The Be Guru Forex Indicator was submitted by beforexguru.com. However it was designed and programmed by Mr Juan Antonio España. The indicator is very simplified to use. It is best for both forex professionals and forex beginners. In actual fact when a forex beginner trades using this indicator, he or she will make profits just the same way a forex guru (professional) does.
Sometimes it is viewed as a combination of several specific indicators of which it is really is. Then the indicators are synchronized to work in harmony with each other. This indicator is programmed to avoid markets that have a sideways movement. That is the reason as to why you will notice that this indicator is not very good when the market have no large swings. For this reason, it is advisable that you use this indicator to trade currency pairs that are traded by many people for example the EUR/USD, GBP/USD and CAD/USD. By using this indicator to trade these currency pairs, it will work great. These currency pairs have very large daily ranges as compared to other currency pairs which usually have very little swings during the day.
Fig.1. The Be Guru Forex Indicator loaded on an MT4 platform.
The Be Guru Forex Indicator consists of a wave like line that changes its color from red to green by default. However you can change the colors to use as you like. The line becomes red when indicating that the market prices trend is downwards. It changes to green when the trend is upwards. There is also red and green arrows that do appear. These arrows act as the signals. They appear at the beginning of the trend. Therefore they appear at the beginning of the formation of either the red or green segments of the line.
If this indicator is used to trade the right currency pairs, it can give an approximate profit of 300 pips. This is because the indicator gives several signals within a day but depending on the time frame that you choose to use. Therefore if you use it to trade 3 currency pairs in a day, you are guaranteed of a daily profit of 900 pips. If you use a lot size of o.1 per trade, then you shall make 900 of the currency that your account is in. the efficiency of this indicator is around 97%.
How to open trades using this indicator.
The trader should place a sell after the red arrow appears. The trade should be placed at the beginning of the next candle. The line have to be red.
The trader should place a buy when the green arrow appears. The trade should also be placed at the beginning of the formation of the next candle that appear after the formation of the green arrow. Then the line have to be green do not place a buy trade even if the green arrow appear and the line is still red.
Illustrating how to use the Be Forex Guru Indicator to trade.
Forex Indicators Download – Instructions
Be Guru Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Be Guru Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Be Guru Forex Indicator.mq4?
- Download Be Guru Forex Indicator.mq4
- Copy Be Guru Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Be Guru Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Be Guru Forex Indicator.mq4 is available on your Chart
How to remove Be Guru Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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