The complete Forex System indicator for Metatrader 5 provides buy/sell arrows, stop loss levels, and possible take profit targets.
The indicator pops up in the activity chart as colored signal arrows together with stop loss and take profit dotted lines.
How to trade with this system indicator?
- A blue colored arrow is a bullish signal.
- A magenta colored arrow is a bearish signal.
- The dotted lines can be used to both stop loss and take profit levels.
The following indicator inputs and parameters can be modified: periods, style color.
It does not repaint any of the buy & sell signal arrows.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Download Indicator 🆓
HLCrossSigForRS.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Complete Forex System indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Complete Forex System Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given as soon as the blue colored arrow gets displayed on the chart (see chart above).
- Open a buy transaction and place your initial stop loss below the green dots.
- Exit the buy trade at the given resistance levels (blue dots), or wait for a magenta colored sell arrow.
Sell Signal
- A sell signal is given as soon as the magenta colored arrow gets displayed on the chart (see chart above).
- Open a sell transaction and place your initial stop loss above the red dots.
- Exit the buy trade at the given support levels (magenta dots), or wait for a blue colored buy arrow.
Download Now 🆓
HLCrossSigForRS.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the HLCrossSigForRS.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration