The Forex Profit Reversal indicator for MT4 is built to trigger sniper accurate trend reversal signals that occur on any time frame.
It looks for trend exhaustion and then triggers an opposite signal at the best possible price.
These type of trades involve the use of low risk stops, placed a few pips above or below the high or low price to minimize trading risk.
The indicator alerts you of any new trading signals (can be turned ON/OFF at the inputs tab).
Just load the Forex Profit Reversal indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- Accurate Forex trend reversal indicator.
- Low risk stops being used.
- Works for any currency and time frame.
- Alerts included.
Feel free to explore the Forex Profit Reversal indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forex-reversal-indicator.ex4” Metatrader 4 indicator
Indicator Chart ( EUR/USD M30 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 Reversal MT4 Indicator
Buy Signal: Open a buy trade whenever the Forex Profit Reversal indicator paints a green bullet on the chart.
Set your stop loss a few pips below short-term support, 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 trend reversal signal.
Sell Signal: Open a sell trade whenever the Forex Profit Reversal indicator paints an orange bullet on the chart.
Set your stop loss a few pips above short-term resistance, 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 trend reversal signal.
Download This Forex Indicator Now
Download the “forex-reversal-indicator.ex4” MT4 indicator
Adjustable Parameters
Period 1, period 2, period 3, box alerts, email alerts, sound alerts, 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: reversal
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
