Forextrading Big arrow indicator is best for scalping and identifies enter, exit position of your Forex trades. Therefore you can catch a lot of green pips with your trades. Good for scalp or trend trading. This Indicator has up & down Arrows. Arrow signal validate after closing the current candle. You can apply for any time frame & any currency pairs. Some time this arrow may be disappearing. Therefore combine this indicator with another strategy.
How to install this Forextrading Big arrow indicator.
Download forex indicator> open forex meta trader plat form> go file menu> open data folder> open MQL4> open indicator folder> insert indicator> re start meta trader plat form> load any currency chart> insert indicator.
To get better results with this forex indicator use the moving average. The moving average will give trend direction. If the price is above moving average & on that time forex big arrow shows for the upper direction you can enter for a buy trade. When the price is below moving average & on that time big arrow shows for down direction then you can enter for a sell trade.
If you use forex support & resistance with this indicator, enter to buy trade when the upper arrow appears near the support line. Down arrow appears near the resistance line you can enter for a sell trade. When you enter trade, place stop loss for higher high or lower low level. When you trading in a 1-hour time frame, follow the trend of a 4-hour time frame. If a big arrow appears in a 4-hour time frame, then check a 1-hour time frame. When a big arrow agrees for the 4-hour trend direction that will be a good entry point. Take profit is as your wish. Don’t try to get whole profit pips on that trend. Get your targeted profit amount & exit your forex trades.
When you enter your forex trade do place stop loss.
Use higher high or lower low.
Exit forex trade when received the opposite signal or as you wish.
Otherwise, you can use the Trailing stop.