The Sniper Arrows Signal indicator is a free Metatrader 4 Forex indicator that provides accurate buy and sell signals in the currency market.
The indicator is always active in the market, either with a buy or sell signal.
Key Points:
- A green signal line represents a buy trend. It’s a buy signal.
- An orange signal line represents a sell trend. It’s a sell signal.
You can adjust the money risk taken for each trade. Just edit the indicator inputs.
For scalping and day trading, the best performance occurs during the most volatile trading sessions.
Free Download
Download the “ARROWS.ex4” indicator for MT4
Indicator Example Chart (EUR/USD 30-minute chart)
How to trade with it (example)?
Open a buy trade as soon as the indicator starts drawing the yellow line. This is a strong buy signal.
Open a sell trade as soon as the indicator starts drawing the orange signal line. This is a strong sell signal.
Exit the trade when an opposite trading signal appears on the chart, or close for a fixed profit target of your preference.
Feel free to use your own favorite trading method or system to open and close trades with the Sniper Arrows Signal indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Length, deviation, money risk, signal, line, bars, color settings & style
Indicator type: trend
Repaint? Does not repaint the colored green and orange signal lines.
Download Now
Download the “ARROWS.ex4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the ARROWS.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.