Forex Easy Pips Maker MT4 Indicator

Forex Easy Pips Maker MT4 Indicator:

About the Forex Easy Pips Maker MT4 Indicator

The recommended timeframe is H1!
The indicator has two kinds of signal.
This is a signal to open a position from the appearance of an arrow.
The price leaves the channel
In the first case, the indicator builds arrows based on the constructed channel and Bollinger Bands years.
In another case, the trader can trade if the price just went beyond the channel. If the price is higher than the channel – we sell. If the price is lower than the channel, then you can look for a place to buy.
It can also be used as a signal to close a previously opened order.
The indicator does not redraw !!!
Input parameters
Period – channel period.
Step Size – the width of the channel.
The indicator is easy to manage and gives clear signals. Can be combined with different filters.

Test results:

Forex Easy Pips Maker MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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