![]() ![]() Beginners’ charts often look cluttered with dozens of different indicators. The chaos out of lines, histograms, and bands distracts a trader from the trading process and makes the situation even more confusing. This is where arrow indicators come into play. They generate easy-to-read trading signals that are impossible to miss.īUY SELL MAGIC is a great example of a smart arrow indicator. Along with keeping your charts clean, it generates sound alerts to help a trader monitor the market situation.īefore reading the article and writing your questions in the comments section, I recommend to watch this video. ![]() It’s not long but covers the biggest part of questions on the topic.īuy-Sell Magic is a multi-currency indicator, so feel free to apply it to any currency pair or CFD. Using extreme points and trend trading, this tool works best on H1 charts and higher. How to install BUY SELL MAGICīuy-Sell Magic used to include multiple scripts and required a template to launch. Thanks to a major update, Buy Sell Magic evolved into a standalone tool designed for the MT4 trading platform. To be able to use the indicator, you need to download it and add it to your trading platform. To install Buy Sell Magic on MT4, you need to access the data folder in MT4. Start your MT4 and select “File” in the upper left corner. Out of a pop-up menu, select the “Data folder.” You’ll see a list of folders. Find the “Indicators” folder and add Buy Sell Magic to it. ![]() Restart MT4 or refresh the platform via the “Navigator” window. Then open the list of indicators again and drag Buy Sell Magic to your currency chart. Like the popular Zigzag indicator, Buy Sell Magic issues entry signals in the vicinity of extreme points. Be careful as the indicator may lag and redraw the chart if a price hits an extreme point. #Indicator sell and buy mt4 how toĮnough theory for now! Let’s break down how to use Buy Sell Magic in real-life trading.īuy-Sell Magic draws a green arrow pointing upwards.ĭon’t enter the market as soon as you see an arrow. As for a stop loss, you can either follow the recommendations in a notification window or place it at the green points. Take a look at the chart below:īuy-Sell Magic plots a red arrow pointing downwards.Īgain, you need to wait for a candle to close before opening a trade. Otherwise, a price may hit a higher high and the entry signal will disappear. ![]() As for a stop loss, follow the recommendation in a notification window, or place it at the red points. There is a common recommendation that you should close a trade once Buy Sell Magic generates a signal in the opposite direction. The truth is, this is not the best approach. ![]()
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