The Trend Cloud Forex Sniper MT4 indicator paints a tradable buy & sell trading cloud on the chart that delivers good ROI.
It’s dual colored, green for buy and orange for sell.
The rules to buy and sell pairs with the cloud indicator is really easy, even if you never trade the Forex market before.
Cloud trading works for scalping, day trading and swing trading style.
Key Takeaways
- A green cloud indicates a bull trend. Traders look to buy only in this area.
- An orange cloud indicates a bear trend. Traders look to sell only in this area.
- Works for currency pairs, Stocks, Indices, Commodities,..
Learn below how to open buy and sell trades with the Trend Cloud Forex Sniper MT4 indicator.
Free Download
Download the “Cafe 5.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD H4 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Trend Cloud Forex Sniper MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the Trend Cloud indicator draws its first green cloud bar on the chart.
Set stop loss 3 pips below previous support low, or use your own favorite SL method.
Exit long trade when the cloud turns orange again or close the buy trade for a fixed TP, for instance, +25 pips on the M5 chart.
Sell Trigger: Open a sell trade when the Trend Cloud indicator draws its first red cloud bar on the chart.
Set stop loss 3 pips above previous resistance high, or use your own favorite SL method.
Exit short trade when the cloud turns green again or close the sell trade for a fixed TP, for instance, +15 pips on the M1 scalping chart.
Download This Forex Indicator
Download the “Cafe 5.ex4” MT4 indicator
Adjustable Parameters & Settings
MA 2 period, MA 1price, MA 2 price, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone scalping trading system or strategy.
It can also be combined with trend indicators (moving averages, Bollinger Bands,..), technical oscillators (RSI, MACD,..) and price action strategies.
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.
