The Buy/Sell Super Bands Forex MT4 indicator is an excellent scalping and day trading indicator for 25-100 pips profit per day.
It’s a dynamic bands indicator that’s wrapped around the candlesticks.
You can easily recognize the prevailing trend with it.
- Up trending bands represent a buy trend.
- Down trading bands represent a sell trend.
For scalping on the lower time frames (M5, M15), it’s recommended to use the indicator during the London and US trading session.
Just load the Buy/Sell Super Bands indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A great indicator to enter and exit the Forex market multiple times a day.
- Clear entry and exit rules.
- Easy to recognize the trend.
- Utilize for quick profits on any time frame.
Feel free to explore the Buy/Sell Super Bands Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “emilio-super-bands-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H4 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Buy/Sell Super Bands Forex MT4 Indicator
Buy Signal: Execute a buy trade when the Buy/Sell Super Bands are pointing to the upside and price touches the lower band (entry point).
Set your stop loss slightly below the lower blue dotted band, or use your own favorite stop loss method.
Close the buy trade whenever price touches the upper band (profit target), or use your own favorite take profit method.
Sell Signal: Execute a sell trade when the Buy/Sell Super Bands are pointing to the downside and price touches the upper band (entry point).
Set your stop loss slightly above the upper blue dotted band, or use your own favorite stop loss method.
Close the sell trade whenever price touches the lower band (profit target), or use your own favorite take profit method.
Download This Forex Indicator Now
Download the “emilio-super-bands-indicator.ex4” MT4 indicator
Adjustable Parameters
E period, MA mode, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: bands
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.