Shopping Cart

$

Entry Signal

Categories: , Version: Model:

Entry Signal Indicator

Entry Signal++ Indicator for MT4 provides BULLISH and BEARISH BUY and SELL arrow signals and alerts for forex trading. Free to download and install.

The Entry Signal Indicator for MT4 is a trend following indicator. It identifies the BULLISH and BEARISH market trends and provides BUY and SELL arrow trading signals. The indicator not only provides BULLISH and BEARISH signals but also indicates the neutral or FLAT nature of the market. So forex traders can understand the presence or absence of the price trend and apply technical trading strategies accordingly.

The indicator works on all intraday chart time frames as well as daily, weekly, and monthly price charts. So forex traders can use the indicator to trade multi-time frame (mtf) technical trading strategies. The indicator is best suited for new and advanced forex traders. New traders can identify the trend direction; find the best entry point with the arrow signals. Moreover, they can identify the stop loss and take profits easily. However, advanced forex traders can apply complex trading strategies and trade in confluence with support, resistance, channel, and trend lines for best trading results.

Entry Signal Indicator For MT4 Trading Signals

The above AUDCAD H4 price chart shows the Entry signal++ indicator for MT4 in action. The indicator displays the BUY arrow trading signals and the BULLISH bars in BLUE. Similarly, shows the SELL arrow signals and the BEARISH bars as RED. As it does not change the color of neutral bars, the neutral bars are displayed in GREEN.

The indicator changes the bar color and provides a BLUE arrow indicating the beginning of a BULLISH price trend. So forex traders can enter a BUY position with a stop loss at the end of the previous downtrend or the first bar of the neutral trend. This helps the trader to avoid whipsaws and to have a decent stop loss. On the other hand, traders can continue to hold the position and ride the trend until the bar color changes to neutral or RED.

Similarly, if the bar color changes to RED and simultaneously a RED arrow signal appears it indicates the beginning of a BEARISH market trend. At this moment, forex traders can place a SELL trade and enter the market in a downward direction. The best stop loss can be placed above the last bar of the previous uptrend or at the first bar of the previous neutral trend. However, forex traders can use the trading signals to follow the trend and stay in the downtrend until the bar color changes to neutral or opposite signal color.

Trends identified in higher time frames tend to be more stable and last longer than their smaller counterparts. So forex traders can identify the trend direction in a higher time frame and enter the markets in a lower time frame with the best possible entry.

Conclusion
Forex traders can trade the Entry Signal++ indicator for MT4 as a standalone indicator as it provides the entry and exit points. But, for best results, forex traders should use the indicator in confluence with other technical tools. Additionally, traders can download the indicator for free and install it easily.

Reviews

There are no reviews yet.

Be the first to review “Entry Signal”