About the Do Not Trade Forex Indicator
Do Not Trade Forex is a free mt4 (Metatrader 4) signals indicator that indicates you when to trade and when to stay out of the market.
The indicator analyzes the chart and will alert you when there’s a new trade opportunity, either a buy or sell.
Buy & sell signals
- A BUY signal in the upper right corner of the chart represents a new buy trade.
- A SELL signal in the upper right corner of the chart represents a new sell trade.
- If nothing is being displays, do not trade!
The Do Not Trade indicator can be used for both entry and exit signals or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
Free Download
Download the “do-not-trade-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
The example chart below displays the Do Not Trade mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Do Not Trade Forex 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 “do-not-trade-indicator.mq4” indicator for Metatrader 4
