The Forex News indicator for MT4 displays all upcoming news releases and possible trade impact in a handy mini dashboard in the main screen.
It displays Forex news for any currency and the accompanying data (previous number, forecast number, and the actual data).
It also displays the possible impact on the affected currency (low, medium, high).
The indicator is an essential tool for both scalpers and day traders.
It’s recommended to combine this tool with a fast trade entry scalper system to take advantage of Forex news.
After downloading and installing the indicator on the MT4 trading platform, it should look like the image shown below.
Free Download
Download the “Forex Calendar MT4.ex4” MT4 indicator
Trading Chart
The USD/CAD 15-minute chart below shows the Forex News indicator in action.
Volatility Breakout Strategy Using Forex News Indicator
The Forex News Indicator MT4 is powerful for tracking high-impact economic events.
You can combine it with a simple volatility breakout strategy to trade news releases with structure and discipline.
Recommended Tools
- Indicator: Forex News Indicator MT4
- Chart Timeframe: 15-minute (M15)
- Currency Pairs: Pairs affected by the upcoming news (e.g., USD pairs for NFP)
Pre-News Setup
- Identify a high-impact news event using the Forex News Indicator.
- 30 minutes before the news release, draw a horizontal box around the high and low of the last 3 M15 candles.
- Place two pending orders:
- Buy Stop: 3–5 pips above the box high
- Sell Stop: 3–5 pips below the box low
Managing the Trade
- When one order is triggered, cancel the other.
- Stop Loss: 10–15 pips or just outside the opposite side of the box.
- Take Profit: 20–30 pips or trail manually if the move is strong.
Risk Management Tips
- Use proper lot sizing — never risk more than 1–2% of your capital.
- Skip trading if spreads widen drastically before the news.
- Not all news events generate strong moves. Focus on key releases like NFP, FOMC, CPI, and Interest Rate decisions.
Download Now
Download the “Forex Calendar MT4.ex4” MT4 indicator
Customizable Parameters & Settings
Style, currencies, fonts
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: Forex news
How to install the Forex News indicator in Metatrader 4?
- Copy and paste the Forex Calendar MT4.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
