Buy & Sell Signals Forex Sniper Indicator (MT4)

About the Indicator

The Forex Sniper Buy/Sell Signals Indicator for MT4 is a powerful and easy-to-use tool designed to help traders pinpoint precise entry and exit opportunities.

Whether you’re scalping short-term moves or trading longer-term trends.

It plots buy and sell arrows directly on your chart, helping reduce guesswork and improving decision-making. Ideal for both beginners and experienced traders.

The indicator works best in trending markets.

The signals are easy to trade

• A buy signal is given when the green colored signal arrow is printed on the chart.
• A sell signal is given when the red colored signal arrow is printed on the chart.

Key Features

• Generates real-time buy and sell signal arrows
• Works on any currency pair or trading instrument
• Compatible with all timeframes
• Non-repainting and reliable signals
• Can be used for scalping, day trading, and swing trading

Free Download

Download the “buy-sell-signals.mq4” indicator for MT4

Benefits of Using the Indicator

• Provides clear, rule-based trading signals
• Reduces emotional trading and improves consistency
• Saves time on manual analysis
• Helps beginners get started with a minimal learning curve
• Works well on trending and ranging markets

Indicator Example Chart (EUR/USD Daily)

Below is an example of the Forex Sniper Indicator in action on a live chart. Notice how the arrows appear at logical turning points, simplifying the decision-making process.

How to Trade Using This Indicator

Buy Entry

• Wait for a green buy arrow to appear on the chart.
• Confirm the trend direction with your preferred method (optional).
• Enter the trade at the close of the signal candle.

Sell Entry

• Wait for a red sell arrow to appear on the chart.
• Optionally confirm the signal using trend or momentum indicators.
• Enter the trade at the close of the signal candle.

Stop Loss

• Set stop loss just below the recent swing low for buy trades.
• Set stop loss just above the recent swing high for sell trades.

Take Profit

• Use a fixed risk/reward ratio like 1:2 or 1:3.
• Alternatively, trail your stop loss as the trade moves in your favor.

Pros

• Easy to install and use
• No repainting – all signals remain fixed
• Effective across multiple timeframes and market conditions
• Useful for both new and experienced traders

Cons

• May give false signals during high-impact news events
• Works best when combined with additional confirmation tools

Download Now

Download the “buy-sell-signals.mq4” indicator for Metatrader 4

Sniper Buy/Sell + HMA Mega Trend Arrows Strategy (MT4)

This powerful trend-trading system combines two effective MT4 indicators: the Buy Sell Signals Forex Sniper Indicator and the HMA Mega Trend Arrows Indicator.

Together, they provide crystal-clear entries based on trend momentum and sniper-style confirmation signals.

This strategy is perfect for traders who want to follow the trend without relying on complicated price action setups.

What This Strategy Is About

The Forex Sniper Indicator delivers high-probability buy and sell signals using a combination of moving averages, RSI, and momentum filters.

The HMA Mega Trend Arrows Indicator helps confirm these signals by using smoothed Hull Moving Averages to draw clear up and down trend arrows.

By combining both, the system avoids false signals and improves trend alignment, especially on intraday timeframes like M15 to H1.

Buy Rules

• Wait for a green “Buy” signal from the Forex Sniper Indicator.
• Confirm the signal with an upward green arrow from the HMA Mega Trend Arrows Indicator.
• Enter the buy trade at the next candle open after both signals are present.
• Set Stop Loss below the last swing low or 15–25 pips (depending on timeframe).
• Set Take Profit at the next resistance level or use a 1:2 risk-reward ratio.

Sell Rules

• Wait for a red “Sell” signal from the Forex Sniper Indicator.
• Confirm with a downward red arrow from the HMA Mega Trend Arrows Indicator.
• Enter the sell trade at the next candle open.
• Set Stop Loss above the recent swing high or use a 15–25 pip buffer.
• Set Take Profit at a support level or use a 1:2 R:R strategy.

Case Study 1

EUR/USD M15 Chart Analysis (10-Day Sample Period):

• Total Signals: 62 trades
• Winning Trades: 40 (64.5%)
• Average Win: +30 pips
• Average Loss: -14 pips
• Net Result: +892 pips over the testing period

Case Study 2

USD/JPY H1 Chart Analysis (3-Week Sample Period):

• Total Signals: 28 trades
• Winning Trades: 18 (64.3%)
• Average Win: +66 pips
• Average Loss: -28 pips
• Net Result: +908 pips over the testing period

Advantages

• Clear entry and exit signals—no guessing or over-analyzing.
• Dual-confirmation reduces false entries during choppy markets.
• Works well across trending pairs and volatile sessions.

Drawbacks

• Signal lag may cause late entries in fast-moving markets.
• Not suitable for low-volatility or sideways markets.
• Requires confirmation from both indicators—may miss some quick trades.

Strategy Conclusion and Tips

This system is excellent for traders looking for trend continuation entries with minimal discretion.

By using the Forex Sniper and HMA Arrows together, you get the benefit of accuracy and visual clarity.

Best results occur during the London and New York sessions on trending pairs like EUR/USD, USD/JPY, or GBP/JPY.

• Avoid trading during major news releases or low liquidity periods.
• Use this strategy on M15 to H1 charts for optimal performance.
• Backtest it on your preferred currency pair to fine-tune SL/TP settings.

Indicator Specifications

FAQ

Is the indicator free?

Yes, this MT4 indicator is completely free to download and use.

Can I use this for scalping?

Yes, it performs well on lower timeframes such as M1, M5, and M15 for scalping strategies.

Does it repaint?

No, once a signal appears, it does not change or disappear later.

Is this suitable for beginners?

Yes, the indicator is easy to use and does not require advanced technical analysis skills.

Final Words

The Forex Sniper Buy/Sell Signals Indicator is a simple yet effective tool to help you spot trade setups faster and with more confidence.

With no repainting and clear arrows, it’s a great addition to your MT4 toolkit — especially if you’re looking for a plug-and-play solution to support your strategy.