87# Buy-Sell alert Trend Forex Trading System

Submit by joy22

 

 

BuySell2.0 Indicator Installation Guide

1. Copy all of the ex4 files to your MT4 indicators folder

eg. c:\Program Files\[MT4 Folder]\experts\indicators\

2. Copy buysell2.0.tpl to your MT4 templates folder

eg, c:\Program Files\[MT4 Folder]\templates\

3. Restart your MT4

4. Open any currency pair in H4 timeframe, right click on your mouse, click on

the Templates menu and then click on BuySell2.0.

 

Indicators:

T3,

Snake

Buy-Sell alert (set risk 8)

Unicross

 Long Entry:

when the buy Alert is blue and the arrow alert is blue enter long at open next bar.

 

Short Entry:

when the buy Alert is red and the arrow alert is red enter short at open next bar.

Exit Position

when reverse the arrow.

 

Simple and effective.


In the picture Buy-Sell alert forex system in action.

Buy-Sell Alert Trend Trading System

Buy Sell alert
buysell20.rar
compressed file archive 53.4 KB

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Comments: 3
  • #1

    Ronald (Saturday, 29 March 2014 07:38)

    Immediately after putting in on some H4 charts, it looked very odd that price NEVER would break the levels indicated by blue and red dots :-) This spells 'REPAINTING' to the more experienced trader... Sure enough, some backtesting showed that the blue and red dots (and the blue and red arrows) come and go all the time, which makes me wonder who (and why) someone would even bother to advice fellow traders (?) a fakey system like this???

    I suppose it uses some kind of zigzag indicator (changed the name), which is known to repaint every time a new high or low is reached. Even the ma crossover arrows repaint, so you could open a trade when a blue arrow appears above some blue dots, but then you start seeying red dots appearing and disappearing (your arrow might dissapear too and maybe it re-appears a bit lower, when a new swing low is formed - what a mess!).

    Simply put, don't waste your time on this crap.

    Cheers and good luck with your further trading!

  • #2

    fxsurfer (Friday, 24 July 2015 17:22)

    Buy/sell arrows recalculate.

  • #3

    Daniel (Friday, 19 February 2016 08:18)

    Great indicator , is the source code available ?