Forex Entry Point indicator was designed to give traders the best possible entry for their long and short trades and it displays pink and turquoise vertical lines in lower window of Metatrader 4 terminal. These color lines predict possible major market trend changes. Forex Entry Point can be used for different trading systems and strategies – it is suitable for 5min scalping and longer term trading on 1h, 4h, daily charts. This indicator can be used on any currency pair, however you will get the best results with high volatility pairs like GBP/JPY.
Attributes of Forex Entry Point MT4 indicator:
Currency pairs: all, we recommend major pairs
Trading Time: whole day
Timeframe: all, we recommend H1 or higher
How to use Forex Entry Point indicator no repaint?
These are trading rules for Forex Entry Point indicator.
Buy entry signal
Open long trade (buy) with Forex Entry Point indicator when there was a vertical line of color turquoise and the bar has closed. Exit with the appearance of vertical lines of the opposite color as it forecast trend change.
Sell entry signal
Open short trade (sell) with Forex Entry Point indicator when there was a vertical line of color pink and the bar has closed. Exit with the appearance of vertical lines of the opposite color forecast trend change.
Important note: we have conducted tests to check if Forex Entry Point is no repaint. Our research proved that the indicator sometimes repaints, so changes its past signals. Please take that into consideration and be careful trading with it. Many traders still like it and use it for example in 5 min scalping or support/resistance rebound.
In the package ForexEntryPoint.rar you will get following files:
- FX ENTRY POINT.ex4
- FX ENTRY POINT.mq4
- FX Entry Point.tpl
Download Free Forex Entry Point Indicator for Metatrader 4.
To download the Forex Entry Point indicator for Metatrader 4 (MT4) for free just click the button below: