About the Perky Asctrend Forex Indicator
The Perky Asctrend Forex Indicator for Metatrader 4 is a trend-following signal indicator designed to highlight directional trading opportunities.
It analyzes price behavior and market momentum to determine when conditions favor buying or selling.
Signals are displayed directly on the main MT4 chart, allowing traders to stay focused on price action.
This indicator is popular due to its simplicity and adaptability.
When trend conditions align, the indicator prints colored circles that act as visual trade signals.
Blue circles indicate bullish conditions, while magenta circles indicate bearish conditions.
The indicator runs smoothly even with multiple charts open, making it practical for traders who monitor several markets simultaneously.
Free Download
Download the “PerkyAsctrend1.mq4” indicator for MT4
Key Features
- Trend-based buy and sell signal indicator.
- Displays blue and magenta circles on the main chart.
- Works on all currency pairs and timeframes.
- No complex configuration required.
Indicator Chart
The Perky Asctrend Forex indicator chart shows colored circles plotted directly on the price candles.
These circles mark potential shifts or continuations in trend direction.
Blue circles reflect bullish market bias, while magenta circles reflect bearish market bias.
The placement on the main chart allows traders to assess signal quality alongside recent price structure.
Guide to Trade with Perky Asctrend Forex Indicator
Buy Rules
- Wait for a blue colored circle to appear on the chart.
- Confirm that price is not trading into nearby resistance.
- Enter a buy trade at the close of the signal candle.
- Favor signals that align with the higher timeframe trend.
Sell Rules
- Wait for a magenta colored circle to appear on the chart.
- Ensure price is not sitting directly on strong support.
- Enter a sell trade at the close of the signal candle.
- Prefer signals that follow bearish market structure.
Stop Loss
- Protect buy trades with a stop placed below recent support.
- Protect sell trades with a stop placed above recent resistance.
Take Profit
- Target the next logical support or resistance zone.
- Allow trades to run while signals remain in the same direction.
- Consider trailing stops to lock in profits.
- Exit trades if an opposite colored circle appears.
Renko-Perky Forex Day Trading Strategy for MT4
This strategy combines the Perky Asctrend Forex Indicator with a Renko Boxes Forex Indicator to trade intraday setups.
The Perky Asctrend indicator gives clear blue (buy) or magenta (sell) dots, while the Renko boxes display trend direction: blue boxes indicate a bullish trend and red boxes indicate a bearish trend.
We use them together to isolate entries in the direction of the Renko trend and get signal confirmation from Perky Asctrend.
Because Renko filters price noise by using fixed “boxes” rather than time intervals, it’s especially helpful in volatile markets.
This strategy is made for day traders using 5-minute to 30-minute charts on major pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.
It’s meant for disciplined traders who want clean entries without overthinking.
Buy Entry Rules
- Ensure the Renko boxes are coloring blue (bullish trend).
- Wait for a blue circle dot from the Perky Asctrend indicator to appear on the price chart.
- Enter a buy position when both conditions align: blue Renko + Perky blue dot.
- Place the stop loss just below the most recent Renko low or a few pips under the blue box transition.
- Set a take profit equal to 1.5× or 2× the stop loss distance, or close when a magenta dot appears.
Sell Entry Rules
- Confirm the Renko boxes are red (bearish trend).
- Wait for a magenta circle dot from Perky Asctrend to show up.
- Enter a sell position when red Renko + magenta dot coincide.
- Put the stop loss just above the recent Renko high or above the red box boundary.
- Target a take profit of 1.5×–2× the stop distance, or exit on a blue dot.
Advantages
- Filters out noise by relying on Renko trend direction.
- Offers precise entries via the Perky Asctrend dots.
- Reduces whipsaw trades compared to pure indicator-based systems.
- Works well during active trading hours with momentum.
- Suitable for multiple currency pairs and moderate timeframes.
Drawbacks
- Delayed entries sometimes, since Renko needs price movement to build boxes.
- Not ideal in ranging or choppy markets, where Renko will flip often.
- Requires strict discipline to avoid overtrading on weak signals.
- Stop loss and take profit must be adjusted per pair volatility.
Example Case Study 1 – EUR/USD on M15
During the London session, EUR/USD began trending upward.
The Renko boxes turned blue, signaling bullish bias.
Shortly after, the Perky Asctrend indicator plotted a blue dot at 1.1105.
A buy trade was opened with a stop loss 12 pips below, just under the last Renko low, and a take profit set at 24 pips (2× risk).
Within the next 30 minutes, the price moved upward, hit the target, and closed the trade.
This shows how combining Renko direction with Perky’s dot gives filtered, high-probability entries.
Example Case Study 2 – GBP/USD on M10
In the mid-US session, GBP/USD reversed downward.
The Renko boxes switched to red, signaling bearish pressure.
Soon after, Perky Asctrend produced a magenta dot at 1.2850.
A sell trade was placed with a 15-pip stop just above the recent Renko high, and a take profit at 30 pips.
Over the next hour, the pair dropped, reaching the target.
The trade aligned with the trend shown by Renko boxes and got confirmation via Perky Asctrend.
Strategy Tips
- Use a modest lot size—this is a scalping or day trading style.
- Consider trailing stops once the trade moves in your favor.
- Test on demo first to calibrate stop loss and take profit distances per pair.
- If the Renko boxes flip before price moves much, skip that signal and wait for stability.
Download Now
Download the “PerkyAsctrend1.mq4” indicator for Metatrader 4
FAQ
What market conditions suit the Perky Asctrend indicator best?
The indicator performs best during sustained directional moves.
It is designed to capture trend momentum rather than sideways price action.
Does the indicator require custom settings?
Perky Asctrend works effectively with its default configuration.
Most traders prefer keeping the settings unchanged to maintain signal consistency.
Can it be used on instruments other than Forex?
Yes, the indicator can be applied to indices, commodities, and cryptocurrencies available on MT4.
Its logic is based on price behavior rather than a specific market.
How often does the indicator generate signals?
Signal frequency depends on the timeframe and market volatility.
Lower timeframes produce more frequent signals, while higher timeframes focus on stronger moves.
Summary
The Perky Asctrend Forex Indicator for MT4 offers traders a practical way to stay aligned with prevailing market direction.
Its on-chart signals eliminate the need for constant indicator interpretation.
The indicator adapts well to different markets and trading styles, making it suitable for both active and patient traders.
Its low resource usage allows it to run efficiently alongside other tools.
While no indicator can predict every market move, Perky Asctrend provides a disciplined framework for trend participation.
With proper trade management, it can become a dependable component of a long-term trading approach.
