Introduction to the Kung Fu Pips Indicator
The Kung Fu Pips Indicator is advertised with the following slogan: “Harness The Devastating Force And Accuracy For Explosive FX Profits”. In fact, the Kung Fu Pips indicator provides buy/sell arrows as trading signals. Once an arrow is plotted, one should open a corresponding trade. Keep in mind that these arrows are not always perfect entry points, but eventually price should move in the suggested direction.
The Kung Fu Pips Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on 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 Kung Fu Pips indicator in MetaTrader (MT4)?
Download the Kung Fu Pips.rar archive at the bottom of this post, unpack it, then copy and paste the Kung Fu Pips.ex4 or Kung Fu Pips.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 Kung Fu Pips 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 Kung Fu Pips Indicator
To download the Kung Fu Pips Indicator for Metatrader 4 (MT4) for free just click the button below: