The Prodigy Day Trading Forex indicator for mt4 is an amazing buy & sell signal indicator that keeps you in the most profitable trend.
The indicator pops up in the main MT4 chart window as an array of buy & sell signal arrows.
It can be used for trade re-entry as well and fits both scalpers and day traders.
Buy & sell signal:
- Open a buy position as soon as the first green arrow gets printed on the chart.
- Open a sell position as soon as the first red arrow gets printed on the chart.
- Close and reverse the trade whenever an opposite signal arrives on the chart.
The Prodigy Day Trading Forex indicator can be used for both trade entry and exit or as a trend filter.
For scalping, the indicator performs best during the London and New York trading session.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “Prodigy day trading.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
The picture below shows the Prodigy Day Trading Forex 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 Prodigy Day Trading 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: Signals
Does the indicator repaint? No.
Download Now:
Download the “Prodigy day trading.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
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 Prodigy day trading.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.