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Super Signal Bands Metatrader 4 Forex Indicator

    The Super Signal Bands MT4 indicator is a very popular stop and reverse signal generator forex trading indicator.

    Using the indicator is utterly simple for any trader:

    Look to buy when the Super Signal Bands MT4 indicator draws a green signal line below price. This is a bullish trend signal.

    Look to sell when the Super Signal Bands MT4 indicator draws an orange signal line above price. This is a bearish trend signal.

    Feel free to experiment with the indicator’s standard settings. They can be changed directly from the indicator’s inputs tab.

    Free Download

    Download the bbands-stop-indicator.mq4” MT4 indicator

    Example Chart

    The EUR/USD 4-Hour chart below displays the Super Signal Bands Metatrader 4 Forex indicator in action.

    Basic Trading Signals

    Signals from the Super Signal Bands MT4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Initiate new buy trade position when the signal line changes color from orange to green. Place a stop-loss below the green signal line and trail it up just below the green line.

    Sell Signal: Initiate new sell trade position when the signal line changes color from green to orange. Place a stop-loss above the red signal line and trail it down just above the orange line.

    Trade Exit: Use your own method of trade exit.

    Download

    Download the bbands-stop-indicator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (Length, Deviation, X, Money risk, Signal, Line, Nbars) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Trend

    Installation

    Copy and paste the bbands-stop-indicator.mq4 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)