The Do Not Trade Metatrader 4 Forex indicator keeps you away from executing unprofitable trades with the help of its unique trend analysis mechanism.
Instead, it will alert you when there’s a high probability trade.
In the upper right corner of the MT4 chart, it will alert you with either “Buy” or “Sell”.
In back testing phase, the Do Not Trade Forex indicator won 579 pips in 20 trading days.
Just load the Do Not Trade technical indicator onto any currency pair and time frame of your preference and start trading with it in minutes.
Key Takeaways
- A buy signal occurs when the indicator displays “Buy” in the upper right corner of the MT4 chart.
- A sell signal occurs when the indicator displays “Sell” in the upper right corner of the MT4 chart.
- Easy to follow Forex indicator, even for absolute beginners.
- Works for any pair and time frame.
Feel free to explore the Do Not Trade Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “do-not-trade-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 Do Not Trade MT4 Forex Indicator
Buy Signal: Execute a buy trade when the Do Not Trade Forex indicator displays the Buy alert message in the upper right corner of the chart.
Set your stop loss below support, or use your own favorite SL method.
Take your profit for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, take profit when the indicator displays the Sell alert message in the upper right corner of the chart.
Sell Signal: Execute a sell trade when the Do Not Trade Forex indicator displays the Sell alert message in the upper right corner of the chart.
Set your stop loss above resistance, or use your own favorite SL method.
Take your profit for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, take profit when the indicator displays the Buy alert message in the upper right corner of the chart.
Download This Forex Indicator Now
Download the “do-not-trade-indicator.ex4” MT4 indicator
Adjustable Parameters
Time frame, threshold, gag K, window, message corner, 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: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
