Super Signal Forex Indicator MT4

Super Signal Forex Indicator MT4

How To Trade With Super Signal Forex Indicator
Super Signal Forex Indicator MT4 Free Download
The above chart shows how the Super Signal forex indicator would appear on your MT4 chart. The indicator may be a stand-alone tool to trade the forex market. But we recommend you use it in synergy with other trading indicators or price action for better-winning trades.

Super Signal paints a BUY/SELL signal as a RED/YELLOW arrow. The appearance of the YELLOW arrow signifies a possible bearish move, while the RED arrow indicates a possible bullish move. So, in essence, you BUY when the yellow arrow appears and SELL when the red arrow is painted.

Consider using price action with this indicator to generate higher probability trade setups. Firstly, wait for the YELLOW arrow to appear, then watch for a bullish, engulfing candlestick pattern before BUYING the asset.

For a higher probability SELL setup, wait for the RED arrow to be painted on your chart and a bearish engulfing candlestick pattern before opening a SELL/SHORT position. You may refer to the above EUR/USD chart for more clarity on BUY and SELL setups.

Stop Loss is discretionary to every trader, but you may set your Stop order below/above the arrows. Take Profit may also be at the appearance of an opposite arrow.

Conclusion
The super Signal indicator for MT4 helps you immediately catch and benefit from trend reversal. The indicator is also chart-friendly and doesn’t make your chart messy. Finally, it is free to download, so give it a try.