The BBands Stop Alert Forex indicator for MT4 represents a solid trend trading buy & sell indicator that’s always active in the market.
The indicator appears as buy and sell arrows with suggested stop loss line on the activity chart.
This is a very popular indicator among currency traders of all kind.
Key Takeaways:
- A green BBands Stop Alert indicator arrow represents a buy signal.
- A yellow BBands Stop Alert indicator arrow represents a sell signal.
- The indicator always active in the market.
- Good for any trade style.
Free Download:
Download the “bbands-stop-alert-indicator.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H4)
Trading Signals (example):
Execute a buy trade as soon as the green signal arrow appears on the chart. Trail your stop loss up just underneath the green stop loss line.
Execute a sell trade as soon as the yellow signal arrow appears on the chart. Trail your stop loss down just above the yellow stop loss line.
Close and reverse the position whenever an opposite trading signal arrives on the chart, or exit the open trade for a fixed profit target.
Feel free to use your own favorite trading method or system to open and close trades with the BBands Stop Alert 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: Length, deviation, money risk, signal, line bars, color settings & style
Indicator type: Signal
Repaint? No.
Download Now:
Download the “bbands-stop-alert-indicator.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The BBands Stop Alert indicator will deliver standalone trading signals.
The indicator can be used together with any strategy or system of your preference.
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 bbands-stop-alert-indicator.ex4 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.
