Place a stop loss below the previous swing low price. Close the trade when a RED square appears on the chart. In this case, RED squares are only used to close open buy trades. Place a stop loss above the previous swing high price. Close the trade when a BLUE square appears on the chart. In this case, BLUE squares are only used to close open sell trades. Free Download. Forum Mirror. Share Article:. Muhammad Danish on November 19, Raj Kumar on November 19, The arrow generated is either aqua or blue.
And at this time the blue arrow is generated. However, the trader should always ensure that he or she opens a Buy or sell order after the candle which generated the arrow closes. Placing a sell order: the sell order should be placed on the beginning of the second candle or in the next candle that forms after the aqua arrow is generated. Placing a buy order: the buy order should be placed on the beginning of the second or in the next candle that forms after the aqua arrow is generated.
The order are closed when an opposite signal is generated. Therefore there is no need of using stops. Open demo account to test this system. Download Forex Pips Striker Indicator.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. How to trade with the Win Max Pips indicator? Below you can find trading rules for Win Max Pips. Buy signals The buy signal to open long trade with Win Max Pips indicator: The indicator turns green from red and cross above 0 level, A bullish candle has formed, Set stop loss below the last swing low of the market, Take profit when there is an opposite signal — indicator turns red.
Sell signals The sell signal to open short trade with Win Max Pips indicator: The indicator turns red from green and cross below 0 level, A bearish candle has formed, Set stop loss below the last swing high of the market, Take profit when there is an opposite signal — indicator turns green.
Restart your Metatrader 4 Client. Right click on gfk winmaxpips. You can modify settings if you need and than click ok. The indicator is ready and running on the chart. Tags pips trend following. Popular Metatrader Indicators. Xmaster Formula Indicator Trend Imperator V2 Trading System. Forex Entry Point Indicator. Instant Buy Sell Signal. Looking for something?
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