The Forex Profit Supreme Metatrader 4 system displays the strength of 8 different currencies together with the suggested currency pairs to trade.
The 8 different currencies: JPY, CAD, USD, GBP, EUR, NZD, AUD and CHF.
You will see the strength of each currency being displayed in a small window, sorted from very strong to very weak.
Based on the strength of the different currencies, the Forex Profit Supreme indicator will show you a list of the best currency pairs to trade at that moment, both for buy and sell trade opportunities
The currency pairs listed in blue color will offer the best buy trade opportunities (strong up trending pairs).
The currency pairs listed in red color will offer the best sell trade opportunities (strong down trending pairs).
Tip: Look for extreme indicator values above 90 or below -90 (best pairs to trade).
The AUD/USD H4 chart below displays the Forex Profit Supreme Metatrader 4 system indicator in action.
Basic Trading Signals
Signals from the Forex Profit Supreme Metatrader 4 system indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the Forex Profit Supreme indicator displays a positive value of above 90 (strong uptrend).
Sell Signal: Open sell trade position when the Forex Profit Supreme indicator displays a negative value of below -90 (strong downtrend).
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Show Currencies, Show Currencies Sorted, Don’t Show These Pairs) 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 ForexProfitSupreme Meter.mq4 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)