Introduction

BS Arrows Signal Indicator V1.0 MT4 is a signal-based trading tool for MetaTrader 4 that provides clear buy and sell indications using arrow markers on the chart. It is designed to simplify trading decisions by combining trend and momentum analysis into easy-to-read visual signals.

Key Features

Arrow-based buy and sell signals
Combines trend and momentum logic
Real-time signal updates
Multi-timeframe compatibility
User-friendly and simple interface
Customizable sensitivity settings
Works on forex, indices, and commodities

Recommended Settings

Timeframe: M5, M15 for intraday, H1 for stronger signals
Currency Pairs: Major pairs (EURUSD, GBPUSD, USDJPY)
Settings: Default for beginners; adjust sensitivity for advanced use
Usage: Combine with support/resistance or price action
Broker: Any reliable MT4 broker

Backtest Result

Not a fully automated system, so no fixed performance metrics
Helps improve entry accuracy when combined with confirmation tools
Performs better in trending markets than in sideways conditions

Advantages

Simple and easy-to-understand signals
Reduces need for multiple indicators
Saves time in analysis
Beginner-friendly
Helps improve entry timing

Disadvantages

No guaranteed accuracy
Signals may lag in fast markets
Requires confirmation from other tools
Not a standalone trading system
Manual execution required

Installation & Setup Guide

Download the indicator file (.ex4)
Open MetaTrader 4
Go to File → Open Data Folder
Navigate to MQL4 → Indicators
Paste the file into the Indicators folder
Restart MT4
Attach the indicator to a chart
Adjust settings if needed
Monitor signals and confirm before trading.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.