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.
Trading Signals
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).
Download
Download the BBands Stop V1.mq4 indicator
EUR/JPY Daily Chart Example
How to install the BBands Stop V1 custom indicator in Metatrader 4?
- Download the BBands Stop V1.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.