EFI Pips Profit Forex MT4 Indicator

The EFI Pips Profit Forex MT4 indicator is developed to benefit from short-term movements that work for scalping and day trading.

The indicator fluctuates above and below the 0.00 neutral level for rapid trend direction.

From our testings, you can enter and exit positions multiple times a day for fast profits, 10-20 pips per trade is possible.

It’s also possible to keep your positions open for several hours on the higher time frames and for bigger profit (100 pips and more).

Just load the EFI Pips Profit Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

  • A short-term bullish trend occurs when the EFI purple trend bars appear above the 0.00 level.
  • A short-term bearish trend occurs when the EFI purple trend bars appear below the 0.00 level.
  • 100% No repaint trend bars.
  • Utilize for scalping and day trading on any time frame.

Feel free to explore the EFI Pips Profit Forex indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “efi-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 EFI Pips Profit Forex MT4 Indicator

Buy Signal: Open a buy trade when the first purple EFI Pips Profit bar appears above the 0.00 neutral level on the chart.

Set your original stop loss slightly below support, or use your own favorite stop loss method.

Close the buy trade whenever the indicator draws its first purple bar below the 0.00 level (sell signal), or use your own favorite take profit method.

Alternatively, close the buy trade for a fixed profit target of your choice.

Sell Signal: Open a sell trade when the first purple EFI Pips Profit bar appears below the 0.00 neutral level on the chart.

Set your original stop loss slightly above resistance, or use your own favorite stop loss method.

Close the sell trade whenever the indicator draws its first purple bar above the 0.00 level (buy signal), or use your own favorite take profit method.

Alternatively, close the sell trade for a fixed profit target of your choice.

Download This Forex Indicator Now

Download the “efi-indicator.ex4” MT4 indicator

Adjustable Parameters

Bars, MA period, MA method, applied price, 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: oscillator

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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