The EntryExit Trend Indicator for MT4 is a simple-to-use indicator that gives clear buy/sell signals. The tool provides trading arrow signals based on the trend while using the ATR for the best entry and exit points. This indicator is well suited for both new and advanced forex traders.
Indicator Description
The EntryExit Trend Forex Indicator is a tool that shows buy and sell signals right on the MT4 chart. The trend line guides the trader with a visual representation of the current market trend. It also displays the Average True Range (ATR) value.
EntryExit Trend Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “EntryExit-Trend.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Basic Trading Signals
Using the EntryExit Trend indicator is a straightforward process:
Buy Signal
- Entry: Buy when you see a blue upward arrow.
- Stop Loss: Place your stop loss at the last swing low.
- Exit: Close the trade when you see a red downward arrow.
Sell Signal
- Entry: Sell when you see a red downward arrow.
- Stop Loss: Place your stop loss at the last swing high.
- Exit: Close the trade when you see a blue upward arrow.
My Conclusion on EntryExit Trend Indicator
The EntryExit Trend indicator for MT4 is a great indicator for trend-based forex technical traders. Moreover, the arrow signals provided by the indicator are easy-to-follow and trade for both new and advanced traders. Furthermore, the indicator shows the trend line and helps the technical forex traders to anticipate price reversals. Additionally, the indicator is free to download and install. Please enjoy!
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.S.S. Check out software by Altra Forex Group here
