Free Forex Indicators (MT4), Trend Following Indicators

Pips Blaster Pro

Pips Blaster Pro is best known as a trend following indicator which can be used for both scalping and intraday trading purposes. This indicator has been designed especially for the newbie forex traders who find themselves hard to define the market trend correctly and enter the market from the right place to make steady profits in the long run.

Pips Blaster Pro can be applied to trade all kinds of forex currency pairs available at the market and fits great with the timeframe charts from M1 to D1. Thus, you can use this tool in a versatile style while trading the markets.

Pips Blaster Pro Overview

Once you’re done with the installation of the indicator at your forex MT4 terminal, your chart will appear like the following image: 

Pips Blaster Pro Overview

Pips Blaster Anatomy

Pips Blaster Pro Anatomy

Pips Blaster Pro works in a similar way to the Moving Average (MA). Although, it changes its color according to the change in current trend directions for a better understanding. It turns blue and appears below the price bar means its time to go for long entry along with the bullish trend confirmation. To go short, you’ll need to wait until the indicator turns red and appears above the price bars. This indicator also used a separate Trend Monitoring tool at the top left of the main chart window to state the strength of the current market trend. We recommend you not to enter the market when the market is in sideline or coiling in a very short range.

Also Read: Pin Bar Trading Indicator

Pips Blaster Pro: Buy Parameters

Pips Blaster Pro Buy Parameters

  • Trend Monitor showing “Strong Up Trend”
  • Pips Blaster turns blue and appears below the price bars
  • Buy triggers when the above conditions are met
  • Set stop loss below the current position of the indicator slope
  • Exit long/take profit whenever this indicator turns red 

Pips Blaster Pro: Sell Parameters

Pips Blaster Pro Sell Parameters

  • Trend Monitor “Strong Down Trend”
  • Pips Blaster turns red and appears above the price bars
  • Sell triggers when the above conditions are met
  • Set stop loss above the current position of the indicator slope
  • Exit short/take profit whenever this indicator turns blue

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.