Take Profit Metatrader 4 Forex Indicator

The Take Profit forex indicator for MT4 provides traders with 4 suggested take profit (TP) levels for both buy and sell trades.

The indicator also displays the suggested stop-loss (SL) price for both long and short trades.

The Take Profit indicator draws all suggested TP lines (TP 1, TP 2, TP 3, TP 4) on the chart.

Use this indicator together with a forex system or strategy to pinpoint your buy/sell entry price.

The TP forex indicator itself does not provide you with entry signals.

Free Download

Download the target-points.ex4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the Take Profit forex indicator in action.

Basic Trading Signals

No buy/sell entry signals from the Take Profit forex trading indicator. The indicator only provides you with suggested take profit and stop-loss levels.

Download

Download the target-points.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (Draw Line, Days) Colors, width & Style.

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

Type: Take profit | Stop-Loss

Installation

Copy and paste the target-points.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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