Beginner Alert MT4

USDCADH1-Beginner-Alert

This indicator is for beginners. You can use it very easy:

1. When you get red signal go to sell.
2. Green to buy.

This indicator is some kind of trend reversal based. However don’t expect to make money with it. It’s great for exercising and learning. The worst thing is going to happen if you use it in sideway trends (when trend raging).

You can see raging example below.

GBPUSDM30-ranging

If you want to use this indicator you must include one more indicator which will filter false signals.

If you find this indicator useful you can download it here.