BBands Stop V1 Metatrader 4 Indicator
BBands Stop is a trend following MT4 indicator that works on all time frame’s for all currency pairs. Green colored dots suggest uptrend. On the contrary, orange dots suggest downtrend.
BUY: Open long position at the first green dot and trail your stop 1 pip below the green rising dots to lock in profits.
SELL: Open short position at the first red dot and trail your stop 1 pip above the red falling dots to lock in profits.
Reverse your initial trading position when the dots change color (red to green or green to red).
EUR/JPY Daily Chart Example