The Bitcoin Trader MT4 indicator is a buy/sell signal indicator that can be used for Bitcoin trading or any other cryptocurrency.
The indicator follows the Bitcoin trend for any time frame of your choice.
A bullish Bitcoin trend occurs when the indicator draws a blue line on the chart.
In this case, Bitcoin traders look to buy the cryptocurrency.
A bearish Bitcoin trend occurs when the indicator draws a yellow line on the chart.
In this case, Bitcoin traders look to sell the cryptocurrency.
The Bitcoin Trader MT4 indicator settings can be fully modified from the indicator’s inputs menu.
Experiment with its settings!
Feel free to use the indicator on other cryptocurrencies as well (Ethereum, Ripple,…).
The Bitcoin 5-Minute chart below displays the Bitcoin Trader Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Bitcoin Trader MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Buy Bitcoin when the Bitcoin Trader indicator signal line changes color from yellow to blue.
Sell Signal: Sell Bitcoin when the Bitcoin Trader indicator signal line changes color from blue to yellow.
Trade Exit : Use your own method of trade exit.
MT4 Indicator Characteristics
Cryptocurrencies: Any (Bitcoin, Litecoin, Dash, Ethereum,..)
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (signal period, filter, take profit, stop loss, alerts ) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Bitcoin-Trader.ex4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)