100 Pips Metatrader 4 Forex Indicator

The 100 Pips Metatrader 4 indicator displays two trading lines on the chart, a blue line and a red line.

Trading signals will be generated when the blue line crosses the red line from below or the blue line crosses the red line from above.

This is a typical forex crossover trading system. It’s used very often when it comes to trading currencies.

The principle is very easy to understand:

When the shorter period signal line crosses the longer period signal line from below, this is a buy trade signal.

When the shorter period signal line crosses the longer period signal line from above, this is a sell trade signal.

The 100 Pips Metatrader 4 indicator is mostly used for scalping and day trading currency pairs during the London and New York trading sessions.

Free Download

Download the 100-pips-indikator.ex4” MT4 indicator

Example Chart

The EUR/USD M5 chart below displays the 100 Pips Metatrader 4 forex indicator in action.

Basic Trading Signals

Signals from the 100 Pips forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy trade position when the blue signal line crosses and closes above the red signal line from below.

Sell Signal: Open sell trade position when the blue signal line crosses and closes below the red signal line from above.

Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.

Download

Download the 100-pips-indikator.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Trend

Installation

Copy and paste the 100-pips-indikator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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