The Gladius Forex Signal indicator for Metatrader 5 provides buy and sell signals, along with trading strategy-defined stop loss and take profit objectives.
The trading signals appear on the price chart, marked by arrows indicating buying and selling actions, complemented by suggested stop loss and take profit levels.
Furthermore, the indicator displays the win/loss rate in the upper left part of the trading screen.
This indicator is engineered to perform optimally across all timeframes and can be effectively applied to a wide array of trading instruments, tailored to your personal preference.
Buy & sell signal explained:
- The blue colored arrow generates a buying opportunity.
- The magenta colored arrow generates a selling opportunity.
The indicator includes several inputs and parameters, such as ATR multiplier for take profit, ATR multiplier for stop loss, colors, and more.
Becoming familiar with the Gladius Forex Signal indicator and thoroughly testing it on a demo account for an extended period is advisable.
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The picture below illustrates what the Gladius Forex Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs Trading With The Gladius Forex Signal Indicator?
Find a simple trading strategy below:
- Wait for the Gladius buy signal to appear on the chart.
- Execute a buy market order and set the stop loss and take profit targets accordingly.
- Wait for the buy trade to reach the take profit targets.
- Wait for the Gladius sell signal to appear on the chart.
- Execute a sell market order and set the stop loss and take profit targets accordingly.
- Wait for the sell trade to reach the take profit targets.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Gladius Indicator.ex5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration