The Figurelli Profit Forex Indicator for MT4 delivers profitable buy/sell signals based on the Figurelli price method.
The Figurelli indicator appears in a separate MT4 trading window.
It’s composed of red colored histogram bars that appear above and below the neutral 0.00 level.
It works as a standalone buy/sell indicator without any problem. From our testings, we gained 147 pips with it in only 2 trading days.
Naturally, feel free to combine it with other technical indicators or price action strategies.
Just load the Figurelli Profit Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A buy trigger occurs when the red colored Figurelli bars appear above the neutral level.
- A sell trigger occurs when the red colored Figurelli bars appear below the neutral level.
- Does not repaint any bars.
- Easy to backtest the indicator.
Feel free to explore the Figurelli Profit Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “figurelli-series-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 Figurelli Profit Forex MT4 Indicator
Buy Signal: Go long when the first red Figurelli histogram bar gets printed above the 0.00 neutral level.
Place your stop loss 3 pips below support, or use your own favorite stop loss method.
Close the buy trade whenever an opposite Figurelli signal gets triggered (sell signal).
Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.
Sell Signal: Go short when the first red Extremum histogram bar gets printed below the 0.00 neutral level.
Place your stop loss 3 pips above resistance, or use your own favorite stop loss method.
Close the sell trade whenever an opposite Figurelli signal gets triggered (buy signal).
Alternatively, exit the sell trade for a reward/risk ratio of 2.0 or better.
Download This Forex Indicator Now
Download the “figurelli-series-indicator.ex4” MT4 indicator
Input Parameters
Series, interval, max. bar, 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
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
