The Ahoora Forex trend sniper MT4 indicator is a popular good working indicator used for trend trading and even counter-trend trading currency pairs.
It’s pretty accurate and can make you daily pips if you follow the easy rules.
It consists of a dual colored signal line. Green for a buy trend and red for a sell trend.
That’s basically all you need to know to put it to work.
It can be used on its own or even combined with other technical indicators and simple price action techniques.
Use it for scalping, day trading and swing trading purposes.
Feel free to experiment the different input parameters.
Download This MT4 Forex Indicator Free
Ahoora Forex Trend Sniper 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 Ahoora Forex Trend Sniper Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the pair when the Ahoora Forex Trend Sniper draws a green signal line on the MT4 chart.
Place a stop loss 3 pips below short-term support, or use your own stop loss placement method.
Take profit when the signal lines turns back to red (bearish trend reversal), or deploy your own take profit method.
Sell Trigger: Sell the pair when the Ahoora Forex Trend Sniper draws a red signal line on the MT4 chart.
Place a stop loss 3 pips above short-term resistance, or use your own stop loss placement method.
Take profit when the signal lines turns back to green (bullish trend reversal), or deploy your own take profit method.
Download This Forex Indicator Now
MA method, look back, 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: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.