Buy&Sell Pips Metatrader 4 Forex Indicator
This forex indicator gives you easy to follow trading signals. A green line indicates that the overall trend is going up. A red line indicates that the trend is going down.
Buy: enter a long trade at the up arrow (start of the green trend)
Sell: enter a sell trade at the down arrow (start of the red trend)
For buy signals: place a stop-loss at the previous swing low price.
For sell signals: place a stop-loss at the previous swing high price.
Take profit ideas (1): Take profits when you get an opposite signal. (for example from buy to sell or sell to buy)
Take profit ideas (2): Employ risk-to-reward ratios of at least 1:2 (risk 20 pips to make 40 pips)
Take profit ideas (3): Close the trade at previous resistance levels for buy signals, or at previous support levels for sell signals
Currency pairs: any
Preferred Time frames: any
Configurable Indicator Options
EmailAlert, SoundAlert, colors
EUR/USD Weekly Chart Example