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The Forex Sniper Buy/Sell trading system for MT4 consists of just one technical indicator and provides great trade entry and exit signals.
When used correctly, the win rate exceeds 75% over a prolonged trading period.
System Components
The indicator is a complete Forex system and appears in both the main chart and a bottom chart.
The bottom chart part reveals trend direction:
Red trend bars indicate a bearish trend, yellow bars a sideways trend and the green colored bars a bullish trend.
The actual buy and sell trade entry arrows appears in the main screen:
Green arrows are buy signals while red arrows sell signals.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Complete Forex system
- Non-repaint trading signals
- Beginner friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple buy/sell entry confirmation tool.
Free Download
Download the “Forex Buy Sell Sniper V15.0.ex4” MT4 indicator
Indicator Example Chart
The AUD/USD 5-minute chart below shows the Forex Sniper Buy/Sell trading system in action.
Basic Trading Signals
Signals from this trading system for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- A valid buy signal is given when the bottom chart is colored green and a green arrow appears in the main screen (see chart).
- Place the stop loss below the blue trading support line.
- Take profit when the price reaches key resistance.
SELL:
- A valid sell signal is given when the bottom chart is colored red and a red arrow appears in the main screen.
- Place the stop loss above the red trading resistance line.
- Take profit when the price reaches key support.
Download This Forex Indicator
Download the “Forex Buy Sell Sniper V15.0.ex4” MT4 indicator
Adjustable Parameters & Settings
Period, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: Signals
How to install this buy/sell Forex system in Metatrader 4?
- Copy and paste the Forex Buy Sell Sniper V15.0.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
- Close and restart the trading platform
- Add the indicator to a chart to get started
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button
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