Forex Blau Balance Indicator

The Forex Blau Balance indicator is a custom no repaint buy sell signals forex oscillator. The indicator is displayed in a separate window just below your main trading chart. This indicator is a universal trading tool, as it generates both forex entry points and also exit points, so you will precisely know when to enter a trade and when to exit that trade. You can download free Blau Balance indicator at the bottom of this post.

Using the Forex Blau Indicator you can trade with any forex currency pairs and any time frames available at the market. The settings of this indicator are customizable and you can adjust them to your individual preferences, however, default are more than enough to provide powerful trading signals and trading opportunities. We recommended using Forex Blau during the London and New York sessions for the best performance. Let’s take a look at what Frex Blau Balance really is.

Forex Blau Balance Trading Rules

The indicator works quite well during the sideway market, but the best performance is given when strong trending market conditions. If you prefer more accurate and reliable trading signals trade only when you spot strong market, otherwise when you prefer a bit more risky and aggressive trading you can go with sideways trading.

Below you can find information on how to trade with the Blau Balance indicator – trading rules for the indicator are simple and easy to follow.

Buy signal
Open long order (buy trade) with Blau Balance when the following conditions are met:

Recognize market conditions – trending (better option) or sideways (need to be careful).
The Blau Balance dot turned green and the bar closed.
Set stop loss at the last swing low price level.
Take profit at the arrival of the opposite signal – red dot.

Sell signal
Open short order (sell trade) with Blau Balance when the following conditions are met:

Recognize market conditions – trending (better option) or sideways (need to be careful).
The Blau Balance dot turned red and the bar closed.
Set stop loss at the last swing high price level.
Take profit at the arrival of the opposite signal – green dot.

How to install the Forex Blau Balance Indicator on your Metatrader 4 trading plaftform?

Download the indicator by clicking “LINK” button at the bottom of this post.
Copy and paste the Forex Blau Balance Indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
Restart your Metatrader 4 Client.
Select Chart and Timeframe where you want to test the indicator
Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
Right click on Forex Blau Balance Indicator.ex4 and than click “Attach to the chart”.
You can modify settings if you need and than click ok.
The indicator is ready and running on the chart.

In the archives you will find following Metatrader 4 files included: