Up And Down Step Buy/Sell Metatrader 4 Indicator
The up and down step indicator is a fully automated buy and sell forex indicator with very simple trading rules for both long and short trades.
Trading Signals
Buy: Wait for an up arrow to appear on the chart. Then open a buy trade at the open of the next candlestick. Place stop below the most recent support level.
Sell: Wait for an down arrow to appear on the chart. Then open a sell trade at the open of the next candlestick. Place stop above the most recent resistance level.
Indicator Preferences
Currency pairs: any
Preferred Time frames: 30 min and up
Sessions: any
Download
Download the stepupdown Metatrader 4 indicator.
Configurable Indicator Options
Colors
EUR/USD Daily Chart Example