![]() Now go to the left side of your MT4 terminal. You can gain access to this folder by clicking the top menu options, which goes as follows:įile > Open Data Folder > MQL4 > Indicators (paste here). How to set up the Forex Pro Shadow indicator in MT4?ĭownload the Forex Pro Shadow.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Pro Shadow.ex4 or Forex Pro Shadow.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc. It is crucial to know when to trade, but also when not to trade. To be a profitable trader you need to master discipline, emotions, and psychology. Set stop loss a few pips above the last swing high of the marketĪs always, to achieve good results, remember about proper money management.Sell trade is triggered after the above conditions are met.Price swings lower from recent high swing.Forex Pro Shadow indicator displays red face.Take profit or exit whenever the Forex Pro Shadow indicator provides opposite signal or use your own method of trade exit.Set stop loss a few pips below the last swing low of the market.Buy trade is triggered after the above conditions are met.Price swings higher from recent low swing.Forex Pro Shadow indicator displays blue face.Detailed instructions are provided below. However, in this particular case, arrows are replaced with faces. Generally speaking, the Forex Pro Shadow Indicator falls into the category of buy/sell arrows forex indicators. How does it work? How to apply in trading? Feel free to experiment with the settings and parameters to fit your personal preferences. The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The Forex Pro Shadow Indicator fits all kinds of timeframes and currency pairs. Both beginners and advanced forex traders can try that Forex Pro Shadow Indicator. You can call it a “smiley” indicator as it provides trading signals with “face” marks. The Forex Pro Shadow Indicator recognizes tops and bottoms of the market, therefore you can successfully use it for swing trading. Introduction to the Forex Pro Shadow Indicator ![]()
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