The Amazing Strategy indicator gives you the buy or sell entry price together with the suggested stop loss and take profit level.
Make sure to enable the “enable Robo” setting from the indicator’s inputs setting to put it to work.
- A Blue arrow represents a buy signal
- A Yellow arrow represents a sell signal
Of course, you can determine your own take profit and stop loss levels.
Basic Trading Signals
Signals from theAmazing Strategy MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when a Blue Amazing Strategy arrow appears on the chart.
Place a stop loss and take profit price according to suggested level for the buy trade.
Alternatively: Place a stop loss 2-3 pips below the most recent support level or use your own preferred method.
Sell Signal: Open a sell trade when a Yellow Amazing Strategy arrow appears on the chart.
Place a stop loss and take profit price according to suggested level for the sell trade.
Alternatively: Place a stop loss 2-3 pips above the most recent resistance level or use your own preferred method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (enable Robo, period, smooth, alert) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly,Monthly