The stochastic cross alert MT4 indicator will displays BUY or SELL arrow signals on the main chart, the indicator is applicable to trade all kinds of forex currency pairs and great with all sorts timeframe scalpers to long-term.
How to use?
Time frame : M5 or higher
Currency pairs: All
- When a green upward arrow is plotted below the price candle
- The current price bar closes as a bullish candle
- Buy triggers at the break of the respective bullish candle’s high
- Set stop loss below the current low of the market
- Exit long whenever a red arrow is plotted above the price bar
Entry SELL :
- When a red downward arrow is plotted above the price candle
- The current price bar closes as a bearish candle
- Sell triggers at the break of the respective bearish candle’s low
- Set stop loss above the current high of the market
- Exit short whenever a green arrow is plotted below the price bar
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