AFSTAR Pips is a fantastic Forex MT4 trend indicator that was designed for scalpers, day traders and swing traders.
The indicator simply works, even if you have zero Forex trading experience.
The AFSTAR MT4 indicator uses a dual-colored arrow based system for simplicity.
- An Aqua colored arrow represents a buy signal.
- A Magenta colored arrow represents a sell signal.
The indicator can be used on itself, combined with your own trading system or with price action techniques.
Feel free to experiment with the indicator’s input parameters to suit your preferences.
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AFSTAR Pips Forex Indicator Chart
Here’s an example of how the 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 AFSTAR Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the desired currency pair when the AFSTAR MT4 indicator paints an Aqua colored arrow on the trading chart.
Place a stop loss 3 pips below support, or use your own stop loss strategy.
Take profit at a fixed profit target, for example 30 pips on the 15-minute chart, or deploy your own take profit method.
Sell Trigger: Sell the desired currency pair when the AFSTAR MT4 indicator paints a Magenta colored arrow on the trading chart.
Place a stop loss 3 pips above the most recent resistance level, or use your own stop loss strategy.
Take profit at a fixed profit target, for example 60 pips on the 1-hour chart, or deploy your own take profit method.
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Start fast, end fast, start slow, end slow, step period, all bars, colors, width, style.
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,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: ADX
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.