Trading with certain indicators can often feel overwhelming, with all the lines, colors, and data to interpret. Learning to navigate them can be quite challenging. Thankfully, there's one tool that makes Forex trading much easier—the Buy Sell Magic indicator.
The Buy Sell Magic Indicator for MetaTrader 4 is a streamlined trading tool that combines three indicators with a custom price action filter. It avoids unnecessary visual clutter like bands, histograms, or trend lines. Instead, it provides clear, non-repainting arrows that indicate optimal buy and sell points. In addition to identifying entries, it also highlights favorable exit points—making it a user-friendly option for both beginners and experienced traders.
One key advantage of this indicator is its effectiveness on lower timeframes (M1, M5, M15, M30), particularly during the high-volatility periods of the London and New York sessions. It works across all currency pairs. However, it's best to avoid using it during major news releases or on public holidays, when market conditions may be erratic.
How to Use the Buy Sell Magic Indicator
Buy Signal:
When a green arrow appears, it indicates a buying opportunity. A pop-up alert ensures you don’t miss the signal. The indicator also suggests a stop loss, which can be manually set just below the grey dotted support line. For taking profit, traders are encouraged to use a 3:1 reward-to-risk ratio—e.g., targeting 50 pips—or exit when a red (sell) signal is generated.
Sell Signal:
A red arrow signifies a selling opportunity, accompanied by an alert and a suggested sell stop. You can choose a conservative stop loss just above the dotted resistance line. For exiting the trade, either set a take profit level based on your strategy or close the position when the next buy signal appears.
In summary, the Buy Sell Magic Indicator for MT4 offers a simple and effective approach to trading, ideal for those who prefer clear, actionable signals without unnecessary complexity.
The chart above illustrates the price action of EUR/USD. A red arrow at the 1.2236 level signals an ideal entry point for a short position, with the red dotted line serving as a resistance level where you can place your stop loss. Meanwhile, a green arrow at 1.2165 marks a potential buying opportunity, with the blue dotted line acting as a support level and a logical spot for setting your stop loss.
INDICATORS SETTINGS
MA Period: Period of calculating the signal. You can extend the period to delay the signal and, in turn, pinkuce number of false signals
Smoothing Method: You can choose smoothing method from simple, exponential, etc
Price: Choose the price type between Open, Close, High, Low, etc.
ATR_Period: Period of the ATR
