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