Forex Profit Target MT4 Indicator:
About the Forex Profit Target MT4 Indicator
Indicator analyzes the market and finds entry points on the chart. The indicator algorithm allows you to determine the culmination of purchases or sales and find the exact entry in the continuation of the current or reverse movement. Simple set-up and additional filtering ensure maximum accuracy in directional signals.
a unique method of market analysis;
does not redraw;
high signal accuracy;
additional automatic signal filtering;
an easy-to-fit setting for the current market, consisting of one Accuracy variable;
can be used on any timeframe;
suitable for scalping, conservative trading, as well as for determining global trends;
a complete system of alerts from messages, mail to PUSH notifications.
Rules for evaluating indicator signals:
appearance of the “ProfitTarget” icon under the colored bar – buy signal;
appearance of the “ProfitTarget” icon above the colored bar – a sell signal;
signals to buy or sell have different colors;
a buy or sell signal always appears after the current bar closes;
by changing the Accuracy parameter in the settings, you change the frequency and accuracy of finding the entry point, the higher the values, the less frequent and more accurate the signal, and vice versa. At the same time, choosing a more profitable value for each instrument and timeframe is very simple and takes a minimum amount of time.
the main indicator value that determines the accuracy of entries
displays the color of the bar above / below the “ProfitTarget” icon
enable the alert system when signals appear
alert about the signal in the window
a message about the signal to the mail specified in the terminal
PUSH message to mobile phone
The indicator can be used as a separate trading system or as an addition to an existing one.
On the screenshots below you can see examples of using the indicator on the chart.
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)