Win 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.
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.
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.
How to install the Win Max Pips indicator on your Metatrader 4 trading plaftform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the win max pips indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on gfk winmaxpips.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
Win Max Pips Indicator Free Download
To download the Win Max Pips indicator for Metatrader 4 (MT4) for free just click the button below: