The vForce Alerts Forex indicator for Metatrader 4 shows you exactly where to go long and short in the currency market.
In essence, it transforms current and past price data into a trading signals indicator.
The indicator paints all signals directly on the main chart window in the form of red and blue colored bars.
It can also be used as a buy/sell signals confirmation indicator that can work together with an existing trading strategy or system.
Buy & sell signal:
- Open a new buy position when the blue colored bar gets displayed on the chart.
- Open a new sell position when the red colored bar gets displayed on the chart.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Indicator Example Chart (EUR/USD M5)
The example chart below shows the vForce Alerts mt4 signals indicator in action.
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the vForce Alerts Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal alerts
Does the indicator repaint? No.
How to install the vForce Alerts indicator in 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 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.