The MetaTrader 4 Buy Sell Magic indicator is a fusion of three indicators and a tailored price action filter. It does away with distracting elements like bands, histograms, or lines. Instead, it presents uncomplicated, non-repaint arrows that precisely advise on buy and sell moments. Beyond just indicating entry points, it also furnishes well-matched exit points.
Features of Buy Sell Magic Indicator for MT4
Here are some of the features of the Buy Sell Magic Indicator for MT4
- The indicator calculates a suggested stop loss, simplifying the trade entry process.
- The indicator sends notifications when a short or a long position appears on the chart.
- You can place the Buy-Sell indicator on multiple timeframes, though it is most suitable for shorter time frames (M1, M5, M15, M30). Within the periods of higher market volatility, specifically during the London and New York trading sessions
How Does the Indicator Benefit You
The “Buy Sell Magic” indicator provides clear signals for trading in the financial markets. A green arrow signifies a buy signal, prompting you to enter a long position. Real-time alerts ensure timely recognition of signals.
You can place the stop loss below a grey dotted line. Take profit using a 3:1 reward ratio or a personalized target like 50 pips. Exiting the trade can also be based on a bearish signal.
Conversely, a red arrow indicates a sell signal, prompting a short position. A sell alert accompanies this signal along with a suitable sell stop. Users can opt for a tighter stop loss just above the dotted line.
Exit strategies include setting a buy signal as an exit point. The “Buy Sell Magic” indicator is valuable for straightforward technical analysis and trading.
Buy Sell Magic Indicator Settings
Signal Period: Choose the Signal Period value.
Arrow Period: Choose the Arrow Period value.
SL_pips: Choose the S_pips value.
AlertOn: Turn AlertOn on or off.
Email: Turn Email on or off.
qwerty11 –
GOOD!