Buy Sell Magic Indicator MT4

The Buy Sell Magic Indicator MT4 (MetaTrader 4) generates simple and intuitive buy sell signals. Forex traders utilize these signals as short-term trend reversal signals. They are displayed in the form of arrows. That forex MT4 indicator is available for free download.

Sounds interesting? Let’s take a closer look at it.

Buy Sell Magic Indicator: Introduction

MT4 Indicator Overview

The download link of the Buy Sell Magic MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

Buy Sell Magic Indicator Example Chart

The Buy Sell Magic indicator is a powerful tool that combines three indicators and a custom price action filter. Unlike other forex indicators, it doesn’t clutter your screen with distracting bands, histograms, or lines. Instead, it provides clear and accurate signals using non-repaint arrows that indicate when to buy or sell. Not only does it identify entry points, but it also suggests suitable exit points, catering to the needs of both novice and experienced forex traders.

Another key advantage of the Buy Sell indicator is its effectiveness on lower time frames such as M1, M5, M15, and M30, particularly during the London and New York sessions when the market tends to be more volatile. Moreover, it offers versatility as it can be used to trade any currency pair. However, it’s important to note that it’s not recommended to use the indicator during holidays or major economic news events, as market conditions during these times can be unpredictable.

Forex Trading Suggestions

Buy Signal

When the Buy Sell Magic Indicator shows a green arrow, it indicates a favorable opportunity to enter a long position. To ensure you don’t miss the signal, a screen alert will pop up in real time. The indicator even calculates the stop loss for you, making it convenient to fill in the order. Alternatively, you can place the stop loss just below the grey dotted line.

When it comes to exiting the trade, you can set your own take profit using a 3:1 reward ratio. For example, you may choose a profit target of 30 pips. Additionally, you have the option to wait for the indicator to display a bearish signal, indicating a potential exit point for the buy trade.

Buy Sell Magic Indicator Buy Trade Example

Sell Signal

If the indicator displays a red arrow and a sell alert, it’s a signal to open a short position. The pop-up alert will also suggest a suitable sell stop level. For a tighter stop loss, you can set it just above the dotted line. In case you’re unsure about setting your own take profit, you can simply exit the trade when the indicator posts a buy signal.

Buy Sell Magic Indicator Sell Trade Example

MT4 Indicators: Download and Installation Instructions

Download the Buy Sell Magic Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the buy-sell-magic.ex4 or buy-sell-magic.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.

Indicator Summary

The MT4 Buy Sell Magic indicator for MetaTrader offers exceptional signals for entering both short and long positions. It eliminates the need for complex analysis, as you simply need to identify the green and red arrows and refer to the provided stop loss recommendations in the alert. However, you can consider to complement this forex indicator with additional analysis for a more comprehensive trading strategy. The forex indicator is available for free download and can be effortlessly installed.

Free Download Forex Buy Sell Magic MT4 Indicator

To download the Buy Sell Magic Indicator for Metatrader 4 (MT4) for free just click the button below:

Buy Sell Magic Indicator Free Download

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