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Buy & Sell Pips Metatrader 4 Forex Indicator

The Buy & Sell Pips Forex indicator for MT4 provides you with 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.

Trading Signals

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.

Indicator Preferences

Currency pairs: any
Preferred Time frames: any
Sessions: any

Download

Download the buysellpips.mq4 indicator.

Configurable Indicator Options

EmailAlert, SoundAlert, colors

EUR/USD Weekly Chart Example

buy-sell-pips-metatrader4-indicator

How to install the Buy & Sell Pips custom indicator in Metatrader 4?

  • Download the buysellpips.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.