![]() ![]() ![]() Exit the trade and take whatever profit you have when an opposite signal is generated or look for a previous swing low and use that as your take profit target level.Īdvantages of The Buy Sell Arrow Indicator.Place your stop loss 2-5 pips above the high of the candlesticks. ![]() When a red arrow forms, place a sell stop pending order 1-2 pips below the low of the candlestick that corresponds to the red arrow being formed.Or use a previous swing high peak as your take profit target level. For take profit, there are few options: exit and take profit when an opposite signal (red arrows) is generated.When a blue arrow arrow is formed, place a pending buy stop order 1-2 pips above the high of the candlestick that corresponds to the blue arrow being formed.There’s really not much thinking that would go into trading this indicator. How To Trade The Buy Sell Arrow Indicator MT4 When the line changes colour to blue, a blue arrow is drawn. When the line on the chart changes to red, a red arrow is drawn. Once you attach this buy and sell arrow MT4 indicator on any chart it draws two different types of arrows based on a line on the chart that changes color. If you are looking for an buy sell arrow indicator MT4 that generates buy and sell signals, here’s one attached below. ![]()
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