Pip Magnet Support and Resistance MT4 Forex Indicator – Free Download

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What is the Pip Magnet MT4 Forex Indicator

The Pip Magnet MT4 forex indicator is a profitable tool based on the Support and Resistance Strategy, widely used by expert traders worldwide. It utilizes a few indicators and dashboards to provide traders with highly accurate buy and sell signals. It is essential to first study this indicator on MT4. This indicator system is not compatible with MT5. If you need MT5 indicators, you can visit the MT5 Indicators and EAs pages on the Tradeszee website.

The main strategy used in this trading system is the Support and Resistance Strategy. Blue horizontal bars indicate support levels, while green bars indicate resistance levels. The size of each bar reflects the strength of the support and resistance areas. In the top right corner, there are two labels in red and blue, showing buy and sell strength at the relevant time. The indicator provides different Profit Targets(TP) and Stop Losses(SL) for various time periods. Additionally, there are more indicators, alerts, and dashboards that offer further important information.

However, do not rely solely on these indicators to start trading. Continue reading this article to learn how to use the indicator properly to achieve profitable trades.

We recommend starting with a Demo Trading Account (Practice Account) before moving on to real trading. It is essential to learn trading thoroughly first. Tradeszee EDU Hub is an excellent resource for gaining trading knowledge.

What the indicator system includes 

The indicator system includes many indicators, EAs, libraries, and files in addition to the mentioned indicators above. Here you can see everything included in the indicator system.

Indicators

  • !X-UK.MA.4.ex4
  • Buy Sell Alert.ex4 
  • DarkEnergy SupDemMOD DarkBG.ex4
  • fibocalc_v34.ex4
  • Fractals – (adjustable period + price).ex4
  • gann-sq-9-indicator.ex4
  • mqlcache.dat
  • Pairs_Analyzer.ex4
  • PivotHighLow.ex4
  • powerful Currency Strength 28 pairs.ex4
  • PrecisionStrengthMeter.ex4
  • Quantum_mod v1.0edit.ex4
  • TPN.ex4
  • YIF 0001.ex4
  • YOUTH IN FOREX.ex4

Templates 

  • Pip Magnet.tpl

How to install the indicator on MT4 platform 

Tradeszee’s website provides a complete guide on how to download and install indicators and EAs on the MT4 and MT5 platforms. You can refer to the How to download and install indicators/EAs Steps Guide.

If you are having trouble with downloading and installation, please Contact Us

What you need to do before starting forex trading 

You should have some prerequisites before starting trading. Visit the Forex Trading Prerequisites Guide. It will help you fulfill the basic requirements needed before you begin trading. 

How to trade with the Pip Magnet MT4 indicator  

How to Get BUY Trades

  • The market is trending upward, which is crucial.
  • Ensure there is a strong support level.
  • Buy strength should be at least 60% (top right corner).
  • Refer to the next topic to improve your signal accuracy.

How to Get Sell Trades

  • The market is trending downward, which is crucial.
  • Ensure there is a strong resistance level.
  • Sell strength should be at least 60% (top right corner).
  • Refer to the next topic to improve your signal accuracy.

Tips to improve signal accuracy for the Butterfly indicator

We have outlined some key points on how to execute buy and sell trades using the Pip Magnet indicator. However, you can increase signal accuracy up to 99% by incorporating additional strategies, techniques, and indicators. We have provided several tips to help improve accuracy. Refer to the Top Tips to Boost Signal Accuracy guide for more information.

Learn free and Earn in Forex trading

Now, you have the ability to learn forex trading completely from beginner to advanced level for free via Tradeszee EDU Hub. Whatever your knowledge levels, our education hub will support you in becoming an expert in forex trading. 

See more figures of the Pip Magnet indicator 

Pip Magnet trading System
Pip Magnet trading System
Pip Magnet trading System
Pip Magnet trading System

Frequently Asked Questions for the Pip Magnet indicator (FAQs)

You may have more questions about this indicator. Refer to these FAQs to gain a better understanding of it

Pip Magnet MT4 Forex Indicator

The Pip Magnet MT4 Forex Indicator is a profitable tool based on the Support and Resistance Strategy, widely used by expert traders worldwide. It provides highly accurate buy and sell signals using a combination of indicators and dashboards.
The indicator utilizes the Support and Resistance Strategy. Blue horizontal bars indicate support levels, and green bars indicate resistance levels. The size of each bar reflects the strength of the support and resistance areas. Additionally, labels in the top right corner show buy and sell strength at the relevant time.
No, the Pip Magnet Indicator is not compatible with MT5. If you need MT5 indicators, you can visit the MT5 Indicators and EAs pages on the Tradeszee website.
In the Pip Magnet Indicator, blue horizontal bars indicate support levels, while green bars indicate resistance levels. The size of each bar shows the strength of the support and resistance areas.
The labels in the top right corner of the Pip Magnet Indicator show the buy and sell strength at the relevant time, helping traders make informed decisions.
Yes, the Pip Magnet Indicator provides different Profit Targets (TP) and Stop Losses (SL) for various time periods, aiding traders in managing their trades effectively.
No, it is not advisable to rely solely on the Pip Magnet Indicator for trading. It is essential to learn how to use the indicator properly to achieve profitable trades. Continuing to read articles and gaining trading knowledge is recommended.
We recommend starting with a Demo Trading Account (Practice Account) before moving on to real trading. Learning trading thoroughly first is essential. The Tradeszee EDU Hub is an excellent resource for gaining trading knowledge.
To improve your signal accuracy with the Pip Magnet Indicator, refer to the next topic in the article, which provides further guidance and tips.
Yes, Tradeszee provides more indicators, alerts, and dashboards that offer important information to enhance your trading experience. Visit the Tradeszee website for more resources and support.

Download More Indicators for FREE

You can download more indicators, expert advisors and trading systems from this website for 100% free. Refer to the following links to get them

How to free download the Pip Magnet indicator 

You can download the Pip Magnetfree MT4 forex indicator via the following download button. 

Free Download