension also provides automatic protection for your personalized website list.

Recommended by brokers

Even binary options brokers who have limited access in Europe recommend surfing with a VPN (Virtual Private Network, individual private network). VeePN is a free VPN extension!

With VeePN, you can unblock access to websites and browse securely even on platforms like Quotex , Pocket Option and more.

Preserve your privacy

Protect your privacy with VeePN’s servers, which provide you with a new IP address.

By concealing your location and safeguarding your personal data, VeePN ensures your safety from fraud and hackers

Access geo-blocked content
– ​​NETFLIX HBOMAX YouTube etc.
– 2500+ servers in 60+ countries
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– Encrypt your internet traffic

Smart Location . Create a rule to automatically set the location for any website .

Get a safe and ad-free browsing experience. VeePN Blocks ads, trackers and malware.

Your Internet Privacy . Encrypt your internet traffic.

Join over 24 million users worldwide and get access to all exclusive features.
–  2500+ servers in 60+ countries
– Automatically bypass and protect custom list of websites
– Custom proxy that can be configured by yourself.
– Unlimited access search as much as you want
– Trustpilot rating: Excellent 4.9 | 869 reviews
– 24/7 customer support

VeePN  is the ideal VPN service for Chrome

VeePN is fast, highly secure and simple to use to protect your  online privacy . Enjoy  unlimited traffic and unlimited bandwidth  with VeePN!

Do you want a valid and free alternative? Opera VPN

Let’s ask Artificial Intelligence to correct our indicator!

Even if you are not familiar with programming metatrader indicators by reading this article you will be amazed at what AI can do!

Here we report the chat with AI

FreeBinaryOptions: If I give you an MQL4 indicator with arrows with his script, can you tell me how many positive signals I got in the past?

AI: As a text based language model, I don’t have the ability to directly execute MQL4 code or any other programming language. However, I can give you general guidance on how you might calculate the number of positive signals generated by an MQL4 script in the past.

To calculate the number of positive signals generated by an MQL4 script in the past, you should follow these steps:

  1. Open the MQL4 script code which gives you the arrow indicators.
  2. Identifies the logic used in the script to generate signal arrows.
  3. Determines the condition or conditions that are evaluated to generate a positive arrow.
  4. Using the same logic and conditions, loop through your financial instrument’s historical data (for example, closing prices) to determine when the conditions have been met to generate a positive arrow.
  5. Increments a counter each time a positive condition occurs during the historical data cycle.
  6. At the end of the cycle, the counter value will represent the number of positive signals generated in the past.

Remember that this is just a general explanation of how you might go about calculating the number of positive signals in the past using an MQL4 script. However, the specific logic and implementation will depend on the indicator and script you are using. Make sure you are familiar with the code and adapt it to your specific needs.

If you need specific assistance in the MQL4 indicator code, it would be helpful to include the indicator code in your message, so that I can provide you with more specific support.

FreeBinaryOptions: Well, here is the code of my indicator

/* forzaforex.it */ #property indicator_chart_window #property indicator_buffers 3 #property indicator_color1 Green #property indicator_color2 Red #property indicator_color3 Orange extern bool Sound_Alert = TRUE; double G_ibuf_80[]; double G_ibuf_84[]; // int init() { SetIndexStyle(0, DRAW_ARROW, EMPTY, 4); SetIndexArrow(0, 221); SetIndexBuffer(0, G_ibuf_80); SetIndexEmptyValue(0, 0.0); SetIndexStyle(1, DRAW_ARROW, EMPTY, 4); SetIndexArrow(1, 222); SetIndexBuffer(1, G_ibuf_84); SetIndexEmptyValue(1, 0.0); return(0); } // int deinit() { return (0); } // int start() { double Lda_0[2]; Comment(“FYI: https://www.forzaforex.it/indicator-non-repaint https://www.freebinaryoptions.one/no-repaint-indicator-alert-arrows/”); double iatr_4 = iATR(Symbol(), 0, 50, 1); for (int index_12 = 0; index_12 < Bars; index_12++) { G_ibuf_80[index_12] = 0.0; G_ibuf_84[index_12] = 0.0; for (int index_16 = 0; index_16 < 2; index_16++) Lda_0[index_16] = iRSI(Symbol(), 0, 14.0, PRICE_CLOSE, index_12 + index_16); if (Lda_0[0] > 25.0 && Lda_0[1] < 25.0) G_ibuf_80[index_12] = Low[index_12] – iatr_4 / 2.0; if (Lda_0[0] < 75.0 && Lda_0[1] > 75.0) G_ibuf_84[index_12] = High[index_12] + iatr_4 / 2.0; } if (G_ibuf_80[2] == 0.0 && G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0 ]) Alert(“Arrow Signal Call”); if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0] ) Alert(“Arrow Signal Put”); return(0); index_12 + index_16); if (Lda_0[0] > 25.0 && Lda_0[1] < 25.0) G_ibuf_80[index_12] = Low[index_12] – iatr_4 / 2.0; if (Lda_0[0] < 75.0 && Lda_0[1] > 75.0) G_ibuf_84[index_12] = High[index_12] + iatr_4 / 2.0; } if (G_ibuf_80[2] == 0.0 && G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0 ]) Alert(“Arrow Signal Call”); if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0] ) Alert(“Arrow Signal Put”); return(0); index_12 + index_16); if (Lda_0[0] > 25.0 && Lda_0[1] < 25.0) G_ibuf_80[index_12] = Low[index_12] – iatr_4 / 2.0; if (Lda_0[0] < 75.0 && Lda_0[1] > 75.0) G_ibuf_84[index_12] = High[index_12] + iatr_4 / 2.0; } if (G_ibuf_80[2] == 0.0 && G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0 ]) Alert(“Arrow Signal Call”); if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0] ) Alert(“Arrow Signal Put”); return(0); & G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0]) Alert(“Arrow Signal Call”) ; if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0] ) Alert(“Arrow Signal Put”); return(0); & G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0]) Alert(“Arrow Signal Call”) ; if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0] ) Alert(“Arrow Signal Put”); return(0);

AI: Thanks for providing the MQL4 indicator code.

Analyzing the code, it appears that the indicator generates signal arrows for both BUY (CALL) and SELL (PUT) signals based on the conditions of the RSI indicator.

To determine the number of positive signals in the past, you would need to make some code changes. Here’s how you can proceed:

  1. Add a counter variable at the beginning of your code to track the number of positive signals. For example, you can declare a variable called “positiveSignals” and set it to zero:
arduinoCopy codeint positiveSignals = 0;
  1. In the loop forthat iterates through the historical data, just after the lines G_ibuf_80[index_12] = 0.0;and G_ibuf_84[index_12] = 0.0;, add the check to see if a positive signal has been generated. You can do this by using the conditions you’ve identified for the positive signal arrows. For example, for the CALL signal, you can add:
cssCopy codeif (G_ibuf_80[index_12] > 0.0) {
  1. At the end of the loop, after the loop for, you can print the number of positive signals generated in the past using the function Print:
mathematicaCopy codePrint("Numero di segnali positivi nel passato: ", positiveSignals);
  1. Now, when you run the indicator on the chart, it will display the number of positive signals generated in the past in the MetaTrader output window.

I remind you that this code only provides the count of positive signals in the past, but if you need more detailed analysis or specific processing on the signals, you may need to make more code changes or write more complex logic.

Remember to compile the indicator again after making the changes and test it on historical data to verify the correctness of counting positive signals.

FreeBinaryOptions: can you make these changes directly to me and give me the new code?

Beginning of the code that is sending…

Certainly! Here is the modified code of the MQL4 indicator with the changes described above:

/* forzaforex.it */ #property indicator_chart_window #property indicator_buffers 3 #property indicator_color1 Green #property indicator_color2 Red #property indicator_color3 Orange extern bool Sound_Alert = TRUE; double G_ibuf_80[]; double G_ibuf_84[]; // int init() { SetIndexStyle(0, DRAW_ARROW, EMPTY, 4); SetIndexArrow(0, 221); SetIndexBuffer(0, G_ibuf_80); SetIndexEmptyValue(0, 0.0); SetIndexStyle(1, DRAW_ARROW, EMPTY, 4); SetIndexArrow(1, 222); SetIndexBuffer(1, G_ibuf_84); SetIndexEmptyValue(1, 0.0); return (0); } // int deinit() { return (0); } // int start() { double Lda_0[2]; Comment("FYI: https://www.forzaforex.it/indicatore-non-repaint https://www.freebinaryoptions.one/no-repaint-indicator-alert-arrows/"); double iatr_4 = iATR(Symbol(), 0, 50, 1); int positiveSignals = 0; // Variabile contatore per i segnali positivi for (int index_12 = 0; index_12 < Bars; index_12++) { G_ibuf_80[index_12] = 0.0; G_ibuf_84[index_12] = 0.0; for (int index_16 = 0; index_16 < 2; index_16++) Lda_0[index_16] = iRSI(Symbol(), 0, 14.0, PRICE_CLOSE, index_12 + index_16); if (Lda_0[0] > 25.0 && Lda_0[1] < 25.0) { G_ibuf_80[index_12] = Low[index_12] - iatr_4 / 2.0; positiveSignals++; // Incrementa il contatore dei segnali positivi } if (Lda_0[0] < 75.0 && Lda_0[1] > 75.0) G_ibuf_84[index_12] = High[index_12] + iatr_4 / 2.0; } if (G_ibuf_80[2] == 0.0 && G_ibuf_80[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0]) Alert("Arrow Signal Call"); if (G_ibuf_84[2] == 0.0 && G_ibuf_84[1] != 0.0 && Open[0] == Low[0] && Open[0] == High[0] && Open[0] == Close[0]) Alert("Arrow Signal Put"); Print("Numero di segnali positivi nel passato: ", positiveSignals); // Stampa il numero di segnali positivi return (0); }

The changes were made inside the function start(), where I added the variable positiveSignalsfor counting positive signals and incremented its value when a positive signal is generated.

I recommend that you compile the indicator again in your MetaEditor and test it on a chart to see the number of positive signals generated in the past in the MetaTrader output window.


Even without particular experience on our part, Artificial Intelligence can be of great help in trading. The possibilities are endless.

MACD Indicator and Strategy

MACD indicator and entry strategy

The MACD indicator is one of the most used by traders. An entry strategy for binary options is also described in this article.

You may be interested in learning more about the MACD indicator, and how to get an entry signal from it (MACD strategy).

What is MACD

MACD stands for ” Moving – Average – Convergence – D ivergence”. Let’s try to understand better.

Technical analysis indicators give information that is not easily obtained by simply observing the charts, and the MACD is no exception. The MACD indicator is nothing more than an indicator built on the functioning of various moving averages

The MACD line intersects the zero line.
The MACD line intersects the zero line.

The MACD indicator consists of two lines, the “MACD line” (in the blue figure) and the “signal line” (in the brown figure). There is also a bar graph.

Let’s start talking about the blue line, the MACD line ( MACD line,  in English).

The MACD Line

The MACD line (blue line shown) fluctuates above and below the zero level line.

The MACD line represents the difference between two moving averages EMA with different periods.

In the figure, the two EMAs are those depicted at the top in the candlestick area, and highlighted here only for reasons of greater understanding, but which will not then be shown during the operation of the indicator, as they are replaced by the single blue line of the indicator which represents them the difference.

When the difference between these two moving averages is zero, i.e. they touch, the MACD line that represents them is on the zero line (white in the figure).

The greater the difference between the two moving averages (top), the further the EMA line moves away from the  zero line.

We know from technical analysis that when two moving averages cross, they can generate an entry signal. So the blue EMA line below touching the white line is an alert to be aware of.

The Signal Line

The signal line , also known as the central line or “central line” in the figure depicted in brown, is a 9-period EMA. It acts as a slow moving average, which is crossed by the fast MACD at multiple points.

The MACD line and the signal line intersect
The MACD line and the signal line intersect at multiple points.

The Bar Chart

The Bar Graph represents the distance between the fast MACD line and the slow signal line. So when the two lines touch the length of the bar resets to zero.

The bars will be shown in green (positive polarity) when the prices on the chart are rising (uptrend).

The bars will be shown in red (negative polarity) when the prices on the chart are falling (downtrend).

If the price goes up, the bars will be above the zero line, if it goes down, the bar graph will be below it.

Setting MACD parameters

It is possible to change the default values ​​of the parameters of the two mobile lines of the MACD. These values ​​measure the number of candles on which the line bases its calculations.

MACD indicator lines parameters
MACD indicator lines parameters

When the MACD line crosses the signal line and moves higher, this indicates the possibility of a price increase.

When the MACD line crosses the signal line and moves lower, this indicates the possibility of price reduction.

How the MACD indicator works

MACD is available as standard on most modern platforms and all calculations are fully automated. The trader just has to activate it. It is therefore not necessary for the trader to carry out annoying calculations to activate its functioning.

.If you use Metatrader there is an understandable and comprehensive MT4 Guide for the binary trader .

MACD trading strategy

It is possible to obtain a basic strategy with the MACD which allows us to obtain trading signals.

As we mentioned before, we get a signal at the crossing of the lines and precisely:

When the MACD line crosses the signal line upwards we get a CALL entry signal

When the MACD line crosses the signal line downwards we get a PUT entry signal

It is important to wait for a confirmation of the signal, waiting for the closing of the current candle and entering the trade at the opening of the next candle.

The zero line acts as resistance/support and once it is crossed one can expect a subsequent contact of the lines of the indicator, thus preparing us for the trade.

This strategy should also take into account the ” hidden divergence ” as described in the next paragraph.

For the deadlines of the trades, please refer to the specific article, “The Best Deadline”:

MACD divergence

Not only for the MACD, but valid for most oscillator-indicators, divergence analysis, often called “hidden divergence” is very useful for getting entry signal confirmation, and knowledgeable traders use it regularly.

Since the subject of divergences requires space and a specific approach, we refer you to the article where you will find the information you need to improve your entries, with the help of the divergences 

Trading with candlestick

Candlestick patterns (or figures) are popular tools for asset analysis. By looking at different patterns, traders can  spot potential trend reversals and choose the optimal time to enter or exit a trade.

There are tons of candlestick patterns, as you will know if you’ve done some research, and this could get confusing. You’ve probably desisted from using them.

We try to be practical, limiting ourselves to some that are considered more effective, accompanied by some examples to understand how to use them in trading. 

Let’s start from the basics to review the main concepts.

What is a candle in trading

Candlestick patterns are formed by a combination of candlesticks , displayed in the charts of the trading platform.

The main parts of the candle are the body , the upper shadow and the lower  shadow.

The body of the candle indicates whether the closing price is higher (green candle) or lower (red candle) than the opening price . In some platforms, such as Metatrader for example, the colors of the candles can be changed according to your preferences

A candlestick shows the price changes of an asset (e.g. Eur/Usd) over a certain period of time. For example, if a trader chooses the 15 minute period, a candlestick will show data for the last 15 minutes.

The candle’s shadow displays the highest and lowest prices touched during this period.

Candlestick patterns for trading

Candlestick trading involves identifying candlestick patterns and possibly using them to understand market behavior. Since there are numerous patterns, here are the main ones to get you started.

The hammer

It is a bullish pattern that could indicate an imminent trend reversal. It could appear in the final stage of a downtrend and indicate the lowest price before a bounce. 

When a candlestick’s lower shadow at the end of a downtrend is  at least twice as long as the body , a hammer pattern can be observed.

To confirm the pattern, the next candlestick should close above the body of the previous candlestick. 

Example of a hammer pattern 

.This approach is not 100% accurate, so traders should consider the potential risks carefully before making their move. To get further confirmation of the trend reversal when trading candlestick patterns, you can apply some technical indicators, such as the MACD or RSI .

Pattern Engulfing

Two types of patterns depending on whether the trend is down or up.


This pattern can occur at the end of an uptrend and  indicate the following price decline . It is a long red candle enclosing a smaller green candle that preceded it. 

Example of bearish engulfing pattern 

You can evaluate how long the red candle is compared to the green one.

If this contains the entire body of the previous candle, it may be sufficient to indicate a probable trend change. However, if it breaches not only the body of the green candle but also its upper and lower shadows, it could be a sign of an impending strong trend reversal. 


Similar to the bearish pattern, this one is formed by a larger candle engulfing the previous smaller one. In this case, at the end of a downtrend, the first red candle appears. The second one is green and should cover the entire body of the previous candle.

Example of a bullish engulfing pattern 

The bullish engulfing pattern could  indicate an impending trend reversal , which could present potential trading opportunities. However, as with any technical analysis tool, there is no guarantee that the prediction will come true. For this reason it is good to seek further confirmations.


To remember the pattern, the meaning of the name that comes from the Japanese word meaning “pregnant” comes in handy because the graphics it shows resemble a pregnant woman.


This pattern consists of a small red candle following a larger green candle . It doesn’t provide much insight into the direction of a potential trend reversal. However, it could indicate an impending change in direction.

If the price continues to rise after observing this pattern, the uptrend could last. Conversely, if the Harami pattern is followed by a bearish candlestick, the price may continue to fall.

Example of a bearish Harami pattern


Traders can see this pattern in the late stages of a downtrend when a large red candle is followed by a smaller green one. Like the bearish Harami, it can indicate two possibilities: the continuation of a downtrend or a potential reversal. To confirm the reading, traders should pay attention to the candle following the pattern. Whether it continues to rise or fall, it could indicate a lasting trend or a possible reversal.

Bullish Harami pattern example

i. It happens that some traders tend to overlook them, assuming that the recent direction will continue shortly and not expecting major changes. So if a reversal bounce occurs , it may be sudden. To keep in mind.

Three white soldiers

This pattern consists of three long bodied green candlesticks following a downtrend. They appear one after another.

Pattern example of the three white soldiers 

If you observe this pattern, it could offer an opportunity to  take a bullish position . To get more precision, traders can use the three white soldiers pattern in conjunction with other technical tools, such as trendlines and indicators.

Three Black Crows 

This is called the opposite pattern with 3 red candles.

Some time ago we also created a strategy on this pattern of the Three Black Crows  which also deals with the case of the Three White Soldiers.

Three Inside Up

It is a bullish reversal pattern that consists of a combination of three consecutive candlesticks. The first is a large red candle, the second is a smaller green candle that opens and closes within the body of the first. The third candle is also green, closing above the previous candle.

Three Inside Up pattern example

Three Inside Down

This pattern is the opposite of the previous one, made up of three consecutive candles. In this case, a large green candlestick is followed by a smaller red one, contained within the body of the first candlestick. The pattern is completed by a longer red candle which closes below the second one.

Three Inside Down pattern example 

Keep in mind that these two candlestick patterns could be considered short-term and do not guarantee big trend changes. However, they can be useful when looking for price movements that could potentially  lead to significant trend reversals .

Does candlestick trading work?

The idea behind this method of technical analysis is that price movements are not random. As a result, traders can  spot specific patterns.  You can decide to trade candlestick patterns for a variety of assets.

There are a few indicators that traders should pay attention to. For example, when you see a long green candle , this could be an uptrend signal. In the case of a long red candle , it could be the start of a downtrend. However, it is always advisable  to use other analysis tools to support these findings , as candlestick patterns alone can be misleading. Traders can use indicators to check their analysis and make an informed decision.  

It is also important to remember that candlestick patterns are  formed by past and current price swings . This means that they cannot accurately indicate future price changes.


The combinations of candlesticks form patterns that traders can analyze to confirm their predictions of price movements.

Different candlestick patterns can indicate potential trend reversals, bullish or bearish, which can offer trading opportunities.

However, it is preferable to use candlestick patterns in conjunction with other technical tools to get more accurate readings. 

Support and Resistance – A complete guide for your trading

Support and Resistance: let’s make use of them!

horizontal levels of support and resistance

Many already know what support and resistance levels are, but often used simply as reversal zones they lead to disappointing results. We must be clear if and when they can be used to open a position.

So let’s read the following topics to use the SR levels for our openings the supports and resistances:

  • What are support and resistance (SR)
  • When support or resistance forms
  • How to determine support and resistance levels
  • What to do after plotting SR levels
  • Trend lines for entry confirmations
  • Moving average as support or resistance
  • Fibonacci retracement as support and resistance
  • Ichimoku Cloud to identify reversals

What are support and resistance?

Support and resistance are key levels on a price chart where buying and selling pressure are in balance, causing the price to bounce off or above the level . These are horizontal price levels commonly established by linking the highs of the price bars to other highs or lows to lows. 

Support and resistance levels are important technical tools used in trading to identify possible points where the market could reverse its direction.

Below are a few ways you can use them to make trading decisions.

1. Identify support and resistance levels . The first step is to identify support and resistance levels on the price chart. Support levels are the points where the price has found support in the past and found it difficult to fall further. Conversely, resistance levels are the points where the price has found it difficult to move higher and has found resistance in the past .

2. Use support and resistance levels to make trading decisions . When the price approaches a support level, one can consider buying, as the idea is that the price will find support and start moving up. Conversely, when the price approaches a resistance level, one can consider selling, as the idea is that the price will find resistance and start falling.

3. Confirm support and resistance levels with other technical tools . You can confirm support and resistance levels with other technical tools, such as Fibonacci levels, moving averages or pivot points. This can increase the probability that the support or resistance level will behave as expected.

4. In forex. Use support and resistance levels as stop loss points . The support and resistance levels can also be used as stop loss points to limit losses in case the price moves against the open position.

In general, support and resistance levels are a useful tool for identifying possible market turning points . However, it is important to keep in mind that support and resistance levels are not accurate indicators and the price may cross or break support and resistance levels unpredictably. 

Support and resistance levels are critical technical indicators that form the basis of a wide range of technical analysis tools. Traders determine support and resistance in price action to   identify ideal price points to buy and sell assets  .

Support and resistance are the most essential trading indicators , helping you to eliminate most of the guesswork and identify potential trading opportunities. 

When support or resistance forms

A support or resistance level is formed   when the market’s price action reverses and changes direction, resulting in the formation of a peak or trough (swing point)  . 

Support   is a level on the trading chart beyond which an asset’s price will not fall or fall and bounce. It acts as   a floor which limits any further downward movement  . At this point, buyers are more likely to buy an asset and sellers are reluctant to sell, leading to increased   demand and consequently an increase in the asset’s price  .

Conversely,   resistance   is a level where the price struggles to break through to the upside and is pushed back down again. Resistance is a price point where the asset has   high supply and lower demand, lowering the asset’s price   and preventing further price increases. It acts as a ceiling, limiting further upward movement in prices.

How to determine support and resistance levels

To take out some of the uncertainty that comes with trading, traders should always   consider an asset’s support and resistance levels before entering a trade  . 

Trends and Trend Lines

A trader must first identify key support and resistance levels with the use of several technical indicators. The most common way to identify support and resistance is through   price action, looking for highs and lows over specific periods  . These levels could be recent swing highs or lows or significant price points such as round numbers or psychological levels. Traders use the line graph tool to connect the highs and lows and draw lines accordingly.

Support and resistance lines (blue) identified based on recent price action

Trendlines are another graphical tool that can be used. These   lines connect two or more price points on a chart  , making it fairly easy to use. In an uptrend, the trendline acts as a support level, while in a downtrend, the trendline acts as a resistance level.

Use moving averages

Another way is to use the   10-day, 20-day, 50-day, 100-day or 200-day moving averages to identify support and resistance levels  . The moving average can act as a support level when the price is above it; conversely, the moving average can act as a resistance level when the price is below it. 

The 20-day moving average indicator (red line) used as a support and resistance level

Fibonacci retracement as support and resistance

Fibonacci retracement is another technical analysis tool used to identify potential support and resistance levels. It is based on the Fibonacci sequence, introduced by the Italian mathematician Leonardo Fibonacci. The Fibonacci sequence is a series of numbers where each number is the sum of the previous two numbers, starting with 0 and 1. These levels are drawn using horizontal lines to mark the percentage retracement levels between the highest and lowest points of a market. 

Fibonacci retracement levels are used to determine potential support or resistance levels  . This can help   identify key areas where traders could enter or exit positions, as well as potential stop loss levels   to manage risk.

Fibonacci retracements applied to the price chart

Ichimoku Cloud

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a technical analysis tool used to   reveal overall trend strength and direction  . Ichimoku helps   identify potential trend reversals and momentum shifts   in the market. 

The Ichimoku Cloud indicator is composed of several elements, including the   Conversion Line (Tenkan-sen)   (9 periods)   and   the Standard Line (Kijun-sen)   (26 periods)   which act as dynamic support and resistance lines. While this indicator may seem a bit complicated, it’s not difficult to understand and can prove to be extremely useful. 

Ichimoku Cloud used to determine support and resistance levels

Traders often use Ichimoku support and resistance levels in conjunction with other technical indicators such as Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Bands to further confirm received signals and improve the accuracy of their trades.

How to open a trade

Once the support and resistance levels are confirmed, traders need to   analyze the price action   around these levels.

If the price breaks above resistance or falls below support, it could indicate a potential trend reversal or continuation.


  • To enter a long position (“Buy”), a trader can open a trade just above the support level after a bounce  . In forex to minimize potential losses in the event of a downtrend reversal, a trader can   set a stop-loss order just below the support level   when placing a buy order.


  • In short selling (“Sell”), a trader needs   to pay attention to the resistance level  . Short positions can be entered just below resistance levels, with the expectation of a price decline. The stop loss can be set just above the resistance level.

Support and resistance on Pocket Option and Quotex

Pocket Option and Quotex are online trading platforms that offer multiple financial instruments, including forex, stocks, commodities and cryptocurrencies. ea platforms provide a rich set of technical analysis tools, such as the ones mentioned above. Alternatively you can use Metatrader as a graphical reference.

These brokers with their charting tools help identify SR levels where the market is likely to experience buying or selling pressure. It works by drawing horizontal lines on the price chart, indicating levels where the market has previously encountered support or resistance.

The trader can manually plot his own support and resistance levels with these tools to monitor how the market reacts as prices approach those levels.

Charting tools, available on the Pocket Option platform

Do you want to learn more about the topic? Here is the Support and Resistance Strategy with a free indicator:


Support and resistance levels are important tools for identifying potential trading opportunities and managing risk. Understanding and applying support and resistance levels can significantly improve a trader’s chances of success.

Don’t hesitate to practice using these indicators in your demo account to maximize your profits.

Correlation between currency pairs

Positive correlation

How the correlation between currency pairs works

The correlation between currency pairs is a very interesting topic for investors in the currency market.

Correlation between currency pairs indicates how similarly two currency pairs move in the market.

There are different types of correlation, such as positive, negative and neutral correlation .

For example, the EUR/USD and GBP/USD currency pairs are often positively correlated, meaning they tend to move in the market in a similar way.

On the other hand, the EUR/USD currency pair and the USD/CHF pair are often negatively correlated, which means that when one pair goes up, the other tends to go down. 

Pairs generally moving in the same direction

  • EUR/USD and GBP/USD.
  • EUR/USD and AUD/USD.
  • EUR/USD and NZD/USD.
  • USD/CHF and USD/JPY.
  • AUD/USD and NZD/USD.

Pairs that generally move in opposite directions

  • EUR/USD and USD/CHF.
  • GBP/USD and USD/JPY.
  • USD/CAD and AUD/USD.
  • USD/JPY and AUD/USD.
  • GBP/USD and USD/CHF.