Be Forex Guru Indicator

Be Forex Guru Indicator

Be forex guru indicator for MT4 identifies Bullish and Bearish trend and plots arrow-based BUY and SELL forex signals.

The be forex guru indicator for MT4 helps the forex traders identify bullish and bearish market conditions by plotting a green and red color line. Furthermore, the indicator provides Buy and Sell arrow trading signals.

The indicator works well in all intraday time frames and the daily, weekly, and monthly price charts. Moreover, traders can perform the top-down technical analysis using this indicator. New and advanced forex traders can use the indicator effectively. New traders can use the arrow trading signals to BUY and SELL easily. The color of the indicator line helps the new traders to identify the current market trend and trade accordingly. Advanced forex traders can use this indicator for automated trading strategies.

Be Forex Guru Indicator For MT4 Trading Signals

The above GBPUSD H1, candlestick price chart, shows the be forex guru indicator for MT4 in action. The indicator plots the Bearish price trend on the chart as Red and the Bullish market trend as Green. Additionally, the trading indicator provides BUY arrow signals in Green and SELL arrow trading signals as Red. Furthermore, the indicator alerts the traders with pop-up messages or emails.

If the price is bullish, the indicator line turns to Green and provides a Green Up arrow. So, forex traders should place a BUY trade with a stop loss below the previous swing low. Traders can exit with a loss at the opposite arrow trading signal. Forex technical traders can hold the trade as long as the indicator line is bullish and ride the price trend. However, traders should book profits at an opposite arrow trading signal or with a good risk to reward ratio.

Similarly, the indicator line turns from Green to Red if the price is Bearish and provides a Red Down arrow signal. So, forex traders should enter the market with a SELL position with a stop loss above the previous swing high or opposite trading signal. The best strategy for booking profits is to exit at an opposite trading signal or a good risk-reward ratio.

The indicator works well in top-down technical analysis. As higher time frame trends tend to stay longer, forex trend traders should use the higher time frame to identify the primary trend. Technical traders should use the lower time frame charts to determine the best entry point in the direction of the higher time frame. This helps the trader to stay in the direction of the primary trend.

Conclusion
The be forex guru indicator for MT4 is a trend-based technical trading indicator. It helps the traders with arrows based BUY and SELL signals. As a trend-based indicator, the results of the indicator may be limited in a ranging market compared to the trending markets. So, forex traders should trade the bullish and bearish trading signals with caution in a ranging market. Additionally, traders can download the indicator for free and install it easily.