The Alfa Sniper Trend Forex indicator is an amazing arrow based buy and sell technical indicator that uses a secret strategy + RVI filter.
Overall the results from this indicator looks good.
- A blue up arrow represents a new buy trade opportunity.
- A red down arrow represents a new sell trade opportunity.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Download the “alfa-trend-indicator.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a new buy trade whenever the blue Alfa arrow gets printed on the chart.
Open a new sell trade whenever the red Alfa arrow gets printed on the chart.
Exit the trade when an opposite trading signal appears on the chart, or for a fixed profit target of your preference.
Utilize a short-term stop loss to minimize your losses.
Feel free to use your own favorite trading method to open and close trades with the Alfa Sniper Trend Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Use center line filter, use RVI filter, Alert, period, deviation, step, indent, color settings & style
Indicator type: trend
Repaint? Does not repaint the dual colored signal line.
Download the “alfa-trend-indicator.ex4” indicator for Metatrader 4
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 alfa-trend-indicator.ex4 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.