The EMA Angle Forex Sniper MT4 Indicator is a powerful buy and sell indicator based on the EMA angle.
The indicator appears in a separate MT4 trading window in the form of red trend bars.
The bars appears above or below the neutral zero level.
Based on the position of the red trend bars, you can open buy and sell trade positions.
Just load the EMA Angle Forex Sniper indicator onto the Metatrader 4 chart and start trading with it.
- Red EMA angle bars above the 0.00 level represent a buy trend.
- Red EMA angle bars below the 0.00 level represent a sell trend.
- Easy to buy and sell pairs with this indicator.
- Based on the EMA angle.
Feel free to explore the EMA Angle Forex Sniper indicator’s different parameters and settings to create your own personalized indicator setup.
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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 EMA Angle Forex Sniper MT4 Indicator
Buy Signal: Go long when the first EMA Angle bar appears above the 0.00 level on the chart.
Set your stop loss below the previous swing low level, or use your own favorite stop loss method.
Close the buy trade for a reward/risk ratio of 1.5 or more, or use your own favorite take profit method.
Alternatively, exit the buy trade whenever the first EMA Angle bars appears back below the 0.00 level (down trend).
Sell Signal: Go short when the first EMA Angle bar appears below the 0.00 level on the chart.
Set your stop loss above the previous swing high level, or use your own favorite stop loss method.
Close the sell trade for a reward/risk ratio of 1.5 or more, or use your own favorite take profit method.
Alternatively, exit the sell trade whenever the first EMA Angle bars appears back above the 0.00 level (up trend).
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EMA period, angle threshold, 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: EMA
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.