Prodigy Day Trading Indicator

Prodigy Day Trading Indicator

Prodigy Day Trading Indicator For MT4 gives buy and sell forex trading signals with arrows, alerts and differentiates strong trends or minor retracements

The Prodigy day trading indicator for MT4 provides medium and long term forex trend trading signals. Moreover, it differentiates major and minor pullbacks and provides arrows and alerts. Generally, trend based forex indicators are unable to differentiate. As a result, traders can take low risk trades in case they prefer to enter the markets during minor pullbacks.

The indicator is easy to use and works well for new and advanced forex traders. Furthermore, it works on all intraday charts as well as the daily, weekly and monthly price charts.

Prodigy Day Trading Indicator For MT4 Trading Signals

The indicator plots blue line during a bullish market and a majenta line for bearish market. During a major pullback the buy arrows are green and sell arrows are red. However, during a minor pullback both up and down arrows are in darkgoldenrod color.

The trading strategy is based on the color of line and arrows. If traders get a green up arrow when the indicator line is blue, they should consider entering the market with a buy. Oppositely, if the indicator line is majenta a red arrow appears, it indicates the best entry point for a sell position.

The best strategy is to ride the trend and exit the trades at an opposite trading signals or if the arrow color changes to darkgoldenrod color.

Conclusion
In summary, the Prodigy day trading indicator for MT4 helps traders to reduce and control their risk exposure depending upon the trend.