About the Grid Round Numbers Indicator
The Grid Round Numbers indicator for MT4 is a simple yet effective price action tool that automatically plots round number levels on the trading chart.
These levels represent psychologically important price zones where market participants often make trading decisions.
Round numbers such as 1.1000, 1.1050, or 1.1200 tend to attract attention from both retail and institutional traders.
Orders are frequently clustered around these levels, which can lead to reactions such as pauses, reversals, or strong breakouts.
This indicator helps traders visualize those zones without manually drawing lines.
The grid spacing can be fully customized.
For example, setting the value to 50 will plot a horizontal line every 50 pips.
This allows traders to adapt the indicator to different instruments, volatility conditions, and timeframes.
Line color and style can also be adjusted from the input settings, making it easy to integrate the indicator into any chart layout. I
t works across all currency pairs and timeframes and can be combined with other technical or price action tools.
Free Download
Download the “Grid Round Numbers.ex4” MT4 indicator
Key Features
- Automatically draws round number price levels.
- Customizable grid spacing in pips.
- Adjustable line color and style.
- Works on all MT4 timeframes and symbols.
- Supports price action and level-based strategies.
Indicator Chart
The chart shows the Grid Round Numbers indicator applied to an MT4 price chart.
Horizontal grid lines mark key round number levels where price often reacts.
These levels can be used to plan entries, manage risk, and define exit zones based on market behavior.
Guide to Trade with Grid Round Numbers Indicator
Buy Rules
- Look for buy setups when price reacts bullishly near a round number level.
- Enter buy trades when price rejects a round number from above or breaks and holds above it.
- Confirm entries with bullish price action or trend alignment.
- Avoid buying directly below a nearby round number.
Sell Rules
- Look for sell setups when price reacts bearishly near a round number level.
- Enter sell trades when price rejects a round number from below or breaks and holds below it.
- Confirm entries with bearish price action or trend alignment.
- Avoid selling directly above a nearby round number.
Stop Loss
- Place the stop loss below the round number level for buy trades.
- Place the stop loss above the round number level for sell trades.
- Keep stop placement consistent across similar setups.
Take Profit
- Set the take profit at the next round number level in the trade direction.
- Scale out of positions as price approaches major round numbers.
- Use fixed risk to reward ratios combined with round number targets.
- Trail stops once price moves decisively away from the entry level.
Grid Round Numbers + Super Half Trend Forex Strategy
This strategy combines the Grid Round Numbers MT4 Indicator and the Super Half Trend MT4 Indicator for structured trend-based trading.
The Grid Round Numbers indicator draws horizontal lines on major round numbers, acting as natural support and resistance levels where price often reacts.
The Super Half Trend indicator provides entry signals with blue arrows for buy trades and red arrows for sell trades.
By combining these indicators, traders can enter trades in the direction of the trend while respecting key psychological price levels.
This strategy works well on M15, M30, and H1 charts, making it suitable for day trading and swing trading on major currency pairs.
Buy Entry Rules
- Price must be approaching or slightly above a round number support level from the Grid Round Numbers indicator.
- Super Half Trend prints a blue arrow, signaling a buy.
- Enter long at the close of the blue arrow candle.
- Stop loss placed below the nearest round number line or recent swing low.
- Take profit options:
- Fixed target: 25–50 pips depending on timeframe (M15: 25–35, M30: 35–50, H1: 50+).
- Exit if the Super Half Trend arrow changes color from blue to red.
- Partial exit: secure half profits at the first target, hold the rest until arrow reversal.
Sell Entry Rules
- Price must be approaching or slightly below a round-number resistance level.
- Super Half Trend prints a red arrow, signaling a sell.
- Enter short at the close of the red arrow candle.
- Stop loss placed above the nearest round number line or recent swing high.
- Take profit options:
- Fixed target: 25–50 pips depending on timeframe (M15: 25–35, M30: 35–50, H1: 50+).
- Exit if the Super Half Trend arrow changes from red to blue.
- Partial exit: secure half profits at first target, hold the rest until arrow reversal.
Advantages
- Combines trend-following signals with psychological support/resistance levels.
- Clear visual cues make it easy to identify high-probability setups.
- Works across multiple timeframes for flexible trading.
- The partial exit option allows better risk management.
- Suitable for day trading and swing trading on major pairs.
Drawbacks
- Round number reactions may fail in strong trending markets.
- False Super Half Trend arrows can occur in sideways markets.
- Requires monitoring the price near round numbers for optimal entries.
Example Case Study 1: EUR/USD on M15
EUR/USD approached the 1.1000 round number, acting as support.
The Super Half Trend indicator printed a blue arrow, signaling a buy.
A long trade was entered at the candle close with a stop just below 1.1000.
Price moved higher and hit a 30-pip take-profit target.
The trade could have been held longer using the arrow reversal exit rule, which would have captured an additional 10 pips.
Example Case Study 2: GBP/JPY on H1
GBP/JPY approached the 172.50 round number resistance.
The Super Half Trend indicator showed a red arrow, signaling a sell.
A short trade was placed with a stop above the 172.50 level.
The pair moved lower, hitting a 55-pip target before the arrow reversed from red to blue, closing the remaining position.
Strategy Tips
- Only take trades when the price is near a round number and the arrow signal confirms direction.
- Use partial exits to lock in profits while allowing the trend to continue.
- Avoid trading exactly at round numbers during news events to reduce the risk of spikes.
- Monitor volatility to adjust stop-loss distance appropriately around round numbers.
Download Now
Download the “Grid Round Numbers.ex4” Metatrader 4 indicator
FAQ
Why are round numbers important in forex trading?
Round numbers often attract orders from traders and institutions.
This can lead to increased activity and visible price reactions around these levels.
How do I choose the best grid spacing?
Lower volatility pairs may work well with tighter spacing such as 25 or 50 pips.
Higher volatility pairs often benefit from wider spacing like 100 pips.
Summary
The Grid Round Numbers indicator for MT4 provides a clean and practical way to track psychological price levels.
Automatically plotting round numbers removes the need for manual chart marking.
Its flexibility and simplicity make it suitable for a wide range of trading styles.
When combined with disciplined risk management and price action confirmation, the indicator can enhance trade planning, execution, and exit precision.
