Pip Assassin is a famous trend trading Metatrader 4 indicator that makes daily pips on any pair and time frame.
It’s very simple to use, even for beginners.
It’s a crossover Forex system that’s composed of two colored signal lines.
The Pip Assassin buy and sell trading rules are very simple:
- Open a buy trade when the blue lines crosses above the red line from below.
- Open a sell trade when the blue lines crosses below the red line from above.
The Pip Assassin MT4 Forex indicator works for scalping, day trading and swing trading on any time frame of your preference.
Feel free to experiment with the different input parameters.
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Pip Assassin 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 Pip Assassin Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open new buy order when the Pip Assassin’s blue line crosses the red line upward.
Place a stop loss 2 pips below previous swing low, or use your own stop loss placement method.
Take profit at a fixed pip target, for example 20 pips on the 1-minute scalping chart, or deploy your own take profit method.
Sell Trigger: Open new sell order when the Pip Assassin’s blue line crosses the red line downward.
Place a stop loss 2 pips above previous swing high, or use your own stop loss placement method.
Take profit at a fixed pip target, for example 35 pips on the 15-minute day trading chart, or deploy your own take profit method.
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Count bars, SSP, K min, K max, 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 system
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.