Forex Profit Boost Indicator For MT4

The Forex Profit Boost indicator for MT4 finds the best turning points in currency trends with the help of Bollinger Bands and Moving Averages.

It also uses a digital filter, called AVG that eliminates 50% market noise.

The indicator pops up on the main activity chart in the form of a colored cloud that is wrapped around the candlesticks.

The colored cloud will provide trend direction and accompanied buy/sell signals.

The indicator can be used as a standalone trend tool or combined with price action to enhance trading results.

Just load the Forex Profit Boost indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

  • A buy trend occurs when the blue/yellow cloud pops up on the chart.
  • A sell trend occurs when the red/yellow cloud pops up on the chart.
  • Works for scalpers, day traders and swing traders.
  • Includes a digital AVG filter for better trend trading.
  • Easy to trade with this Forex indicator.

Feel free to explore the Forex Profit Boost indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “forexprofitboost.ex4” Metatrader 4 indicator

Indicator Chart (EUR/USD M5 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 Profit Boost MT4 Indicator

Buy Signal: Open a long position when the blue/yellow cloud pops up on the chart. The trend is now upwards.

Set your stop loss 3 pips below the previous swing low, or use your own favorite stop loss strategy.

Exit the buy trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite sell signal.

Sell Signal: Open a short position when the red/yellow cloud pops up on the chart. The trend is now downwards.

Set your stop loss 3 pips above the previous swing high, or use your own favorite stop loss strategy.

Exit the sell trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite buy signal.

Download This Forex Indicator Now

Download the “forexprofitboost.ex4” MT4 indicator

Adjustable Parameters

MA period, MA method, AVG filter, BB period, BB deviation BB shift, 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.