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