Entry Sniper ATR Forex Indicator For MT4
The entry sniper ATR Forex indicator delivers sniper accurate entry signals in existing trends.
It’s very easy to use the indicator and it will increase your winning trades by 50% or even more.
The entry sniper indicator creates numerous valid entries during every trading session.
The basic buy and sell entry signals:
- A buy entry signal occurs when the red signal line crosses back above the blue horizontal line from below.
- A sell entry signal occurs when the red signal line crosses back below the blue horizontal line from above.
Deploy the sniper entry ATR Forex indicator on any currency pair and trading session of your preference (London, New York and Tokyo).
Feel free to experiment with the entry parameters and different indicator’s settings.
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Entry Sniper ATR Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Entry Sniper ATR MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when the existing trend is upward and the the red ATR signal line crosses back above the blue horizontal line from below.
Place a protective stop loss 2-3 pips below short-term support, or use your own stop loss placement strategy.
Close the buy trade for a reward/risk ratio of 1.5 or better.
Alternatively, exit the buy trade for a fixed take profit target, for example, 15 pips on the 1-minute scalping trading chart.
Sell Trigger: Sell the currency pair when the existing trend is downward and the the red ATR signal line crosses back below the blue horizontal line from above.
Place a protective stop loss 2-3 pips above short-term resistance, or use your own stop loss placement strategy.
Close the sell trade for a reward/risk ratio of 1.5 or better.
Alternatively, exit the sell trade for a fixed take profit target, for example, 40 pips on the 30-minute day trading chart.
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Short ATR, long ATR, trigger level, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- 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: entry signal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.