Introduction to the Massive FX Profit Indicator
The Massive FX Profit Indicator is a profitable buy/sell arrows indicator that comes with a handy dashboard.
That dashboard measures trend strength and displays the results in the upper left corner of the main chart. Additionally, you will find there some basic data like direction, last signal, currency pair, timeframe, time and date.
Trading signals are simple and easy to follow – you just need to trade according to the arrows and trend direction.
When used properly and during favorable market conditions, that tool is capable of generating good profits. It is suitable for different forex approaeches as swing traders, day traders and scalpers can benefit from this incredible forex indicator. Sometimes you may catch some massive moves.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by that gauge are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
It isn’t recommended to take any trades when trend strength is weak. Better wait for the next opportunity. For better performance focus on strong trends.
Buy Trade with Massive FX Profit
Open long trade when a green or blue arrow appears on the chart AND trend strength is strong (confirmed by information provided in the dashboard). Place your stop loss a few pips below the last swing low. Take profit or close your position when the opposite signal occurs, or use your own preferred method of trade exit.
Sell Trade with Massive FX Profit
Sell Entry: Open short trade when a red or orange arrow appears on the chart AND trend strength is strong (confirmed by information provided in the dashboard). Place your stop loss a few pips above the last swing high. Take profit or close your position when the opposite signal occurs, or use your own preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Example of EUR/CAD H4 Chart
This screenshot below shows an example of Massive FX Profit in action.
How to set up the Massive FX Profit indicator in MT4?
Download the Massive FX Profit.rar archive at the bottom of this post, unpack it, then copy and paste the Massive FX Profit.ex4 or Massive FX Profit.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 Massive FX Profit 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.
Download Free Forex MT4 Massive FX Profit Indicator
To download the Massive FX Profit Indicator for Metatrader 4 (MT4) for free just click the button below: