60 Second Trading Signals Indicator

60 Second Trading Signals Indicator

60 Second Trading Signals Indicator For MT4 provides buy and sell forex trading signals based on the classic ADX MetaTrader indicator

The 60 seconds trading signals indicator for MT4 provides dot based buy and sell forex trading signals. However, the signals are generated by a 14 period classic ADX indicator. Forex traders can use this indicator for technical analysis and buy and sell based on the signals.

The indicator signals are based on green and red dots, and are suitable for new and advanced forex traders. Though the indicator name is 60 seconds, traders can apply it to any chart time frame. It works on all intraday charts from 1 minute chart to daily, weekly and monthly charts.

60 Second Trading Signals Indicator For MT4 trading Signals

The indicator plots green dots for buy signal and red dots for sell signal. Traders should place a buy trade upon the formation of a green with a stop loss below the previous swing low. Conversely, upon a red dot traders shall enter a sell position with a stop loss above the previous swing high. Traders should book profits upon a opposite trading signal or exit with a good risk reward ratio.

As the name suggests, traders can use the indicator on lower time frame charts. In fact, trading signals based on the one minute or five minute trading price charts are suitable for scalpers. Furthermore, 15 minute or 30 minutes trading signals will serve well for the intraday forex traders. On the other hand, hourly and four hour charts are useful for the short term forex traders.

Since the indicator is based on ADX indicator, traders can use this for additional confirmation of technical analysis.

Conclusion
The 60 second trading signals indicator for MT4 works using the ADX indicator and provides profitable buy and sell forex trading signals.