Free Forex Indicators (MT4), Trend Following Indicators

German Sniper Indicator

The German Sniper Indicator is a forex trading tool that generates trading signals on a chart using automated algorithms.

German Sniper Indicator Overview

It displays actionable buy and sells signals for a variety of currency pairs and chart time frames, as well as optional take profit and stops loss level, making it a complete trading system.


It is especially useful for beginner traders who may not have the experience or knowledge to analyze the market on their own.

However, it is important to note that the German Sniper Indicator may produce false signals and should be used in conjunction with other technical indicators and price action analysis.

German Sniper Indicator Explanation

The German Sniper Indicator is based on automated algorithms that generate buy and sell signals for a variety of currency pairs and chart time frames.


The signals are displayed on the chart, making it easy for traders to identify potential entry and exit points.

The indicator is designed to be user-friendly, and it can be applied to any financial instrument, including forex, commodities, stocks, and indices.

The tool displays the entry-level, take profit level, and stop loss level on the chart, making it a complete trading system.

By using it in conjunction with other analysis methods, traders can make more informed trading decisions and minimize the risks of trading.

German Sniper Indicator: Buy Conditions

  • Look for a “buy above the level” line on the chart.
  • Wait for a strong bullish candle to appear.
  • Take profit and stop loss levels are already displayed, but you can set your own.

Also Read: Candlestick Pattern Scanner

German Sniper Indicator: Sell Conditions

  • On the chart, search for a “sell just below level” line.
  • A strong bearish candle needs to emerge first.
  • Although the default takes profit and stop loss levels are shown, you can select your own.

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.

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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.
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