This 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. You may opt to download this indicator as an individual indicator, beforexguru.mq4 or beforexguru.ex4 or as a zip file, BeForexGuru.rar.
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 (Be Forex Guru 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 this currency pairs the indicator will work in a magnificent manner. This 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 Forex Guru Indicator loaded on an MT4 platform.
The Be Forex Guru 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.
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