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Turning Points Trader MT4

This MT4 indicator has been designed to be used on any currency pair, but not indices, on the ONE HOUR time frame only. 

This indicator has the highest win rate of all my indicators but it is not perfect and there is no holy grail in trading.

The indicator looks for short-term high-probability trend continuations in price and will indicate you to go long (buy) or short (sell) if you see a green or red arrow next to the current candlestick respectively.

The indicator paints an arrow when the specific criteria are met, however, you must wait until the current candlestick has closed until you enter a trade. Therefore you would normally enter a trade at the beginning of an hour.

The indicator only provides the signal to buy or to sell. It is your decision how much money you risk on each trade and it is also your responsibility to trade sensibly. The indicator does not provide any stop loss or take profit suggestions to you however I have found that the best stop loss placement is under the previous candle stick's low for a buy trade and above the previous candlestick's high for a sell trade. As for taking profits, my suggestion is that you use a trailing stop or use your own preferential indicators as support and resistance zones to exit the market.

Please take a look at the photos where you can see the green and red signals to buy and sell respectively. All of the photos were taken on the one hour time frame only of several popular currency pairs to show you the versatility of the indicator.

I hope that you can be more profitable when using this indicator.

Please let me know if you have any questions.

Thank you.


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Indicateurs
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Version 3.0 2022.12.09
Solid arrow signals which are more visible than before.
Version 2.0 2022.11.01
Optional alerts functionality added.