The Forex Cloud indicator for Metatrader is one of the best buy/sell cloud indicators I have ever seen.
It’s an incredible easy to follow trading indicator that has a good win rate.
The Forex cloud indicator might help you to achieve 300-1000 pips per month.
Just load the Forex Cloud indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A green Forex cloud represents an uptrend.
- A red Forex cloud represents a downtrend.
- Nice win rate.
- Does not repaint.
- Works on any currency pair.
Feel free to explore the Forex Cloud indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forexcloud-indicator.ex4” Metatrader 4 indicator
Indicator Chart ( EUR/CAD 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 Forex Cloud MT4 Indicator
Buy Signal: Execute a buy trade when the Forex Cloud indicator changes its color from red to green.
Set your stop loss below the green colored cloud, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 2.5 or better, or wait until you get an opposite sell signal.
Sell Signal: Execute a sell trade when the Forex Cloud indicator changes its color from green to red.
Set your stop loss above the red colored cloud, or use your own favorite stop loss strategy.
Exit the sell trade for a reward/risk ratio of 2.5 or better, or wait until you get an opposite buy signal.
Download This Forex Indicator Now
Download the “forexcloud-indicator.ex4” MT4 indicator
Adjustable Parameters
Time frame, 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.
