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Pip Magnet MT4 Forex Trading System
Red and Blue squares indicate short-term up and downtrends. Red and Blue squares with the white dot indicate a little bit of powerful signals. Red and blue squares provide an idea about long-term up or downtrend in the future. A set of red squares indicates the future downtrend and a set of blue squares indicates the future uptrend.
Fibonacci levels also are there as up and downtrends. Blue and green support and resistance bars indicate the strength and direction of the trend. If the big blue bar is below the candles, then starts an uptrend, and If the green bar is above the candles that indicates a downtrend. The sizes of blue and green bars indicate the strength of the trend. the long and short zigzag patterns are also available to understand the different short and long trends.
Trading rules for This MT4 Forex Trading System
You can use this indicator for any kind of trading, it works great on M5, 15M, and 30M timeframes. But you can use it on any. We also recommend altering(adding or removing) indicators to your need and experimenting with new strategies.
Buy
When the Blue bar is below the candles or Touches the blue bar (the big blue bar is the support)
Shows a set of Blue squares, If they are white dots even better.
Check Fibonacci to get more accurate entries
Sell
When the Green bar is above the candles or Touches the green bar (the big green bar is the resistance )
Shows a set of Red squares, If they are white dots even better.
Check Fibonacci to get more accurate entries
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