Buy And Sell Forex Signal Indicator (MT4)

About the Indicator

The Buy and Sell Forex Signal Indicator for MT4 is designed to provide clear and straightforward entry signals for traders of all levels.

It generates real-time buy and sell arrows directly on your chart, helping to simplify decision-making and reduce emotional trading.

This non-repainting tool works effectively on all timeframes and trading instruments.

It’s ideal for traders who want a simple signal system to identify high-probability setups quickly and efficiently.

Key Features

• Generates real-time buy and sell signals using arrow markers
• Non-repainting, all signals stay fixed after appearing
• Can be used for scalping, day trading, or swing trading
• Works on any currency pair, index, metal, or crypto
• Minimal configuration and beginner-friendly setup

Free Download

Download the “BuySellIndicators.mq4” indicator for MT4

Benefits of Using the Indicator

• Reduces analysis time by giving clear signals
• Eliminates emotional trading with objective entries
• Easy to combine with other tools like moving averages or support/resistance
• Perfect for part-time traders needing a quick signal system
• Effective for identifying momentum-based opportunities

Indicator Example Chart (EUR/USD Daily)

The image below shows the indicator in action, plotting buy and sell arrows at turning points based on its built-in logic.

How to Trade Using This Indicator

Buy Entry

• Wait for a blue buy arrow to appear on the chart
• Optionally confirm trend direction with a moving average or support zone
• Enter a long trade at the close of the signal candle

Sell Entry

• Wait for a red sell arrow to appear on the chart
• Confirm with resistance area or momentum shift (optional)
• Enter short when the candle with the arrow closes

Stop Loss

• For buys: place SL below the most recent swing low
• For sells: place SL above the most recent swing high

Take Profit

• Use a fixed risk/reward setup (1:2 or higher)
• Alternatively, exit on the opposite signal

Pros

• Non-repainting logic ensures consistent results
• Works on all Forex pairs and timeframes
• Can be used alone or with confirmation indicators

Cons

• May produce signals in ranging markets if not filtered
• Should be combined with basic market context for best results

Download Now

Download the “BuySellIndicators.mq4” indicator for Metatrader 4

Buy & Sell Forex Signal + Inverse Fisher Transform RSI Signal Strategy (MT4)

This strategy combines the straightforward signals of the Buy and Sell Forex Signal Indicator with the momentum clarity from the Inverse Fisher Transform of RSI Signal Indicator.

The synergy of clear entry signals and RSI-based momentum filtering helps traders capture higher-probability trades by aligning momentum and price direction.

What This Strategy Is About

The Buy and Sell Forex Signal Indicator provides direct buy and sell alerts based on price action and moving average crossovers.

Meanwhile, the Inverse Fisher Transform RSI refines entries by converting RSI values into a smooth oscillator that highlights momentum shifts with high sensitivity.

Using both ensures trades enter in strong momentum zones and avoid choppy or weak trends.

Buy Rules

• Wait for a buy signal from the Buy and Sell Forex Signal Indicator.
• Confirm the buy with the Inverse Fisher RSI line colored blue.
• Enter a buy trade at the next candle open after both conditions are met.
• Set Stop Loss below the recent swing low or recent support.
• Set Take Profit at the next resistance level or use a 1:2 risk-reward ratio.

Sell Rules

• Wait for a sell signal from the Buy and Sell Forex Signal Indicator.
• Confirm the sell with the Inverse Fisher RSI line colored red.
• Enter a sell trade at the next candle open after confirmation.
• Set the Stop Loss above the recent swing high or resistance.
• Set Take Profit at the next support level or use a 1:2 risk-reward ratio.

Case Study 1

EUR/USD H1 Chart Analysis (50-Day Sample Period):

• Total Signals: 40 trades
• Winning Trades: 26 (65%)
• Average Win: +45 pips
• Average Loss: -20 pips
• Net Result: +890 pips over the testing period

Case Study 2

GBP/USD M30 Chart Analysis (25-Day Sample Period):

• Total Signals: 55 trades
• Winning Trades: 34 (61.8%)
• Average Win: +30 pips
• Average Loss: -14 pips
• Net Result: +726 pips over the testing period

Advantages

• Combines clear price action signals with momentum confirmation.
• Helps avoid false entries in sideways or weak trending markets.
• Works well across multiple timeframes and major currency pairs.

Drawbacks

• Some signal lag due to indicator calculations.
• May miss quick reversals if momentum confirmation delays entry.
• Requires discipline in waiting for dual confirmation.

Strategy Conclusion and Tips

This combined indicator strategy offers a balanced approach between simplicity and momentum-based accuracy.

Best used on M30 to H1 charts during active market hours, it suits traders looking for clean setups with solid risk management.

Always test on demo accounts and adjust stop loss/take profit levels based on pair volatility.

Indicator Specifications

FAQ

Does the indicator repaint?

No, all signals are fixed and do not repaint after the candle closes.

Can I use it for scalping?

Yes, it works well for scalping on low timeframes like M1 to M15.

What other indicators work well with this?

You can combine it with EMA, RSI, MACD, or support/resistance levels for added confirmation.

Final Words

The Buy and Sell Forex Signal Indicator is a straightforward yet powerful tool for identifying trade entries in any market.

It’s especially useful for traders who want quick decisions without complex analysis.