The Magic Dots Forex Signal indicator for Metatrader 4 deploys a trend-following trade logic and delivers buy/sell dots on the chart.
The indicator pops up in the main MT4 chart window in the form of blue and red colored signal dots.
Buy & Sell Trade Example
- Go long when the blue signal dot gets printed on the chart.
- Go short when the red signal dot gets printed on the chart.
The Magic Dots Forex Signal indicator can be used for both trade entry and exit or as a confirmation 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 “Magic_dots_2_mtf_alerts.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The picture below shows the Magic Dots Forex Signal 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 Magic Dots Forex Signal 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.
Download Now
Download the “Magic_dots_2_mtf_alerts.mq4” indicator for Metatrader 4
