Forex Entry points pro Strategy MT4

This forex strategy offers traders an easy way to spot new buy and sell trading signals on the currency chart for any currency pair.

It consists of three simple to understand custom MT4 build technical analysis indicators that anyone can start using for free!

Let me explain below how this strategy works:

Chart Setup

MetaTrader4 Indicators: FOREX ENTRY POINT.ex4 , SEFC084.ex4 , super-signals-channel.ex4.

Template: Entry points pro Strategy MT4

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day and mor...

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Strategy

Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed in Day - Frame:

1. If the green upward pointing arrow of super-signals-channel.ex4 custom indicator gets displayed as shown on Fig. 1, price is said to be pressured to the upside, hence a trigger to buy the desired currency pair.

2. If the green vertical bars of the SEFC084.ex4, FOREX ENTRY POINT.ex4 custom indicator gets displayed within the indicator window as illustrated on Fig. 1, the sentiment in the market is said to be bullish i.e. a trigger to buy the designated currency pair.

Stop Loss for Buy Entry: Place stop loss 3 pips below support - 1H-Fram.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence in 1H - frame:

If the red shaped objects of the super-signals-channel.ex4 custom indicator pops up on the activity chart as seen on Fig. 2, it is an indication that sellers are outnumbering buyers in the market, hence an exit or take profit will do.

Sell Entry Rules

Initiate a sell entry if the following holds true Day - Frame:

1. If the red colored rhombus shaped objects of the super-signals-channel.ex4 custom indicator gets displayed on the activity chart as seen on Fig. 1 price is said to be pushed lower, hence a trigger to sell the currency pair of focus.

2. If the red vertical bars of the SEFC084.ex4, FOREX ENTRY POINT.ex4 custom indicator gets displayed within the indicator window as illustrated on Fig. 1, the sentiment in the market is said to be bearish i.e. a trigger to sell the designated currency pair.

Stop Loss for Sell Entry in 1H - Frame: Place stop loss 3 pips above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

If the green colored upward pointing arrow of the super-signals-channel.ex4 custom indicator pops up on the activity chart as seen on Fig. 2, it is an indication that buyers are outnumbering sellers in the market, hence an exit or take profit will suffice.

About The Trading Indicators

The SEFC084.ex4, FOREX ENTRY POINT.ex4 custom oscillator indicator counts the number of up bars (Close-Open) and down bars (Open-Close).

The super-signals-channel.ex4 custom indicator gives you a Buy or Sell signal. It uses Moving Averages, Parabolic SAR and Bollinger Bands in doing this.