The Forex Sniper Profit indicator for Metatrader 4 can be classified as a trend oscillator that delivers easy to follow buy & sell signals.
In essence, it follows the overall market trend.
The indicator pops up in a separate MT4 chart window in the form of a yellow and green colored middle line (0.00 level) + two signal lines.
Forex Sniper Profit is very reliable, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- Enter long when the 0.00 middle line turns back to red color.
- Enter short when the 0.00 middle line turns back to green color.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Profit Indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Forex Sniper Profit mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Sniper Profit indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
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Download the “Profit Indicator.mq4” indicator for Metatrader 4
