Be Forex Guru Indicator for MT4

Introduction to the Be Forex Guru Indicator

The 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.

How does it work? How to apply in trading?

Trading Rules Explanation

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 Be Forex Guru Indicator provides opposite arrow or use your own method of trade exit

Be Forex Guru Indicator Example of Buy Trade

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 Be Forex Guru Indicator provides opposite arrow or use your own method of trade exit

Be Forex Guru Indicator Example of Sell Trade

As always, to achieve good results, remember about proper money management.

To be a profitable trader you need to master discipline, emotions, and psychology.

It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

Settings

These are available settings.

Be Forex Guru Indicator Settings

How to set up the Be Forex Guru indicator in MetaTrader (MT4)?

Installation Guide

Download the be-forex-guru.rar archive at the bottom of this post, unpack it, then copy and paste the be-forex-guru.ex4 or be-forex-guru.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Be Forex Guru indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

Be Forex Guru Indicator in MT4 Trading Platform Navigator

Download Free MT4 Be Forex Guru Indicator

To download the Be Forex Guru Indicator for Metatrader 4 (MT4) for free just click the button below:

Be Forex Guru Indicator Free Download


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