Introduction to the Laser Forex Reversal Indicator
The Laser Forex Reversal Indicator is a custom forex trend reversal indicator.
It is really simple to use, just follow the arrows – buy when there is an upward arrow and sell when the is a downward arrow. Additionally, the triggering candles will be marked in a rectangle.
Please note, that this indicator is not giving a lot of trades. However, the ones that are placed are pretty solid.
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.
Must-see: MT4 Forex Reversal Indicator
How to set up the Laser Forex Reversal indicator in MT4?
Copy and paste the laser-forex-reversal-indicator.ex4 or laser-forex-reversal-indicator.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 Laser Forex Reversal 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.
Laser Forex Reversal Indicator Free Download
To download the Laser Forex Reversal Indicator for Metatrader 4 (MT4) for free just click the button below: