As the name suggests, the FIP Forex Buy and Sell Indicator System is a buy/sell arrows forex trading strategy. At first glance, it may look like it’s providing crazy accurate entry signals. Unfortunately, we did the test, and as a result, we showed that it is a heavy repainting forex indicator, and we don’t recommend using it standalone. However, pairing it with other technical analysis tools may come in handy for defining forex market tops and bottoms.
The FIP Forex Buy & Sell indicator System fits all mt4 timeframes and currency pairs. It is shown directly on the main trading chart. The default settings can be edited. Feel free to test it with the settings and parameters to fit your preferences.
Set up the FIP Forex Buy And Sell Indicator System in MT4.
Installation Guide
Download the FIP Forex Buy & Sell.zip archive at the end of this article, unpack it, then copy and paste the given forex indicators files of the FIP Forex Buy & Sell System into the MQL4 folder of the MT4 forex trading platform.
You can enter this folder by clicking the top menu options, which goes as follows:
File > Open mql Data Folder > MQL4 > Indicators (paste here).
Furthermore, to run the FIP Forex Buy & Sell System, you must copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and copy the FIP Forex Buy & Sell System.tpl file into that folder. Select the file and click Open to load the System on your chart.
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Bottom Line
The FIP Forex Buy & Sell System is worth adding to your trading collection. A good forex strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.
