About the Trend Finder Indicator
The Trend Finder indicator for MT4 identifies potential buy and sell opportunities using a crossover system of two lines: blue and red.
When the blue line crosses above the red, it signals a potential upward move, while a red line crossing above the blue signals a potential downward move.
This simple yet effective approach allows traders to spot trend shifts instantly and react quickly.
The indicator’s default SSP period is 6, which works well for short-term trading, but it can be adjusted to fit different pairs, volatility levels, or trading styles.
Scalpers can use a lower period for faster signals, while swing traders may prefer a higher period to filter noise.
Signals appear directly on the chart, minimizing guesswork and helping traders make timely decisions.
Its versatility and simplicity make Trend Finder a practical choice for both new and experienced traders aiming to capture profitable market moves efficiently.
Free Download
Download the “trend-finder-indicator.ex4” MT4 indicator
Key Features
- Buy and sell signals are triggered by blue and red line crossovers.
- Adjustable SSP period for personalized trading setups.
- Signals appear directly on the chart for instant decision-making.
Indicator Chart
The chart shows the Trend Finder indicator in action on the EUR/USD 1-hour timeframe.
Blue line crossovers indicate buy signals, while red line crossovers indicate sell opportunities.
You can see how the indicator identifies trend direction and potential entry points, helping traders time positions more effectively.
Guide to Trade with Trend Finder
Buy Rules
- Open a buy trade when the blue line crosses above the red line.
- Confirm upward momentum on the current timeframe.
- Enter only if price is above recent support levels.
Sell Rules
- Open a sell trade when the red line crosses above the blue line.
- Confirm downward momentum on the current timeframe.
- Enter only if price is below recent resistance levels.
Stop Loss
- Place the stop loss 2-3 pips below the recent swing low for buy trades.
- Place the stop loss 2-3 pips above the recent swing high for sell trades.
Take Profit
- Close buy trades when the blue line crosses below the red line.
- Close sell trades when the red line crosses below the blue line.
- Alternatively, take profit near key support or resistance levels.
Trend Finder and Pips Hunter Forex Scalping Strategy for MT4
This MT4 forex strategy combines the Trend Finder Metatrader 4 Forex Indicator with the Pips Hunter Indicator for MT4 to create a practical and easy-to-follow approach for short-term trading.
The plan is designed for traders who prefer fast decision making and clear confirmation on lower time frames.
It performs best on the M1, M5, and M15 charts, making it suitable for scalpers and active intraday traders who want frequent opportunities without overcomplicating their charts.
The logic behind this strategy is simple.
The Trend Finder indicator defines the current market direction using line crossovers, while the Pips Hunter indicator provides precise entry timing using arrow signals.
By combining trend direction with entry confirmation, the strategy helps filter out low quality trades and focuses only on setups that align with short term momentum.
This approach is suitable for beginners because the signals are straightforward and visually clear, and it is also useful for experienced traders who want a structured scalping method that can be applied across multiple currency pairs.
Buy Entry Rules
- Confirm that the blue Trend Finder line crosses above the red line, indicating a bullish market direction.
- Wait for a blue buy arrow from the Pips Hunter indicator in the same direction as the Trend Finder crossover.
- Enter a buy trade at the close of the candle where both conditions are confirmed.
- Place the stop loss a few pips below the most recent swing low or below a nearby support level.
- Set the take profit at the next intraday resistance level or close the trade when an opposite Pips Hunter arrow appears.
Sell Entry Rules
- Confirm that the red Trend Finder line crosses above the blue line, signaling a bearish market direction.
- Wait for a red sell arrow from the Pips Hunter indicator that aligns with the Trend Finder crossover.
- Enter a sell trade at the close of the candle where both signals agree.
- Place the stop loss a few pips above the most recent swing high or above a nearby resistance level.
- Set the take profit at the next intraday support level or exit the trade when a blue Pips Hunter arrow appears.
Advantages
- Combines trend confirmation and entry timing, reducing the chance of trading against the market direction.
- Works well on M1, M5, and M15 charts, offering flexibility for different scalping styles.
- Signals are easy to interpret, making the strategy accessible for newer traders.
- Can be applied to many currency pairs, providing frequent trading setups.
- Helps traders stay disciplined by requiring alignment between both indicators.
Drawbacks
- Lower time frame trading requires focus and quick execution.
- False signals can occur during low volatility or ranging market conditions.
- News events can disrupt short term signals and increase risk.
Case Study 1
On EURUSD M5 during the London session, the blue Trend Finder line crossed above the red line, confirming bullish momentum.
Shortly after, a blue Pips Hunter arrow appeared, signaling a buy opportunity.
The position was opened and later closed near intraday resistance for a gain of 18 pips as momentum started to slow.
Case Study 2
On GBPJPY M15 during the New York session, the red Trend Finder line crossed above the blue line, indicating bearish conditions.
A red Pips Hunter arrow followed, confirming the sell setup.
The trade was executed and managed until the price reached a support zone, resulting in a profit of 41 pips before an opposite signal appeared.
Strategy Tips
- Trade only when both indicators point in the same direction to improve consistency.
- Use M1 for fast scalps, M5 for balanced intraday trades, and M15 for more stable setups.
- Focus on liquid pairs such as EURUSD, GBPUSD, and GBPJPY for smoother price action.
- Avoid entering trades just before major economic news releases.
- Keep position sizes consistent to manage risk effectively.
- Exit trades early if market structure changes or momentum weakens.
- Practice the strategy on a demo account before applying it to live trading.
Download Now
Download the “trend-finder-indicator.ex4” Metatrader 4 indicator
FAQ
Does the default SSP period of 6 suit all traders?
The default period is ideal for short-term trades. Scalpers may lower it, while swing traders can increase it for smoother signals.
Can I use Trend Finder with other indicators?
Yes, combining it with moving averages, RSI, or support/resistance levels improves signal reliability and filters false entries.
Summary
Trend Finder delivers fast and reliable crossover signals for both buy and sell trades.
Its adjustable period allows customization for scalping, day trading, or swing strategies.
The indicator can be used alone or alongside other tools for better confirmation.
By focusing on line crossovers, traders can enter and exit positions efficiently while managing risk.
Experimenting with SSP settings and pairing with trend-confirming tools can improve accuracy and trading confidence.
