The Stop and Reverse Forex indicator for Metatrader 4 is an easy to use signals indicator that’s always active in the market, either with a buy or sell trade.
After loading the indicator to the chart, the buy and sell trends will appear on the chart.
Trading with this indicator is utterly simple, even for newbie traders:
- A buy trend occurs when the red and blue colored dots are positioned below the candlesticks.
- A sell trend occurs when the red and blue colored dots are positioned above the candlesticks.
Whenever the trend changes, the dots will switch position and the open trade needs to be closed and reversed.
Free Download
Download the “auto-stop-revers-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Open a buy trade as soon as the first blue or red dot appears below the candlestick.
Open a sell trade as soon as the first blue or red dot appears above the candlestick.
Exit the open trade whenever the opposite trading signal appears on the chart.
Feel free to use your own favorite trading method to open and close trades with the Stop and Reverse Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Range, ATR, color settings & style
Indicator type: Stop and reversal signals
Repaint? Does not repaint the buy and sell dots on the chart.
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Download the “auto-stop-revers-indicator.mq4” indicator for Metatrader 4
Usage:
Works for scalping, day trading and swing trading style.
The Stop and Reverse indicator can be categorized as a standalone trading system.
Installation:
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 auto-stop-revers-indicator.mq4 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.
