About the Super Mega Winner Forex Indicator
Super Mega Winner is a free Forex indicator built for Metatrader 4 that delivers lots of pips for any pair in trending currency markets.
It is a complete Forex system that consists of two signal lines together with an easy to follow buy and sell dots system.
In essence, you will only need to pay attention to the colored green and red dots to determine the current market bias.
This methodology allows for a high degree of precision when timing your participation in a move.
This system works by evaluating the strength of a trend and filtering out the minor price fluctuations that often lead to premature exits.
The dual-line component provides the structural context of the market, while the dots act as the final execution trigger.
Free Download
Download the “SuperMegaWinner.mq4” indicator for MT4
Key Features
- It uses a dual line signal system to filter out false momentum breakouts.
- The indicator provides instant entry triggers through a color coded dot system.
- The separate window placement ensures that your main price chart remains clean.
- The tool is compatible with any timeframe including intraday and daily charts.
Indicator Chart
The Super Mega Winner indicator chart features a sub-window located at the bottom of the platform containing two oscillating lines and a series of dots.
When the market enters a bullish phase, green dots begin to appear alongside the lines.
When the momentum shifts to the downside, the dots turn red.
By watching for the first dot of a new color, a trader can easily spot the beginning of a fresh momentum cycle.
Guide to Trade with Super Mega Winner Forex Indicator
Trading with this tool involves monitoring the bottom window for a change in dot color to confirm a new directional move.
Buy Rules
- Monitor the indicator window and wait for the signal lines to align for an upward move.
- Open a buy trade as soon as the first green colored dot gets printed on the bottom chart.
- Confirm the entry by ensuring the current price candle has closed above a recent support level.
Sell Rules
- Watch the separate window for signs that the upward momentum is beginning to exhaust.
- Open a sell trade as soon as the first red colored dot gets printed on the bottom chart.
- Confirm the signal by waiting for the candle to close and lock in the bearish bias.
Stop Loss
- Secure your buy entry by placing the stop loss a few pips below the most recent swing low.
- Protect your sell trade by positioning the stop loss slightly above the latest swing high.
Take Profit
- Close the open trade as soon as the first dot of the opposite color is displayed.
- Consider exiting the position if the price reaches a major psychological level or pivot point.
- You can also trail your stop loss to protect your profits as the trend extends.
Super Mega Winner + SuperTrend MTF Forex Day Trading Strategy
This strategy combines the Super Mega Winner Forex Indicator for MT4 and the SuperTrend MTF Forex Signal Indicator for MT4.
It is designed for day traders who seek clear entry signals and trend confirmation on medium time frames such as M30 or H1.
The Super Mega Winner indicator signals immediate entries with colored dots (green for buy, red for sell).
The SuperTrend MTF indicator adds trend direction confirmation (green line = uptrend, red line = downtrend).
By trading when both indicators agree, you reduce false signals and align with the dominant market momentum.
Buy Entry Rules
- Wait for the first green colored dot from the Super Mega Winner indicator on the chart — this triggers a potential buy.
- Confirm that the SuperTrend MTF line is green, indicating a confirmed buy trend.
- Enter a buy trade as soon as both conditions align (on the closing of the signal candle).
- Place stop loss just below the recent swing low or a fixed distance (e.g., 30–40 pips).
- Set take profit at a target of around 2× the stop loss (e.g., if stop is 30 pips, target about 60 pips)
- Or trail the stop when the SuperTrend line changes color to red.
Sell Entry Rules
- Wait for the first red colored dot from the Super Mega Winner indicator, indicating a potential sell.
- Confirm the SuperTrend MTF line is red, showing a downward trend.
- Enter a sell trade once both indicators agree (after the signal candle closes).
- Place stop loss just above the recent swing high or a fixed amount (e.g., 30–40 pips).
- Set take profit around 2× stop loss (e.g., 60 pips if stop is 30)
- Or exit when the SuperTrend line flips to green.
Advantages
- Clear and simple visual signals: the colored dot and trend line ensure you only enter well-aligned trades.
- Trend confirmation improves probability: trading with the trend rather than against it.
- Suitable for multiple major currency pairs and day-trading time frames.
- Allows defined risk and reward: stop loss and take profit levels are clear.
- Works well during active sessions (e.g., London, New York) when trending conditions prevail.
Drawbacks
- The SuperTrend line may lag a little during sharp reversals, causing the signal to come a bit late and reducing potential profit.
- Requires disciplined risk management because even well-aligned signals still carry risk.
- This system demands that both indicators agree — if you force entries without confirmation, the reliability drops significantly.
Example Case Study 1 – AUDUSD H1
On the AUDUSD H1 chart, at 0.6580, the Super Mega Winner indicator printed the first green dot after a pullback.
At the same time, the SuperTrend line was green, confirming the uptrend.
A buy trade was opened at 0.6585 with a 35-pip stop loss below the recent swing low at 0.6550.
The take profit target was set at 70 pips.
The pair moved upward steadily during the London session and hit 0.6655, securing a 70-pip profit.
The trend remained strong, and there was no signal reversal during the move.
Example Case Study 2 – NZDJPY M30
On the NZDJPY M30 chart, at 90.45, a red dot appeared from the Super Mega Winner indicator as the SuperTrend line had flipped red, indicating a downtrend.
A short trade was entered at 90.40, stop loss placed at 90.80 (40 pips), target set at around 80 pips (depending on volatility).
The price dropped to 89.65 within a few hours, yielding about 75 pips profit.
The line remained red throughout, so the trade rode the momentum effectively.
Strategy Tips
- Before taking any trade, zoom out to identify key support and resistance levels. Avoid buying near major resistance or selling near strong support.
- If the price consolidates for several candles after a signal, wait for a clear breakout before entering to reduce fake signals.
- Use a trailing stop after the trade moves 30–40 pips in profit to capture extended trends while minimizing risk.
- For best accuracy, align trades with the daily trend direction — it increases consistency and reduces drawdowns.
Download Now
Download the “SuperMegaWinner.mq4” indicator for Metatrader 4
FAQ
Can I use this indicator for scalping on the one minute timeframe?
Yes, the system is highly effective for scalping because it reacts quickly to changes in price velocity.
On lower timeframes like the M1 or M5, it helps identify quick bursts of momentum during the London and New York overlaps.
For the best results, only take signals that align with the trend direction of the 15 minute or 1 hour chart to avoid trading against the primary flow.
How do the two signal lines assist in the trading process?
The two lines act as a filter for the dots.
When the lines cross or move in a specific direction, they provide the context for the dots that follow.
If the lines are moving upward and a green dot appears, the signal has a higher probability of success.
If the lines are flat, it may indicate a ranging market where it is better to stay on the sidelines until a clear direction emerges.
Summary
The Super Mega Winner for MT4 is an effective momentum tool that assists in determining the appropriate timing for market entries.
By offering a visual representation of trend strength through its unique dot system, it helps you avoid the common mistake of entering a trade too late.
This tool helps traders maintain a consistent routine by highlighting levels where the market is statistically likely to continue its path.
Using this indicator allows you to filter high risk trades and focus on high conviction momentum shifts.
