The 2 Candles Forex Reversal Signal indicator for MT4 is a scalping trend indicator that works for any time frame.
The indicator provides you with many scalping opportunities throughout the various trading sessions.
However, we found the indicator to be most effective during the London and U.S. trading sessions.
For scalping on the M1 and M5 chart, deploy the indicator on the lower spread currency pairs for maximum performance.
Free Download
Download the “2-candles-pilot-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
How to trade with it?
Open a buy trade as soon as the 2 Candles Forex Reversal Signal indicator paints a red arrow on the chart.
Open a sell trade as soon as the 2 Candles Forex Reversal Signal indicator paints a blue arrow on the chart.
Note: the arrow colors can be edited by accessing the indicator’s inputs.
Use a short-term stop loss!
Feel free to use your own favorite trading methods to open and close trades with the 2 Candles Forex Reversal Signal indicator .
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Alerts message, alerts sound, alerts email, alerts mobile, color settings & style
Indicator type: Price action
Repaint? Does not repaint the signal arrows.
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Download the “2-candles-pilot-indicator.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 2-candles-pilot-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.