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Pip Buffet

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Looking for a simple MT4 indicator with reliable signals to trade with? Pip Buffet helps spot possible trading opportunities from upside and downside turns of the price movement. The Pip Buffet indicator is designed to help traders when the trend is strong. As long as the trend is still going, this indicator will give traders entry signals periodically. As shown in the example chart below:

Pip Buffet

In the example above, there are several small arrows around particular candlesticks. The arrows will appear in purple and dark green as default (can be changed in indicator customization). The purple arrow indicates a possible continuation of the uptrend. Meanwhile, the green arrow is used to indicate the possibility of continuing the downtrend.

The Pip Buffet is a leading indicator because the signals often appear in a fairly high frequency and aim to predict which direction the price will move. However, if you are not careful, there is a possibility that this indicator might trap you with a false signal.

To download this indicator, follow the instruction as written below:

  1. Follow our Twitter account  
  2. Type your Twitter ID here
  3. Click this button
     


How to Install an additional indicator on the MetaTrader platform?

  1. Open the MetaTrader platform.
  2. Click on the "File", then choose "Open Data Folder".
  3. Locate the downloaded indicator in your File Explorer, and copy it.
  4. Go back to the MetaQuotes terminal.
  5. Open the "MQL4" folder, then select "Indicators"
  6. Paste the indicator file.
  7. Close the MetaTrader platform.
  8. Reopen the MetaTrader platform.
  9. Scroll through the "Navigator" section on the left side of the chart. In the "Indicators" category, look for the one with the name of the downloaded indicator.
  10. Drag and drop the indicator on the chart.
  11. Check "Allow DLL Imports".
  12. Click OK.
  13. Custom indicator is ready to use.