The Bull/Bear Forex Signal indicator for mt4 (Metatrader 4) is a popular buy & sell signals tool that follows the major currency trend.
The indicator appears in a sub-MT4 window as blue and magenta colored histogram bars.
The indicator can be used in various ways. I will present you with a simple example below:
Buy & Sell Trade Example
- Open a buy trade as soon as the first blue histogram bar appears on the chart.
- Open a sell trade as soon as the first magenta histogram bar appears on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “SEFC084.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Bull/Bear Forex Signal mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
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: Bull/bear
Does the indicator repaint? No.
