FX Pips Predator MT4 Forex Indicator
This Indicator will make your analysis much more precise and your trades more accurate. Thanks to the smart trend analysis calculation mechanism, you will recognize the trending market and you will be able to open transactions in line with the big traders.
FX Pips Predator MT4 Forex Indicator can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1 minutes through to the 4-hour charts.
How to Use this MT4 Forex Indicator
The Pips Predator Signals are very easy to follow. All you have to remember is:
The direction of an arrow tells you whether you will be buying (Up Green Arrow) or selling (Down Blue Arrow) to open a new position.
Cross tells you that you will be exiting your open trade (Pink cross means to exit the half of the open trade Lot), and Red cross means the remaining half of the trade. If only the red cross appears then you sell your whole position at that point).
Tip for Beginners: Start by keeping things simple. Just set the stop loss (trailing) as your exit and don’t worry about the pink or red crosses. More on trailing stop losses below. That way you don’t need to watch the screen at all.
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And remember that you actually execute the trade when the price moves through the subsequent horizontal line after the arrow or cross.
Open a Buy trade when the price moves through the blue line.
Close the Buy trade when the price moves through the yellow line.
Open a Sell trade when the price moves through the green line
Close the Sell trade when the price moves through the red line
Stop Loss
To make your trading easier this indicator shows the suggested stop-loss and where to half close your order. Or where to put your trailing stop loss. That way you can leave the screen.
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