Forex Software

100% FREE – “Bollinger Buy/Sell Sniper” Forex Indicator

Hi everyone! Welcome to my blog dedicated to successful forex trading. Today I’ve prepared an amazing MT4 indicator for you that I’ve been using for more than two years now!

The Bollinger Bands Buy/Sell Sniper indicator for the MT4 platform works well for any pair and timeframe.

The indicator generates a colored buy/sell signal line based on the positive/negative slope of the BB bands.

Some examples of the signals:

USDCHF, m30
EURUSD, m15
USDJPY, h1

Signals from the Bollinger Bands Buy/Sell Sniper MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Go long when the Bollinger Bands Buy/Sell Sniper indicator changes its signal line color from red to green.

In this case, the Bollinger Bands trend changes from ST bearish to bullish. Place a stop loss below short-term support or use your own preferred SL method.

Sell Signal: Go short when the Bollinger Bands Buy/Sell Sniper indicator changes its signal line color from green to red.

In this case, the Bollinger Bands trend changes from ST bullish to bearish. Place a stop loss above short-term resistance or use your own preferred SL method.

Feel free to use this indicator together with other technical indicators (oscillators, momentum) or price action methods.

P.S. Have problems with installation? Send me an email at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!

P.P.S. Please share this post if you liked the free indicator. 🙂

Oliver Murphy

Hi! My name is Oliver Murphy. I am the Head of ALTRA Group, the team of the most qualified and experienced forex traders and programmers. Our Mission Statement: "Trading Forex Made Easy and Profitable for Everyone"! Join our team today!

6 Comments

  1. Good morning Oliver,I have not used your indicator yet,but looking at it I know it will be good too. I will try it from next month going

    1. Dear Devon

      You can check out other posts in this blog. Also please
      make sure that you are subscribed to our newsletter as
      we send a lot of useful stuff!

  2. Hallo an Alle
    Ich freue mich gleich zur Begrüßung ein Geschenk zu bekommen.
    Ich will hoffen das ich erfolgreichere Stunden finden werde.
    Auf bald
    Wilfried

  3. Hi Oliver,

    I have sent an email regarding altra scalper, did you receive? Also, thanks for the great tools, I am testing a couple of them and they seem to be pretty reliable.

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