Buy Sell Magic Indicator For MT5

How to Trade Using Buy Sell Magic Indicator Buy Signal The indicator shows a green arrow, signaling that it is time to enter a long position. A screen alert pops up to ensure to identify the signal in real time. The best part is that the indicator calculates stop loss for you. All you have to do is to fill in the order. Alternatively, you can place the stop loss just below the grey dotted line. Where should you exit the trade? Well, you set the take profit using the 3:1 reward ratio. In other words, you can set your own profit target, say 50 pips. Also, you can wait for the indicator to post a bearish signal and exit the buy trade. Sell Signal Open short position when the indicator displays a red arrow and a sell alert. The pop-up alert also displays a suitable sell stop. Also, you can use a tighter stop loss by setting it just above the dotted line. If you are not sure about setting your own take profit, simply exit when the indicator posts a buy signal.