The Sniper Forex Signals indicator for MT4 is based on a mix of the best technical indicators and a smooth factor which determines direction of a trend.
The indicator signals new trade opportunities with the help of colored buy & sell arrows and a built-in alert system.
It is very easy to trade with this signals indicator.
You open and close positions when the arrow changes color (orange to blue or blue to orange).
Utilize this indicator for any time frame and currency pair.
Scalper, day traders and swing trader can benefit from this indicator.
Just load the Sniper Forex Signals indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A blue colored arrow generates a buy trade signal.
- An orange colored arrow generates a sell trade signal.
- Works on any Forex pair and time frame.
- Helps to enter the trend at an early stage, more profit!
Feel free to explore the Sniper Forex Signals indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forex-space-indicator.ex4” Metatrader 4 indicator
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 Sniper Forex Signals MT4 Indicator
Buy Signal: Open long positions when the indicator draws a blue colored arrow on the MT4 chart.
Place your stop loss below the most recent swing low or consolidation region, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed profit target, or wait until you get an opposite sell arrow signal.
Sell Signal: Open short positions when the indicator draws an orange colored arrow on the MT4 chart.
Place your stop loss above the most recent swing high or consolidation region, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed profit target, or wait until you get an opposite buy arrow signal.
Download This Forex Indicator Now
Download the “forex-space-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, factor, history bar, alert, sound, 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
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.