The Sadukey Forex indicator for Metatrader 5 is a popular buy & sell trend signals tool that works for any currency pair and time frame.
The indicator appears in the price chart as a series of colored candles that appear above and below the actual candlesticks.
The Sadukey trade logic works as follows:
- The market state is bullish when the green colored Sadukey candle appears below the candlestick.
- The market state is bearish when the brown colored Sadukey candle appears above the candlestick.
The indicator allows customizing the following settings and parameters: buy and sell colors.
The Sadukey indicator works for any trading instrument that can be loaded in the Metatrader 5 platform.
For M1 and M5 chart traders: deploy the indicator on the lower spread pairs and use it during the London and New York trading sessions.
Please make yourself familiar with this technical indicator and test it first on a demo account before using it on a real account.
It supports all time frames and Forex pairs.
Free Download
Chart Example
The following chart shows how the Sadukey indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Sadukey Signal Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal arises when the green colored Sadukey candle appears on the price chart.
- Open a buy trade and place a protective stop loss below technical support.
- Exit the long trade for a fixed profit target, or wait for the brown colored bearish Sadukey reversal candle.
Sell Signal
- A sell signal arises when the brown colored Sadukey candle appears on the price chart.
- Open a sell trade and place a protective stop loss above technical resistance.
- Exit the sell trade for a fixed profit target, or wait for the green colored bullish Sadukey reversal candle.
