The Forex Profit Supreme Filter MT4 indicator is a popular trend-following indicator that works with a market noise filter.
The market noise filter improves its accuracy by an amazing 25%.
The signals itself are really easy to trade, just follow the direction of the colored bars.
The indicator appears in a separate MT4 market window in the form of colored green and brown bars.
Scalper, day traders and swing trader can benefit from this indicator.
Just load the Forex Profit Supreme Filter indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A green colored Forex Profit Supreme Filter trend bar represents an uptrend.
- A brown colored Forex Profit Supreme Filter trend bar represents a downtrend.
- Does not repaint any of its trend bars.
- A popular trend-following Forex indicator.
Feel free to explore the Forex Profit Supreme Filter indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( USD/JPY 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 Supreme Filter MT4 Indicator
Buy Signal: Enter a long trade whenever the Forex Profit Supreme Filter indicator draws its first green trend bar on the chart.
Set your stop loss below the most recent 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 trigger signal.
Sell Signal: Enter a short trade whenever the Forex Profit Supreme Filter indicator draws its first brown trend bar on the chart.
Set your stop loss above the most recent 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 trigger signal.
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Time frame, smooth period, smooth phase, alerts ON, alerts ON current, alerts email, 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.