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.
- 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.
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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 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.
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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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.