Introduction to the Exit Indicator
The Exit indicator tries to find the best moment to exit an opened trade.
The algorithm of this gauge delivers exit signals pretty accurately, taking into consideration the weakening movement of short-term trends. Following these signals, you will know when to partially or fully close the order.
Exit signals for sell orders are represented by orange circles. Similarly, exit signals for buy orders are represented by blue circles.
The indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Exit indicator in MT4?
Copy and paste the EXIT.ex4 or EXIT.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.
The Exit indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Exit Indicator Free Download
To download the Exit Indicator for Metatrader 4 (MT4) for free just click the button below: