The Forex Buy Sell MT4 indicator is a short-term buy and sell arrows trading system.
Trading the system is pretty simple, blue arrows to buy the currency pair and red arrows to sell the currency pair.
The indicator can be applied to any pair and timeframe but don’t expect large pip swings from this indicator.
Instead, use it to benefit from short-term swings in the forex market. Ideal for active traders (scalpers and day traders).
Use it on low spread forex pairs such as EUR/USD, USD/JPY, GBP/USD,.. for maximum profit potential.
Feel free to experiment with the indicator’s settings.
The EUR/USD M30 chart below displays the Forex Buy Sell indicator in action.
Basic Trading Signals
Signals from the Forex Buy Sell indicator are easy to interpret and goes as follows:
Buy Signal: Go long when a blue arrow appears on the MT4 chart.
Sell Signal: Go short when a red arrow appears on the MT4 chart.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (signalMethod, ArrowDrawOn, 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 forex-buy-sell-indicator.ex4 indicator 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)