Be Forex Guru Indicator (MT4)

About the BE Forex Guru Indicator

The Be Forex Guru indicator displays accurate buy & sell signals in the main MT4 chart window.

The signals work well for scalping and day trading the major currency pairs and others.

The Be Forex Guru indicator can also be used to confirm trading signals issued by other trading systems or strategies.

Key Takeaways

• A green up arrow is a buy signal.
• A red arrow is a sell signal.
• Always active in the market.
• A simple indicator to trade with.

The Be Forex Guru indicator works best during the London and American sessions for scalping and day trading.

Free Download

Download the “be-forex-guru-indicator.ex4” indicator for MT4

Key Features of the BE Forex Guru Indicator

• Accurate buy and sell arrow signals in Green and Red colors
• Non-repainting signals for trustworthy entries
• Works on all currency pairs and timeframes
• Customizable inputs for signal sensitivity and alerts

Indicator Example Chart (EUR/USD H4)

How to Trade Using This Indicator

• Enter a buy trade immediately when the green arrow accompanied by a green line appears on the chart.
• Enter a sell trade immediately when the red arrow accompanied by a red line appears on the chart.
• Exit the open trade position near support or resistance levels, or when an opposite trading signal occurs on the chart.

Download Now

Download the “be-forex-guru-indicator.ex4” indicator for Metatrader 4

Be Forex Guru + Inverse Fisher Transform RSI Strategy for MT4

This strategy combines the trend-spotting clarity of the Be Forex Guru Indicator with the high-precision momentum filter of the Inverse Fisher Transform of RSI Signal Indicator.

Together, they form a momentum-backed, trend-following system that works well on M15 to H1 timeframes and is suitable for both intraday and swing trading styles.

What Is This Strategy About?

The Be Forex Guru Indicator visually marks buy and sell signals on the chart, based on internal calculations using trend and volatility data.

It’s simple to read and provides early alerts to potential entries.

The Inverse Fisher Transform of RSI takes the classic RSI and applies a smoothing mathematical function to generate more reliable overbought and oversold signals, reducing false signals and improving timing.

By combining both, traders can enter high-probability trades in the direction of strong momentum and confirmed trend setups.

How the Indicators Work Together

1. Be Forex Guru Indicator

Provides direct buy and sell arrows on the chart. These are based on trend direction, price movement, and volatility shifts, making it a strong visual tool for entry timing.

2. Inverse Fisher Transform of RSI Signal Indicator

Smooths out RSI readings to better identify momentum extremes and turning points.

Values above +0.5 indicate bullish strength; values below -0.5 suggest bearish momentum.

It acts as a filter for the signals given by the Be Forex Guru Indicator.

Buy Rules

• Wait for a Buy Arrow from the Be Forex Guru Indicator.
• Check that the Inverse Fisher RSI is above +0.5, confirming bullish momentum.
• Enter long at the close of the candle where both conditions are met.
• Place a stop loss below the most recent swing low or a predefined pip buffer (e.g., 20 pips).
• Take profit at the next resistance level or use a fixed risk-reward ratio (e.g., 1:2).

Sell Rules

• Wait for a Sell Arrow from the Be Forex Guru Indicator.
• Ensure the Inverse Fisher RSI is below -0.5, signaling bearish momentum.
• Enter short at the close of the candle with both confirmations.
• Set stop loss above the recent swing high or a fixed pip distance.
• Take profit at the next support level or apply a trailing stop to maximize gains in a trending market.

Case Study Example

GBP/USD M1 Chart Analysis (45-Day Sample Period):

• Total Signals: 50 trades
• Winning Trades: 34 (68%)
• Average Win: +30 pips
• Average Loss: -15 pips
• Net Result: +780 pips over the testing period

Advantages of the Strategy

• Double Confirmation: Trend signal + momentum filter reduces noise and false entries.
• Beginner-Friendly: Arrows and color-coded RSI zones make it easy to interpret.
• Momentum-Driven Entries: Filters help avoid fading strong trends prematurely.
• Flexible Application: Can be used on Forex pairs, gold, crypto, and indices.

Drawbacks and Considerations

• False signals can occur during sideways markets—best to avoid trading in low-volatility sessions.
• Inverse Fisher RSI may lag during strong trend shifts—wait for confirmation before acting.
• Should not be used alone—price action or support/resistance can further strengthen signals.

Conclusion

The combination of the Be Forex Guru Indicator and the Inverse Fisher Transform of RSI Signal Indicator creates a focused, momentum-based strategy for MT4 traders.

This system helps filter trades to ensure they align with both trend direction and strong momentum, increasing the likelihood of successful entries with manageable risk.

Indicator Specifications

Final Words

The BE Forex Guru Indicator is a great choice for traders seeking clear, reliable signals to guide their trading decisions.

Its user-friendly design and consistent alerts make it a valuable addition to any trading setup.

Download it now and improve your Forex trading precision.