About the Munyuk indicator
The Munyuk indicator for MT4 is a short-term trend following tool designed to help traders identify bullish and bearish market conditions with speed and simplicity.
It focuses on capturing directional moves early, making it suitable for active trading styles that rely on momentum rather than long-term forecasting.
The indicator displays colored dots in a separate window below the price chart.
These dots reflect short-term trend direction and allow traders to quickly determine whether buying or selling pressure dominates the market.
The indicator performs best when aligned with a higher-period trend filter.
By trading in the direction of the broader trend, traders can improve consistency and reduce exposure to choppy price action.
This makes the indicator practical for scalping and day trading across liquid currency pairs.
Free Download
Download the “de-munyuk-indicator.ex4” MT4 indicator
Key features
- Short-term trend detection using colored dots.
- Separate window display for improved chart clarity.
- Fast response suited for scalping and intraday trades.
- Compatible with moving averages and trend filters.
Indicator chart
The image below shows the Munyuk indicator displayed in a separate window below the main price chart.
Green and red dots indicate short-term bullish and bearish trend conditions.
Guide to trade with the Munyuk indicator
Buy rules
- Confirm that the overall trend is bullish using a higher-period indicator.
- Wait for green dots to appear in the indicator window.
- Ensure red dots are no longer printing.
- Enter a buy trade at the close of the signal candle.
Sell rules
- Confirm that the overall trend is bearish using a higher-period indicator.
- Wait for red dots to appear in the indicator window.
- Ensure green dots are no longer printing.
- Enter a sell trade at the close of the signal candle.
Stop loss
- Set the stop loss a small fixed distance from the entry price.
- Keep the stop tight to match the short-term trade duration.
- Avoid widening the stop after trade entry.
Take profit
- Target a reward-to-risk ratio of at least 1:1.
- Close the trade when opposite dots begin to form.
- Take profits near short-term intraday levels.
- Exit the position if price momentum slows.
Munyuk Salper + Coron Trend Scalping Strategy for MT4
This strategy uses the Munyuk Salper Trend Following Indicator for entry signals and the Coron Forex Indicator for trend confirmation.
The Munyuk Salper marks green dots for buy signals and red dots for sell signals.
The Coron indicator paints bars green when market conditions favour bullish moves and red when bearish momentum dominates.
By combining a precise entry trigger with trend direction confirmation, this setup aims for fast scalping entries aligned with overall short-term bias.
This scalping method works best on 1-minute (M1) and 5‑minute (M5) charts, where moves can be captured quickly.
You only enter trades when both the Munyuk Salper dot and the Coron bar align in the same direction.
With tight stop losses and small profit targets, the strategy is designed for multiple quick trades during active forex sessions.
Buy Entry Rules
- Coron indicator bars are green, showing bullish trend context.
- Munyuk Salper displays a green dot, signaling a buy trigger.
- Enter a buy trade at the close of the signal candle (or at the next candle open).
- Place a stop loss a few pips below the recent swing low or just below the low of the signal candle, depending on pair volatility and time frame.
- Take profit when price moves a small distance (e.g. 5–12 pips on M1, 8–20 pips on M5).
- Or close when a red Coron bar appears or a red Munyuk Salper dot appears (sign of reversal).
Sell Entry Rules
- Coron indicator bars are red, showing bearish trend context.
- Munyuk Salper displays a red dot, signaling a sell trigger.
- Enter a sell trade at the close of the signal candle (or at the next candle open).
- Place a stop loss a few pips above the recent swing high or just above the high of the signal candle.
- Take profit when price moves a small distance (5–12 pips on M1, 8–20 pips on M5).
- Or exit when a green Coron bar appears or a green Munyuk Salper dot appears.
Advantages
- Entry signals are clear and easy to interpret: green dot + green bar for buy, red dot + red bar for sell.
- Works on very short timeframes (M1/M5), enabling multiple trades per session when market conditions are right.
- Combining trend confirmation with an entry signal helps avoid many false entries typical of noise on low timeframes.
- Fast trades with small targets reduce exposure to longer-term volatility and news risk.
- Flexible exit criteria (fixed pips or signal‑based) allow adaptation to changing volatility or price behavior.
- Suitable for many currency pairs with good liquidity, increasing opportunity frequency.
Drawbacks
- False signals in choppy or range‑bound markets can lead to multiple small losses.
- Because profit targets are small, a string of losses or one bad trade (e.g. wide spread or slippage) can wipe out several winners.
Case Study 1 – Buy Trade on EURUSD M5
During a London session on EURUSD M5, the Coron indicator painted consecutive green bars, showing bullish trend pressure.
A green dot from Munyuk Salper appeared after a small pullback.
A buy trade was opened at the next candle open.
Stop loss was placed 7 pips below the recent swing low.
Price moved upward and 15 pips profit was taken when a red Coron bar appeared, signaling weakening bullish pressure.
Case Study 2 – Sell Trade on GBPUSD M1
On GBPUSD M1 during a volatile New York session, the Coron indicator turned red, signalling a bearish context.
Soon after, Munyuk Salper displayed a red dot at the top of a small retracement.
A sell order was placed at the next candle.
Stop loss was set 5 pips above the recent swing high.
Price dropped quickly and after 11 pips profit, a green Munyuk dot appeared, triggering an exit.
Strategy Tips
- Focus on pairs with tight spreads and consistent volatility such as EURUSD, GBPUSD, USDJPY, AUDUSD, or GBPJPY for clearer moves.
- Always use a stop loss and keep lot sizes small because scalping involves many trades and risk management is essential.
- Do not chase every signal; skip setups when the market seems noisy or lacks momentum even if indicators align.
- Consider taking partial profits or moving stop losses to break-even once the price moves favorably to reduce risk while letting winners run.
- Set a daily loss limit. Stop trading if multiple trades result in losses to prevent emotional decisions.
Download Now
Download the “de-munyuk-indicator.ex4” Metatrader 4 indicator
FAQ
Which trading style suits the Munyuk indicator best?
The indicator is best suited for scalping and day trading where short-term momentum plays a key role.
Does the indicator work on higher timeframes?
It can be applied to higher timeframes, but it is primarily optimized for short-term trading conditions.
Can it be traded on its own?
It can be used alone, though performance improves when combined with a broader trend filter.
What market sessions are recommended?
Active sessions with strong liquidity tend to produce more reliable short-term trend signals.
Summary
The Munyuk indicator for MT4 offers a straightforward way to trade short-term trends using visual dot signals.
Its clean presentation and fast response make it suitable for traders who prefer quick entries and exits.
When aligned with a higher-period trend filter, the indicator supports disciplined scalping and day trading strategies.
Its simplicity, adaptability, and focus on momentum make it a useful addition to active trading setups.
