The Kaufman 3 Signal Forex indicator for Metatrader 4 can be categorized as a crossover system that’s based on the Kaufman trading method.
The indicator can be used as a standalone trading tool for both trade entry and exit or as an additional trend filter that works together with an existing system.
Kaufman 3 appears in the main MT4 chart window in the form of a white and purple colored signal line.
Buy & Sell Trade Example
- A buy signal occurs when the white signal line crosses the purple signal line bottom-up.
- A sell signal occurs when the white signal line crosses the purple signal line top-down.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Kaufman3.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Kaufman 3 mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Kaufman 3 Forex indicator.
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: Trend
Does the indicator repaint? No.
