Auto Stop & Reverse Forex Pips Indicator For MT4
The auto stop & reverse Forex pips indicator is a winning signals indicator that’s always active in the market.
Many traders like these type of Forex signals indicators to trade with.
You only need to follow the buy/sell signals and reverse the position when the indicator tells you to do so.
The auto stop & reverse Forex pips MT4 indicator works best for scalping and day trading pairs during the London, New York and Tokyo sessions.
In order to get the most pips out of it, deploy the indicator on low spread currency pairs (EUR/USD, GBP/USD, USD/JPY,…).
Trading with this indicator is utterly simple:
- A bullish trend occurs when the dots appear underneath the candlesticks.
- A bearish trend occurs when the dots appear above the candlesticks.
I will explain below how to profit with this indicator.
Feel free to experiment with the indicator’s different parameters to create your own personalized buy/sell signals.
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Auto Stop & Reverse Forex Pips 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 The Auto Stop & Reverse Forex Pips MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the first blue dot appears underneath the candlesticks (bullish trend).
Place a protective stop loss below the dots, or use your own stop loss placement strategy.
Close the buy trade when the trend reverses (dots appear above the candlesticks).
Alternatively, exit the buy trade for a fixed take profit target, for example, 15 pips on the 1-minute scalping trading chart.
Sell Trigger: Open a sell trade when the first blue dot appears above the candlesticks (bearish trend).
Place a protective stop loss above the dots, or use your own stop loss placement strategy.
Exit the sell trade when the trend reverses (dots appear below the candlesticks).
Alternatively, exit the sell trade for a fixed take profit target, for example, 25 pips on the 5-minute intraday trading chart.
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Range, ATR, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- 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: stop and reverse
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.