Forex Entry Point Indicator
Watch the testing video here:
Forex Entry Point indicator was designed to give traders the best possible entry for their long and short trades and it displays pink and turquoise vertical lines in a lower window of Metatrader 4 terminal. These color lines of Forex Entry Point indicator are used to predict possible changes of the market trend direction. The Forex Entry Point can be used for different trading systems and strategies – it is suitable for 5min scalping and longer term trading on 1h, 4h, daily charts. This indicator can be used with any currency pair, however the Forex Entry Point indicator gives the best results with high volatility pairs like GBP/JPY.
Attributes of Forex Entry Point MT4 indicator:
Platform: MetaTrader4
Currency pairs: all, we recommend major pairs
Trading Time: whole day
Timeframe: all, we recommend H1 or higher
How to trade with the Forex Entry Point indicator strategy no repaint?
These are trading rules for the Forex Entry Point indicator.
Buy entry signal
Open long trade (buy) with Forex Entry Point indicator when there was a vertical line of color turquoise and the bar has closed. Exit with the appearance of vertical lines of the opposite color as it forecast trend change.
Sell entry signal
Open short trade (sell) with Forex Entry Point indicator when there was a vertical line of color pink and the bar has closed. Exit with the appearance of vertical lines of the opposite color forecast trend change.
Important note: we have conducted tests to check if Forex Entry Point is no repaint indicator. Our research proved that the indicator sometimes repaints, so changes its past signals. Please take that into consideration and be careful trading with it. The signals of the Forex Entry Point looks that good only on historical data. Many traders still like it and use it for example in 5 min scalping or support/resistance rebound.
In the package ForexEntryPoint.rar you will get following files:
- FX ENTRY POINT.ex4
- FX ENTRY POINT.mq4
- FX Entry Point.tpl
