The BB Flat Forex Signals indicator for MT4 works well for scalping and day trading pairs. It’s a profitable indicator.
The indicator consists of a blue signal line and an upper and lower dynamic borders.
Buying and selling currency pairs with this indicator is easy and straightforward.
Key Takeaways:
- A buy signal occurs as soon as the blue signal line closes above the upper red border line.
- A sell signal occurs as soon as the blue signal line closes below the lower red border line.
- Works well for scalping and day trading.
- Easy to trade with this indicator.
For scalping and day trading purposes, the indicator tends to work the best on the M5, M15 and H1 trading charts.
Free Download:
Download the “Flat_trend.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H4)
Trading Signals (example):
Open a buy trade as soon as the BB Flat indicator’s blue signal line closes above the upper red dynamic border line.
Open a sell trade as soon as the BB Flat indicator’s blue signal line closes below the lower red dynamic border line.
Exit the open position for a fixed profit target, or near round numbers.
Feel free to use your own favorite trading method or system to open and close trades with the BB Flat Forex indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Period, shift, method, price, deviation, color settings & style
Indicator type: Signal
Repaint? No.
Download Now:
Download the “Flat_trend.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Flat_trend.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
