The Price Percent Range trading system for Metatrader 5 is a reliable Forex solution that provides buy and sell trading signals and alerts for any currency pair.
Just load the system indicator to the chart and it will start working for you.
How does the system issue new buy and sell trades?
- The Price Percent Range system displays a buy arrow and blue colored line on the chart, indicating a buy trade opportunity.
- The Price Percent Range system displays a sell arrow and red colored line on the chart, suggesting a sell trade opportunity.
You can adjust various indicator inputs and variables, including applied price, sound alerts, colors, line style font size, and more, according to your preferences.
It is crucial to familiarize yourself with the workings of the Price Percent Range trading system and conduct thorough testing on a demo account before implementing it in live trading.
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PricePercentRange.mq5 Indicator (MT5)
Chart Example
The following picture shows how the Price Percent Range trading system looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Price Percent Range Trading System?
Find a simple trading example below:
Buy Signal
- A buy signal is triggered when the yellow colored “UP” arrow is displayed in the chart.
- Execute a buy market order and place a protective stop loss below the previous swing low region.
- Close the buy trade for a fixed pips target of your preference, or await a sell signal.
Sell Signal
- A sell signal is generated when the yellow colored “DOWN” arrow is displayed in the chart.
- Execute a sell market order and place a protective stop loss above the previous swing high zone.
- Close the sell trade for a fixed pips target of your preference, or await a buy signal.
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PricePercentRange.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 PricePercentRange.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