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Forex Trading Big arrow New indicator free download 2022
Forextrading Big arrow indicator is best for scalping and identifies enter, exit position of your Forex trades. Therefore you can catch a lot of green pips with your trades. Good for scalp or trend trading. This Indicator has up & down Arrows. Arrow signal validate after closing the current candle. You can apply for any time frame & any currency pairs. Some time this arrow may be disappearing. Therefore combine this indicator with another strategy.
How to install this Forextrading Big arrow indicator.
Download forex indicator> open forex meta trader plat form> go file menu> open data folder> open MQL4> open indicator folder> insert indicator> re start meta trader plat form> load any currency chart> insert indicator.
To get better results with this forex indicator use the moving average. The moving average will give trend direction. If the price is above moving average & on that time forex big arrow shows for the upper direction you can enter for a buy trade. When the price is below moving average & on that time big arrow shows for down direction then you can enter for a sell trade.
When using this indicator in conjunction with forex support & resistance, place a purchase order when the upper arrow is close to the support line. Near the resistance line where you can place a sell order, a downward pointing arrow appears. Place a stop loss at a higher high or lower low level when you enter a trade. Follow the trend of a 4-hour time frame when trading in a 1-hour time frame. Check a 1-hour time frame if a large arrow emerges in a 4-hour window. A excellent entry point will occur when a large arrow agrees with the direction of the 4-hour trend. Take profit as you see fit. Avoid attempting to profit completely from that trend. Obtain your desired profit and close out your forex deals.
SL
When you enter your forex trade do place stop loss.
Use higher high or lower low.
TP
Exit forex trade when received the opposite signal or as you wish.
Otherwise, you can use the Trailing stop.
Exness