Introduction to the Profit Master V3 Indicator
The Profit Master V3 indicator is a custom forex indicator that displays buy/sell arrows.
When the upward arrow appears it means a possibility of market trend momentum will turn bullish. When the downward arrow appears it means a possibility of market trend momentum will turn bearish.
These arrows do not indicate accurate forex entry points. You will need further confirmation, some kind of technical analysis filter for entry confirmation.
It fits all kinds of timeframes and currency pairs.
The indicator 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 Profit Master V3 indicator in MT4?
Download the Profit Master V3.rar archive at the bottom of this post, unpack it, then copy and paste the Profit Master V3.ex4 or Profit Master V3.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 Profit Master V3 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 Profit Master V3 Indicator
To download the Profit Master V3 Indicator for Metatrader 4 (MT4) for free just click the button below: