Beforexguru.com submitted this indicator. However, it was designed by Mr. Juan Antonio. The indicator is very simple to use. It is best for both forex experts and forex beginners. When a forex beginner trades using this forex indicator, they will make profits like a forex guru (professional) does. You may download this indicator as an individual indicator, beforexguru.ex4 or beforexguru.mq4, or as a zip file, BeForexGuru.rar.
Sometimes it is viewed as a mix of several specific indicators, which it is. Then the indicators are mixed to work in harmony with each other. This forex indicator (Be Forex Guru Indicator) is programmed to avoid markets that have a sideways movement. That is why you will notice that this indicator is not very good when the market has no large swings. For this reason, you should use this indicator to trade currency pairs many people trade, for example, the GBP/USD, EUR/USD, and CAD/USD. By using this indicator to trade these currency pairs, the indicator will work magnificently. These currency pairs have extensive daily ranges compared to other currency pairs, which usually have small swings during the day.
Fig.1. The Be Forex Guru Indicator is loaded on an MT4 platform.
The Be Forex Guru forex Indicator consists of a wave-like line that default changes its color from red to green. However, you can change the line colors to use as you like. The indicator line becomes red color when indicating that the market price trend is downwards. It changes to green color when the trend is upwards. There are also red and green arrows that do appear. These arrows act as signals. They appear at the beginning of the market trend. Therefore they appear at the very beginning of the formation of either the red color or green segments of the line.
If this indicator is used for trading the correct currency pairs, it can give an approximate profit of 300 pips. This is because the indicator shows several signals within a day, depending on the time frame you choose. Therefore if you use it to trade three currency pairs in a day, you are guaranteed a daily profit of 900 pips. If you use a lot size of 0.1 per trade, then you shall make 900 of the currency your account is in. the efficiency of this forex indicator is around 97%.
How to open trades using this forex indicator
The trader should place a sell entry after the red arrow appears. Should put the trade at the beginning of the next candle. The line has to be red.
The trader should place a buy entry when the green arrow appears. Should also place the trade at the beginning of the next candle that appears after the formation of the green arrow. Then the line has to be green. Do not put a buy trade even if the green color arrow appears and the line is still red color.
showing how to use the Be Forex Guru forex Indicator to trade.
Read More: Baby Shark MT4 Expert Advisor FREE Download
Free Be Forex Guru Forex Indicator Free Download