While searching for the Trade60Sec indicator, I stumbled upon this free indicator in MQL5 community marketplace. I attached the indicator below but if it does not work, you can download it yourselves from MQL5. Here is the URL - https://www.mql5.com.../product/25255#
The author of this indicator suggested 3 to 5 minutes expiration when trading in Binary. I have not tested this yet but I find 1 min expiration using 1 step martingale recovery seems to work well. 1-step martingale means, if you lose a trade, quickly open another trade in the same direction either with the same lot size or double lot size for recovery purpose. If the 2nd trade still lose, you stop the trade (no more increasing of lot size to recover your lost).
Attached is the screenshot.
I don't have all the answers yet. I invite those who are keen to join this forum and explore.
a. Should we trade this indicator in trending or ranging market only ?
b. Should we trade on 1 min chart with 3 to 5 minutes expiration as suggested by the author ?
c. Should we trade this indicator on higher TF like 5 minutes with 5 to 15 minutes expiration ?
d. Is martingale recommended for this indicator ?
e. Is there any pair or trading hours that we should avoid with this indicator ?
The author has written several articles on the indicator that he coded. They are in Russian. Google translation can be confusing. Anyone who understand Russian can perhaps explore his articles and share his other works.
Happy trading ...