The Trend Magic Forex indicator for Metatrader 4 creates powerful buy/sell signals based on a secret formula that can be used by any trader.
The indicator appears in the main MT4 chart window as a bi-colored signal line.
Trend Magic can be used by both beginners and seasoned traders and is non-repaint.
Buy & Sell Trade Example
- Open a buy trade as soon as the blue signal line pops up on the chart.
- Open a sell trade as soon as the red signal line pops up on the chart.
The indicator can be used for both trade entry and exit or as an additional B/S signals indicator that works together with your own favorite trading strategy or system.
Free Download
Download the “Trend Magic.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The example chart below displays the Trend Magic mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this powerful indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
Scalping Strategy MT4: Trend Magic Indicator + Scalping Arrows
This scalping strategy combines the Trend Magic indicator’s trend line (blue for buy, red for sell) with the Best Forex Scalping Indicator’s arrow signals (blue arrow for buy, red arrow for sell).
The strategy aims to scalp short-term moves by entering trades only when both the trend direction and arrow signal align.
It works best on 5-minute or 15-minute charts for major forex pairs.
Buy Entry Rules
- Ensure the Trend Magic line is blue, indicating a buy trend.
- Wait for the Scalping Indicator to display a blue arrow in the same direction.
- Open a buy trade immediately when the arrow appears and the Trend Magic line is blue.
- Place the stop loss a few pips below the most recent swing low or support.
- Set take profit at a 1:1 or 1.5:1 risk-to-reward ratio, or trail stop as price moves in your favor.
Sell Entry Rules
- Ensure the Trend Magic line is red, indicating a sell trend.
- Wait for the Scalping Indicator to display a red arrow in the same direction.
- Open a sell trade immediately when the arrow appears and the Trend Magic line is red.
- Place the stop loss a few pips above the most recent swing high or resistance.
- Set take profit at a 1:1 or 1.5:1 risk-to-reward ratio, or trail stop as price moves in your favor.
Advantages
- Two confirming signals reduce false entries.
- Short timeframes allow multiple daily opportunities.
- Simple and easy-to-follow rules.
- Captures quick moves in trending markets.
Drawbacks
- Scalping requires discipline and fast execution.
- Not suitable for traders who cannot monitor trades actively.
Case Studies
Case Study 1: USD/CHF 5-Minute Chart
The Trend Magic line turned blue, signaling a buy trend.
A blue arrow appeared from the Scalping Indicator.
A buy trade was opened at 0.9280 with a stop loss at 0.9270 and a take profit at 0.9295.
The trade captured 15 pips as the price moved quickly upward, showing how combining the trend line and arrow provides a clean, fast entry.
Case Study 2: AUD/JPY 15-Minute Chart
The Trend Magic line turned red, indicating a downtrend.
A red arrow appeared from the Scalping Indicator.
A sell trade was opened at 95.45 with a stop loss at 95.60 and a take profit at 95.25.
Price moved down steadily and reached the target, yielding 20 pips.
Strategy Tips
- Focus on forex pairs with high liquidity.
- Use 5-minute or 15-minute charts for optimal scalping.
- Trade only when the Trend Magic line and arrow signal align.
- Use a broker with fast execution and low latency.
- Consider trailing stops to lock in profits during favorable moves.
- Stick to the rules and do not chase trades outside confirmed signals.
