Buy and Sell Magical Indicator

Buy and Sell Magical Indicator is a basic pointer indication that works well in the London session on the major currency pairings. Buy Sell Magic generates a lot of false signals, thus it’s best to use it in conjunction with other filters.

The Buy Sell Magic Indicator’s Characteristics

Platform: Metatrader4
Currency pairs: Major pairs
Trading Time: London session
Timeframe: M5 or higher

Trading Rules

Buy signal:

Buy Sell Magic paints a green arrow + screen alert
Open Buy trade. Buy Sell Magic calculates the Stop Loss for you and displays it in the popup alert screen. Alternatively, keep you Stop Loss tight and place it just below the grey dotted line (support).

Trade exit (Take Profit) – 2 rules:

Set your own profit target, for example 25 pips, do not wait for an opposite trading signal issued by the BuySell Magic Indicator.
Wait for an opposite trading signal (Sell signal) to close the long trade.

Sell signal:

Buy Sell Magic paints a red arrow + screen alert
Open short trade. Buy Sell Magic calculates the Stop Loss for you and displays it in the popup alert screen. Alternatively, keep you Stop Loss tight and place it just above the grey dotted line (resistance).

Trade exit (Take Profit) – 2 rules:

Set your own profit target, for example 25 pips, do not wait for an opposite trading signal issued by this Indicator.
Wait for an opposite trading signal (Buy signal) to close the short trade:

 

In the Download Buy_Sell_Magic.rar:

indicator01.ex4
indicator01.mq4
indicator02.ex4
indicator02.mq4
Buy Sell Magic.tpl
Buy Sell Magic Manual instructions.pdf

Free Download BuySell Magic

 

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