The Tornado MT4 Software indicator is developed for Metatrader 4 and represents a complete Forex trading solution that works for all currency traders.
The Forex Tornado indicator analyses the price chart and provides clear trade entry levels (buy & sell) along with suggested stop loss and take profit.
How it works?
- A blue bullet is the actual buy trade entry price while a red bullet the actual sell trade entry price.
- The stop loss and take profit levels will automatically appear on the chart.
- The Tornado MT4 Forex system comes with multiple alerts (pop-up, email, push).
Key Points
- Complete Forex trading system.
- Easy to trade with Tornado MT4 software.
- Comes with stop loss and take profit levels.
- Well worth adding to your indicator collection.
The Tornado MT4 Software indicator can work together with any existing trading strategy or system as an additional trend confirmation indicator.
Free Download
Download the “Tornado MT4 Indicator.ex4” MT4 indicator
Indicator Example Chart
The USD/JPY M30 chart below shows the BB Rainbow indicator in action.
Basic Trading Signals
Signals from the Tornado MT4 Software indicator are easy to interpret and goes as follows:
BUY:
- A buy signal is given when the blue bullet appears on the main chart.
- Place your stop loss for buy trades at the suggested stop loss level.
- Take profit for buy trades at the suggested take profit level.
SELL:
- A sell signal is given when the red bullet appears on the main chart.
- Place your stop loss for sell trades at the suggested stop loss level.
- Take profit for sell trades at the suggested take profit level.
Download This Forex Indicator
Download the “Tornado MT4 Indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Turn alerts on?, alerts should show pop-up messages, email alerts, push notification, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Supported currency pairs: Any
Trading Platform: Metatrader 4 (MT4)
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trading signals
How to install the BB Rainbow indicator in Metatrader 4?
- Copy and paste the Tornado MT4 Indicator.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button
