The Envelope Forex Reversal Metatrader 4 indicator is a pure trend reversal Forex indicator that works out of the box.
The indicator is based on a strategy that identifies accurate trend reversals on any chart.
The main advantage is the use of low risk stop losses on new buy and sell trade positions.
Some traders report 200-400 pips per week profit with this indicator. So, it’s worth trying it out.
Just load the Envelope Forex Reversal indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A green Envelope Forex Reversal indicator arrow represents a buy signal.
- A red Envelope Forex Reversal indicator arrow represents a sell signal.
- Good for any trade style.
- Low risk stop losses.
- Works out of the box.
Feel free to explore the Envelope Forex Reversal 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 Envelope Forex Reversal MT4 Indicator
Buy Signal: Open a buy trade whenever the green trend reversal arrow gets printed on the chart. The trend has reversed from bearish to bullish.
Set your stop loss below immediate support, or use your own favorite stop loss method.
Exit the buy position when an opposite trend reversal signal appears on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target of your preference (for example, close for +40 pips on the M5 chart).
Sell Signal: Open a sell trade whenever the red trend reversal arrow gets printed on the chart. The trend has reversed from bullish to bearish.
Set your stop loss above immediate resistance, or use your own favorite stop loss method.
Exit the sell position when an opposite trend reversal signal appears on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed profit target of your preference (for example, close for +15 pips on the M1 scalper chart).
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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 reversal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.