Watch the testing video here:
Introduction to the Exit Indicator
The Exit indicator tries to find the best moment to exit an opened trade.
The algorithm of this gauge delivers exit signals pretty accurately, taking into consideration the weakening movement of short-term trends. Following these signals, you will know when to partially or fully close the order.
Exit signals for sell orders are represented by orange circles. Similarly, exit signals for buy orders are represented by blue circles.
The indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Exit indicator in MT4?
Copy and paste the EXIT.ex4 or EXIT.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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