What is xtreme-binary-bot-indicator?
xtreme-binary-bot-indicator is an MT4 indicator that analyzes support and resistance areas and displays BUY or SELL dots as directional signals. It uses lime dots for BUY signals and red dots for SELL signals.
How to use xtreme-binary-bot-indicator
The upper-left panel lists current market and trading conditions. BUY or SELL dots appear when the indicator's support and resistance analysis identifies a direction for the next candle. For binary options, use M15 and enter on the next candle after the signal candle closes, then settle at that candle's close. For FX, use the signal alongside price action and recent high and low structure rather than relying on it alone.
Where it helps
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Alert_Setting | Configuration group. |
| EnableAlert | Enables or disables alerts when a signal appears. Default: true. |
| SoundFilename | Sets the sound file used for alerts. Default: alert.wav. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
