This Forex indicator is a complete trading solution and does all the work for you!
The indicator analyzes daily price action and provides you with the best possible entry level, stop loss and 3 take profit.
The buy and sell signals appear every day on the chart and are very easy to follow.
How it works
- The white horizontally aligned line represents the buy entry price (open the buy trade here).
- The dark red horizontally aligned line represents the sell entry price (open the sell trade here).
- The red horizontally aligned line represents the stop loss price (place stop loss here).
- The green horizontally aligned lines represent the suggested take profit prices (take profit here).
In the upper left part of the Metatrader 4 screen, the exact signals (E, SL and TP levels) are posted there for your convenience.
This is a great indicator for beginners and seasoned traders alike.
You can use this trading system indicator as a standalone or together with your existing system or FX strategy!
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “autofibophenomenon.ex4” Metatrader 4 indicator
Complete Forex Trading System Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
This indicator works for any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Complete Forex Trading System
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade at the white entry buy line of the Forex trading system indicator (buy entry).
Place a protective stop loss at the red line (stop loss).
Take profit at any of the 3 suggested take profit levels, or you can close 1/3 at TP1, 1/3 at TP2 and 1/3 at TP3.
Sell Trigger: Open a sell trade at the red entry sell line of the Forex trading system indicator (sell entry).
Place a protective stop loss at the red line (stop loss).
Take profit at any of the 3 suggested take profit levels, or you can close 1/3 at TP1, 1/3 at TP2 and 1/3 at TP3.
Download This Forex Indicator Now
Download the “autofibophenomenon.ex4” MT4 indicator
Adjustable Parameters
Use open alert, use close alert, use email, 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, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- 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: trading system
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.