Buy Blindfolded Indicator – Smart Trading Signals 🎯📊

"Trade with confidence, even with your eyes closed!"

📌 Overview

The Buy Blindfolded Indicator is a MetaTrader 4 (MT4) technical tool designed to identify potential buy and sell signals based on price volatility and ATR (Average True Range). It plots gold-colored arrows on the chart, indicating entry points for traders.

This indicator is non-repainting, meaning signals remain fixed once they appear, making it reliable for manual and automated trading strategies.

⚙️ How It Works

The indicator uses:

Price Action Analysis – Detects swing highs and lows to determine trend direction.

ATR-Based Filter – Adjusts signals based on market volatility (using ATR).

Golden Arrows – Marks buy (↑) and sell (↓) signals on the chart.

Key Features:

✅ Non-Repainting Signals – No late recalculations.

✅ Works on All Timeframes – Suitable for scalping, day trading, and swing trading.

✅ Simple & Clean – Easy-to-read arrows without cluttering the chart.

🔧 Key Settings & Configuration

1. Input Parameters

NumBars = 600 → Number of bars the indicator analyzes (adjust for performance).

Default Colors → Gold arrows for buy/sell signals.

2. How to Interpret Signals

🔼 Up Arrow (Buy Signal) → Suggests a potential long entry.

🔽 Down Arrow (Sell Signal) → Suggests a potential short entry.

📊 Recommended Pairs & Timeframes

Best Pairs: EUR/USD, GBP/USD, Gold (XAU/USD).

Timeframes: M15, H1, H4 (works well on short to medium-term charts).

🚀 How to Install & Use

Download the .mq4 or .ex4 file.

Copy it to MT4 MQL4 Indicators folder.

Restart MT4.

Drag & drop the indicator onto a chart.

Adjust NumBars if needed (default: 600).

⚠️ Important Notes

Combine with other indicators (e.g., Moving Averages, RSI) for better confirmation.

Not 100% accurate – Always use proper risk management.

Test on a demo account first!

📜 Developer & Source

Developed by: R.KH 1001

Official Website: www.robomql.com

🎯 Final Thoughts

The Buy Blindfolded Indicator is a simple yet powerful tool for traders who prefer clear visual signals. While it works well in trending markets, always confirm signals with price action or additional indicators for higher accuracy.

Happy Trading! 🚀