2 Candlestick Reversal Metatrader 4 Forex Indicator Without Lag

The 2-candlestick reversal Metatrader 4 indicator is a great buy and sell Forex indicator based on a lag-free simple candlestick pattern.

There’s no lag involved since it’s based on a price action technique.

The indicator will draw buy and sell arrows based on this lag-free candlestick trading pattern.

  • A green arrow represents a buy signal.
  • A red arrow represents a sell signal.

The 2 candlestick no-lag reversal indicator suits both scalping and day trading.

It’s not recommended to use it for swing trading.

Download This MT4 Forex Indicator Free

Download the “2-candles-pilot-indicator.ex4” Metatrader 4 indicator

2 Candlestick No-Lag Reversal Indicator Chart

Here’s an example of how the 2 Candlestick Reversal indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With 2 Candlestick Reversal Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Buy the currency pair when the indicator paints the first green arrow on the chart. The trend is now short-term bullish.

A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.

Exit the buy trade for 10-50 pips, depending on the time frame.

Sell Trigger: Sell the currency pair when the indicator paints the first red arrow on the chart. The trend is now short-term bearish.

A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.

Exit the sell trade for 10-50 pips, depending on the time frame.

Download This Forex Indicator Now

Download the “2-candles-pilot-indicator.ex4” MT4 indicator

Adjustable Parameters

Alerts message, alerts sound, alerts emails, alerts mobile, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: price pattern

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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