FQ Signal Arrows Forex Indicator For Metatrader 4
The FQ Signal Arrows Forex indicator delivers both accurate trend reversal and trend continuation buy/sell arrows on the MT4 chart.
This indicator uses a digital filter that reduces the number of false buy/sell signals.
This will result in more profitable trades and more profit.
- A buy trade occurs when the FQ Signal Arrows Forex indicator draws a blue UP arrow on the chart.
- A sell trade occurs when the FQ Signal Arrows Forex indicator draws a pink DOWN arrow on the chart.
Use the FQ Signal Arrows Forex indicator for any trade style and currency pair(s) of your preference.
Feel free to experiment with the indicator’s different parameters and settings.
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FQ Signal Arrows Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With FQ Signal Arrows Forex indicator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy trade order when the first blue FQ Signal arrow appears on the chart.
Place stop loss 2-3 pips below short-term support, or use your own stop loss placement method.
Close the buy trade for a reward to risk 1.5:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit target, for example, 25 pips on the 1-minute scalper chart.
Sell Trigger: Open sell trade order when the first pink FQ Signal arrow appears on the chart.
Place stop loss 2-3 pips above short-term resistance, or use your own stop loss placement method.
Close the sell trade for a reward to risk 1.5:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed take profit target, for example, 60 pips on the 1-hour swing chart.
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Factor, bars to analyze, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
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.