Forex Buy Sell Indicator
Platform: MT4 Type: Scalping Last update: August 3, 2024The Forex Buy Sell indicator is a simple buy/sell arrows forex gauge.
Due to the nature of that indicator, the best fit for it is scalping and intraday trading.
Use it on low spread forex pairs such as EUR/USD, USD/JPY, GBP/USD,… for maximum profit potential.
How does it work? How to apply in trading?
Signals provided by the Forex Buy Sell Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Forex Buy Sell indicator shows a blue upward arrow. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Forex Buy Sell indicator shows a red downward arrow. Place your stop loss a few pips above the swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
Example of EUR/CAD H4 Chart
This screenshot below shows an example of the Forex Buy Sell Indicator in action.
