Winning Forex Signals is a free mt4 (Metatrader 4) indicator that displays awesome buy and sell signals on the chart with the help of a trend channel.
The indicator pops up the main MT4 chart window as a trend channel indicator with the buy and sell signals plotted on the chart.
Buy & Sell Trade Example
- Open a buy trade as soon as the green buy arrow appears on the chart.
- Open a new sell trade as soon as the red sell arrow appears on the chart.
- Close the position at the opposite channel band.
The Winning Forex Signals indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “forex-signals.mq4” indicator for MT4
Indicator Chart (EUR/AUD M15)
The example chart below displays the Winning Forex Signals mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Winning Forex Signals 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.
