Win Max Pips Indicator
Platform: MT4 Type: Trend Last update: October 6, 2024Win Max Pips Indicator was developed to help trend-following traders in recognizing and determining the current trend in the forex currency market. This indicator is very helpful as it clearly shows market conditions whether it is uptrend or downtrend and you can get accurate trade ideas based on the trend forecasts. The Win Max Pips will not only find a perfect forex entry point, but it will also provide trade exit points.
What’s more, this tool fits all currency pairs and you can use it with any timeframe of your choice, however with a higher time frame there is a higher accuracy of a trend. Be careful during sideways market conditions.
How to trade with the Win Max Pips indicator?
Below you can find trading rules for Win Max Pips.
Buy signals
The buy signal to open long trade with Win Max Pips indicator:
- The indicator turns green from red and cross above 0 level,
- A bullish candle has formed,
- Set stop loss below the last swing low of the market,
- Take profit when there is an opposite signal – indicator turns red.
Sell signals
The sell signal to open short trade with Win Max Pips indicator:
- The indicator turns red from green and cross below 0 level,
- A bearish candle has formed,
- Set stop loss below the last swing high of the market,
- Take profit when there is an opposite signal – indicator turns green.
