Be Forex Guru Indicator
Platform: MT4 Type: Trend Last update: September 28, 2024The Be Forex Guru Indicator for MT4 is a simple but accurate trend-following forex indicator. Free download.
Behind the scenes, it uses several indicators to calculate its trading signals. These signals are provided in a really effortless form – namely, buy/sell arrows. What’s more, there is a signal line that represents bullish and bearish market conditions.
It is a good fit for both beginners and advanced forex traders. Due to the versatile nature of that gauge, it’s suitable for all kinds of forex strategies.
Applying the forex guru indicator in real trading
The Be Forex Guru Indicator provides buy/sell arrows as trading signals. Additionally, there is a signal line that follows trend-momentum until its end. It works very well during strong market trends, while large price swings take place.
Buy Signal
Follow these steps for a long trade:
- Be Forex Guru Indicator provides green buy arrow
- Price swings higher from recent low swing
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last swing low of the market
- Take profit or exit whenever the gauge provides opposite arrow or use your own method of trade exit
Sell Signal
Follow these steps for a short trade:
- Be Forex Guru Indicator provides red sell arrow
- Price swings lower from recent high swing
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last swing high of the market
- Take profit or exit whenever the gauge provides opposite arrow or use your own method of trade exit
Settings
These are available settings.
