About the Forex Trade Assistant 1.14 Indicator
Forex Trade Assistant 1.14 is composed of the Stochastic, CCI, and RSI technical indicators and pops up in a bottom chart window of the trading platform.
By combining these three powerful oscillators, the indicator filters out market noise and identifies high-probability turning points.
It is designed to act as a secondary confirmation tool, ensuring that you only enter trades when several technical factors align in your favor.
Whether you are scalping or swing trading, having this dashboard at the bottom of your screen provides a comprehensive view of market conditions at a glance.
Free Download
Download the “Trade assistant.mq4” indicator for MT4
Key Features
- Integrates three classic oscillators to provide a weighted signal for current market momentum.
- Displays real-time trade recommendations across all standard timeframes from M1 to MN1.
- Features a compact dashboard layout that sits at the bottom of the chart to maintain visibility.
- Provides instant alerts when the technical criteria for a new trade setup are met.
- The Forex Trade Assistant 1.14 indicator can be used for both trade entry and exit or as an additional short-term trend filter.
- Highly compatible with other trend-following tools to build a robust trading system.
Indicator Chart
The chart illustrates the Forex Trade Assistant 1.14 indicator active in the sub-window of the MT4 platform.
It shows how the dashboard highlights specific timeframes with buy and sell signals based on the convergence of the RSI, CCI, and Stochastic indicators.
This setup makes it easy to spot when momentum is shifting across the entire market spectrum.
Guide to Trade with Forex Trade Assistant 1.14 Indicator
Using this assistant effectively involves looking for alignment across multiple periods to increase the probability of success.
Buy Rules
- Open a buy position when the buy signal appears on the chart for your chosen time frame.
- Ensure the higher timeframes also show a bullish or neutral bias on the dashboard.
- Wait for the current candle to close to confirm the recommendation.
- Confirm that the price is not trading directly into a major resistance level.
Sell Rules
- Open a sell position when the sell signal appears on the chart for your chosen time frame.
- Verify that the lower timeframe signals are also turning red for better timing.
- Execute the trade once the indicator window updates with a clear sell alert.
- Avoid selling at the very bottom of a significant support zone.
Stop Loss
- Place the stop loss a few pips below the most recent swing low for buy orders.
- Position the stop loss above the most recent swing high for sell orders.
Take Profit
- Close the position when the indicator generates an opposing signal on your entry timeframe.
- Set a fixed target at the next significant Fibonacci level or pivot point.
- Maintain a minimum risk-to-reward ratio of 1:1.5 to ensure long-term profitability.
Download Now
Download the “Trade assistant.mq4” indicator for Metatrader 4
Forex Trading Strategy with Trade Assistant 1.14 and Hama Jurik Candlestick Indicators
This strategy combines the analytical power of the Forex Trade Assistant 1.14 and the trend-smoothing capabilities of the Hama Jurik Candlestick indicator.
By combining directional bias, entry confidence, and filtered candlestick signals, this method aims to enhance trade accuracy, especially in trending market conditions.
What This Strategy Is About
The strategy is designed for both intraday and swing traders.
It identifies trend direction using the Hama Jurik Candlestick and confirms trade entries with the multi-filter confirmation from the Trade Assistant 1.14.
This combination helps filter out false signals and focus only on high-probability trade setups that align with both indicators.
Buy Rules
- Wait for the Hama Jurik Candlestick bars to turn blue/white, indicating a bullish trend.
- Ensure that the Trade Assistant 1.14 dashboard shows at least 5 out of 7 green confirmations across multiple timeframes.
- Enter the buy trade on the next candle open after both conditions are met.
- Set the Stop Loss just below the recent swing low.
- Set Take Profit based on a risk-reward ratio of 1:2 or at a key resistance level.
Sell Rules
- Wait for the Hama Jurik Candlestick bars to turn gray/white, indicating a bearish trend.
- Ensure that the Trade Assistant 1.14 dashboard shows at least 5 out of 7 red confirmations across multiple timeframes.
- Enter the sell trade on the next candle open after both conditions are met.
- Set the Stop Loss just above the recent swing high.
- Set Take Profit based on a risk-reward ratio of 1:2 or at a key support level.
Case Study 1
GBP/JPY M15 Chart Analysis (56-Day Sample Period):
- Total Signals: 60 trades
- Winning Trades: 40 (66.7%)
- Average Win: +32 pips
- Average Loss: -14 pips
- Net Result: +1000 pips over the testing period
Case Study 2
USD/CAD H4 Chart Analysis (6-Week Sample Period):
- Total Signals: 22 trades
- Winning Trades: 15 (68.2%)
- Average Win: +76 pips
- Average Loss: -30 pips
- Net Result: +930 pips over the testing period
Advantages
- Combines trend and confirmation signals to reduce false entries.
- Useful for multiple timeframes, from scalping to swing trading.
- Trade Assistant 1.14 provides a clear visual dashboard of trend alignment.
- Hama Jurik Candlestick reduces noise and offers smooth visual signals.
Drawbacks
- May lag during rapid market reversals due to confirmation delays.
- Trade Assistant signals can occasionally conflict with price action in ranging markets.
- Not suitable for use during low liquidity periods or during high-impact news events.
Strategy Tips
- Use this system during the London and New York sessions for the best results.
- Always check for major news events before entering trades.
- Consider demo testing the strategy before applying it to a live account.
- Avoid overtrading; focus on high-probability setups with clean alignment.
FAQ
How does the indicator calculate the buy and sell recommendations?
The dashboard processes data from the Relative Strength Index, Commodity Channel Index, and Stochastics.
When these three indicators reach specific overbought or oversold thresholds and begin to hook back, the assistant generates a recommendation for that specific timeframe.
Can I use the Forex Trade Assistant 1.14 for scalping?
Yes, it is very effective for scalping. Many traders use the M1 and M5 signals to find quick entries while ensuring the M15 or H1 trend is moving in the same direction.
This multi-timeframe confirmation helps avoid trading against the primary intraday flow.
Is it possible to disable specific timeframes in the dashboard?
The settings allow you to customize which timeframes are visible.
If you only trade the daily and four-hour charts, you can hide the lower timeframes to keep your interface focused on your specific strategy.
Summary
The Forex Trade Assistant 1.14 indicator for Metatrader 4 provides a streamlined way to monitor market momentum without cluttering your main price chart.
By consolidating three legendary indicators into one dashboard, it offers a high-level view of where the strength lies in the market.
Its ability to show signals across multiple timeframes simultaneously is a significant advantage for traders who need to maintain a broad perspective.
This tool is especially useful for those who want to avoid the trap of trading against the trend.
