The Matador Forex Profit indicator for Metatrader 4 is a counter-trend buy/sell signals trading tool that works out of the box.
The indicator pops up in the main MT4 chart in the form of buy and sell arrows and in a bottom chart as a trend histogram.
Buy & Sell Trade Example
- A blue arrow is a buy signal.
- A yellow arrow is a sell signal.
The Matador Forex Profit indicator can be used for trade entry and exit or as an additional signal filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Matador.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Matador Forex Profit mt4 indicator in action.
After you downloaded and installed this indicator to the trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Matador Forex 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: Signals
Does the indicator repaint? No.
