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Monday, 22 July 2024
Forex100-Pips-Indicator
Forex100-Pips-Indicator

Forex100-Pips-Indicator

Watch the testing video here:

100 Pips Metatrader 4 Forex Indicator

The 100 Pips Metatrader 4 indicator displays two trading lines on the chart, a blue line and a red line.

Trading signals will be generated when the blue line crosses the red line from below or the blue line crosses the red line from above.

This is a typical forex crossover trading system. It’s used very often when it comes to trading currencies.

The principle is very easy to understand:

When the shorter period signal line crosses the longer period signal line from below, this is a buy trade signal.

When the shorter period signal line crosses the longer period signal line from above, this is a sell trade signal.

The 100 Pips Metatrader 4 indicator is mostly used for scalping and day trading currency pairs during the London and New York trading sessions.

 

Example Chart

The EUR/USD M5 chart below displays the 100 Pips Metatrader 4 forex indicator in action.

 

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