The Gimmebar indicator for Metatrader 4 (MT4) is an oscillator that provides buy and sell signals that can be used for precise trade entry and exit.
The indicator works very well for scalping and day trading the currency market.
The indicator pops up in a separate MT4 chart window as a red signal line that oscillates above and below the 0.00 neutral level.
Buy & Sell Trade Example
- A buy signal occurs whenever the red signal line crosses the 0.00 midpoint bottom-up.
- A sell signal occurs whenever the red signal line crosses the 0.00 midpoint top-down.
- Reverse the position as soon as an opposite trading signal appears on the chart.
The Gimmebar indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “gimmebar-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Gimmebar 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 Gimmebar 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: Buy/sell oscillator
Does the indicator repaint? No.
Download Now
Download the “gimmebar-indicator.mq4” indicator for Metatrader 4
