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.
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
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.