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Wave Entry Alerts Forex Indicator (MT4)

The Wave Entry Alerts Forex indicator for MT4 identifies interesting price levels where a trend reversal might occur.

It will add an alert circle on the chart where the trend reversal might occur.

This indicator works the best when combined with simple candlestick patterns.

After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

Key Points

  • Trend reversal indicator
  • Low risk trade entries
  • Combine with candlestick patterns
  • Well worth adding to your indicator collection

This indicator can work together with any existing trading strategy or system as a possible trend reversals confirmation tool.

Free Download 

Download the “Wave Entry Alerts.mq4” MT4 indicator

Indicator Example Chart

The EUR/USD 15-minutes chart below shows the Wave Entry Alerts indicator in action.

Basic Trading Signals

Signals from the Wave Entry Alerts Forex indicator for Metatrader 4 are easy to interpret and goes as follows:

BUY:

  • A trend reversal buy signal is given when the green circle + alerts appears on the chart. Confirm the buy trade with candlestick patterns.
  • Place stop loss below support.
  • Exit the buy trade for a predetermined profit target or wait for a sell signal.

SELL:

  • A trend reversal sell signal is given when the red circle + alerts appears on the chart. Confirm the sell trade with candlestick patterns.
  • Place stop loss above short-term resistance.
  • Exit the sell trade for a predetermined profit target or wait for a buy signal.

Download This Forex Indicator

Download the “Wave Entry Alerts.mq4” MT4 indicator

Adjustable Parameters & Settings

Period 1, period 2, step 1, step 2, box alerts, email alerts, sound alerts

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

More Info About This Indicator

Currency Pairs: works on any currency pair

Trading Platform: developed for Metatrader 4 (MT4)

Time Frames: any

Indicator Type: trend reversal

How to install the Wave Entry Alerts indicator in Metatrader 4?

  • Copy and paste the Wave Entry Alerts.mq4 indicator into the MQL4 indicators folder.
  • You can access this folder from the top menu as follows:
  • File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?

  • Right click in the chart
  • Select indicators list
  • Click on the indicator’s name
  • Click on the delete button