Introduction to the Pips FX Gainer Indicator
The Pips FX Gainer Indicator is also know as 100 Pips FX Gainer. It is a complete trading tool designed mainly to trade the forex market profitably and consistently. The indicator is based on a special system that predicts the price movement in advance. The main principle of the indicator is the price action system + custom mt4 indicators – all in one! Creators of the system claim that the hit rate of this indicator is up to 85+%! We advise you to read the manual and make sure you understand the entire system and put it into practice before going live trading with real money.
The Pips FX Gainer Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below 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.
Example trade with the Pips FX Gainer Indicator
Below is the screenshot of an example trade with the Pips FX Gainer Indicator.
First of all, recognize the overall market trend. In this case, it is clearly a downtrend, which is additionally confirmed with Exponential Moving Average. The trades are triggered when the Pips FX Gainer indicator changes its color. In this particular example, it changed from blue to white during a downtrend, so we placed adequate sell trade.
How to set up the Pips FX Gainer indicator in MetaTrader (MT4)?
Download the Pips FX Gainer.rar archive at the bottom of this post, unpack it, then copy and paste the Pips FX Gainer.ex4 or Pips FX Gainer.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 Pips FX Gainer 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 Pips FX Gainer Indicator
To download the Pips FX Gainer Indicator for Metatrader 4 (MT4) for free just click the button below: