IVT Retracer Metatrader 4 Indicator

The IVT retracer MT4 indicator has great potential if used properly. Use it only in trending markets to pin-point your entries. You could be using trendlines or trend indicators to define the trend. See the image below. Works for any currency pair and time frame.

Trading Signals

Uptrending markets: Wait for the first blue bar to appear on your chart then go long.
Downtrending markets: Wait for the first red bar to appear on your chart then go short.

EUR/USD Daily Chart Example