Free Forex Indicators (MT4), Trend Following Indicators

FX Sniper Indicator

The FX Sniper Indicator is a tool for technical analysis designed to identify highly probable buy and sell opportunities in the forex market. To produce signals for when to enter or quit a trade, it is based on a mix of MA and other algorithms.

 The indicator is beginner-friendly for traders of all skill levels and can be used on a variety of currency pairs and timeframes. The FX Sniper MT4 Indicator can be used independently or in combination with other indicators to create a trading strategy that is more effective.

FX Sniper Indicator Overview

The FX Sniper MT4 Indicator is a great trend-following tool that tells forex traders which way the market is currently moving. delivers the finest Entry and Exit options by spotting changes in trend direction. The MT4 indicator’s simplicity makes it simple to use and successfully trade the forex signals.

FX-sniper-chart-overview

For novice forex traders, this Metatrader indicator works best. because using visuals makes it easier to see trends and begin trading quickly. However, experienced forex traders can use the indicator in any trend trading setting along with other indicators and trading tools.

FX Sniper Indicator Chart Explanation

The process of identifying an entry point is quite easy and straightforward. Once the blue color line has been established, traders can join the market with a buy position and an SL below the prior swing low.

FX-sniper-chart-explanation

The trend wave can be followed when holding positions in forex, and exiting at the reverse indication. On the other hand, when the red color indication line appears, traders can start a sell position with a stop above the prior swing high.

FX Sniper Indicator: Buy Condition

FX-sniper-chart-buy-signal
  • Enter buy when the indicator line turns blue
  • The chart displays a blue upward-pointing arrow as a buy signal..
  • Stop loss below the prior swing low.

Also Read: RoboForex Review – Get $30 Welcome Bonus

FX Sniper Indicator: Sell Condition

FX-sniper-chart-sell-signal
  • Enter sell when the indicator line turns red
  • The chart displays a red downward-pointing arrow as a sell signal.
  • Stop above the prior swing high.
Share on:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.