Super Signal Forex Indicator for MetaTrader is a powerful forex trading tool built to follow the market trend. The mt4 arrow indicator is efficient for detecting trend reversals once they happen.
Super Signal Forex Indicator is a fully automated technical tool integrated with different parameters that keep tabs on the market trend. It automatically analyses the ever-changing price dynamics of the market, compares the data with the previous history, and paints a trading signal.
This indicator should be on your chart as a forex trader because it reduces the need for constant technical analysis. Plus, it gives you more confidence to open a trade position, especially when the arrow signal coincides with your setup.
Besides, the Signal of the indicator is very easy to interpret. Hence, novice traders wouldn’t find it difficult to use. Experienced forex traders, on the other hand, will find the Super Signal indicator to be of immense benefit (especially as confluence) in their day-to-day trading.
Moreover, all traders can use the indicator – like the scalpers, day/intraday, and swing traders. Super Signal is best used on higher time frames to generate reliable signals.
How To Trade With Super Signal Forex Indicator
The above chart shows how the Super Signal forex indicator would appear on your MT4 chart. The indicator may be a stand-alone tool to trade the forex market. But we recommend you use it in synergy with other trading indicators or price action for better-winning trades.
Super Signal paints a BUY/SELL signal as a RED/YELLOW arrow. The appearance of the YELLOW arrow signifies a possible bearish move, while the RED arrow indicates a possible bullish move. So, in essence, you BUY when the yellow arrow appears and SELL when the red arrow is painted.
Consider using price action with this indicator to generate higher probability trade setups. Firstly, wait for the YELLOW arrow to appear, then watch for a bullish, engulfing candlestick pattern before BUYING the asset.
For a higher probability SELL setup, wait for the RED arrow to be painted on your chart and a bearish engulfing candlestick pattern before opening a SELL/SHORT position. You may refer to the above EUR/USD chart for more clarity on BUY and SELL setups.
Stop Loss is discretionary to every trader, but you may set your Stop order below/above the arrows. Take Profit may also be at the appearance of an opposite arrow.
Conclusion
The super Signal indicator for MT4 helps you immediately catch and benefit from trend reversal. The indicator is also chart-friendly and doesn’t make your chart messy. Finally, it is free to download, so give it a try.
Super Signal Forex Indicator MT4 Free Download
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Works very well with a low-spread ECN broker and fast execution connection. Use it with care specially if you scalp with 0.5 – 1 lot each signal. I wait for the signal to show then I close one trade and start other, ALWAYS WITH THE TREND !!!
Doest it repaint
Very bad repaint arrows!!
i never understand whats the matter with such kind of individuals, if you know of non repaint scripts/indicators post them here. most of us here don’t know much about indicator scripting/coding custom indicators on mql4 an mql5. we therefore appreciate whatever is provided here for free. these are not our efforts. tom, YOU MUST STOP BEING A FAT DIRTY PIG! YOU ARE FUCKING DISGUSTING.