The DPO Bollinger Band MTF Forex MT4 indicator is a trend profiting indicator that’s composed of the DPO oscillator and Bollinger Bands.
It’s a very nice trend-following indicator that points you in the most profitable direction of the trend.
It’s easy to make 30 pips a day with it. Just follow the buy and sell trade rule as discussed more down below this page.
The indicator appears in a separate MT4 chart window underneath the main trading chart.
Just load the DPO Bollinger Band MTF Forex indicator onto the Metatrader 4 chart and start trading with it.
Key Takeaways
- A bull trend occurs when the yellow DPO signal line crosses above the upper blue Bollinger Band.
- A bear trend occurs when the yellow DPO signal line crosses above the lower blue Bollinger Band.
- 100% No repaint signals.
- Works for any currency pair and trade style.
Feel free to explore the DPO Bollinger Band MTF Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “dpo-bb-mtf-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H1 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 DPO Bollinger Band MTF Forex MT4 Indicator
Buy Signal: Execute a buy trade whenever the yellow DPO signal line crosses the upper blue Bollinger Band upward.
Set your stop loss below key support, or use your own favorite stop loss method.
Take your profit when the yellow DPO signal line crosses back below the lower blue Bollinger Band (sell signal), or use your own favorite take profit method.
Alternatively, exit the buy trade for fixed profit target. For example, 30 pips on the M15 chart.
Sell Signal: Execute a sell trade whenever the yellow DPO signal line crosses the lower blue Bollinger Band downward.
Set your stop loss above key resistance, or use your own favorite stop loss method.
Take your profit when the yellow DPO signal line crosses back above the upper blue Bollinger Band (buy signal), or use your own favorite take profit method.
Alternatively, exit the sell trade for fixed profit target. For example, 50 pips on the H1 chart.
Download This Forex Indicator Now
Download the “dpo-bb-mtf-indicator.ex4” MT4 indicator
Adjustable Parameters
Time frame, DPO period, DPO price, DPO MA method, Bollinger period, Bollinger deviation, 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: Bollinger Bands
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
