FATL PlusBack Indicator for MT4

Introduction to the FATL PlusBack Indicator

The FATL PlusBack Indicator is a custom forex trading tool based on three moving averages. Simply look for buy trades when the orange and green lines are above the red line. Similarly, look for sell trades when the orange and green lines are below the red line.

The FATL PlusBack Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. 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 FATL PlusBack indicator in MetaTrader (MT4)?

Installation Guide

Download the FATL PlusBack.rar archive at the bottom of this post, unpack it, then copy and paste the FATL PlusBack.ex4 or FATL PlusBack.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 FATL PlusBack 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.

Download Free Forex MT4 FATL PlusBack Indicator

To download the FATL PlusBack Indicator for Metatrader 4 (MT4) for free just click the button below:

FATL PlusBack Indicator Free Download


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