Super Forex Launcher Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Super Forex Launcher Indicator

The Super Forex Launcher indicator actually is a set of indicators that utilizes slope channel trading.

First, it recognizes the overall trend, and then the indicator takes into account the slope of the channel. Together it generates trading signals that go as follows:

A buy signal happens when the general trend is bullish and the slope of the channel is upward.
A sell signal happens when the general trend is bearish and the slope of the channel is downward.

The SF provides notifications in the top right corner of the chart.

For example: the channel is powerful – S/R levels in action. Take only long trades.

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 Super Forex Launcher indicator in MT4?

Installation Guide

Copy and paste the following indicator files into the MQL4 folder of the Metatrader 4 trading platform:
Launcher Directional Indicator.ex4
Launcher Insight Indicator.ex4
Launcher TRX Final.ex4

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.

There is also a Super Forex Launcher.tpl template file that you can use.

Bottom Line

The Super Forex Launcher 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.