The Precise Forex Signals Dashboard indicator for Metatrader 4 provides real trading signals for the most popular time frames.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The trading signals get displayed in a bottom chart window as a dashboard that works for the M5, M15, M30, H1, H4, and daily time frames.
It displays the buy/sell signal, direction, points range and profit points.
Buy & Sell Trade Example
- A green colored bullet is a buy signal.
- A red colored bullet is a sell signal.
The Precise Forex Signals Dashboard can also be used as an additional signals indicator that works together with an existing trading strategy or system of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “pairsindex.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Precise Forex Signals Dashboard mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the Precise Forex Signals Dashboard 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.
Zero-Lag Signal Forex Dashboard Day Trading Strategy for MT4
This strategy pairs the Precise Forex Signals Dashboard Indicator with the Zero-Lag Moving Average Indicator.
The dashboard gives clear, color-coded bullets (green for buy, red for sell), while the zero-lag MA shows trend bias.
Together, they filter noise and help you trade only when momentum aligns with trend direction.
It’s made for day traders wanting simple, visual cues.
Use it primarily on the M5 and M15 charts, where intraday swings and momentum shifts are frequent.
It works best on major forex pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.
The core idea: trade only when the dashboard gives a signal and the price is on the correct side of the zero-lag MA line.
Why This Strategy Works
The dashboard gives early signal bullets. But standalone signals often lead to false entries, especially in sideways markets.
The zero-lag MA helps you confirm whether prices are in a reliable trend (above = bullish, below = bearish).
Using both in tandem reduces trading against weak moves and increases the likelihood of riding real momentum.
Buy Entry Rules
- Confirm price is above the zero-lag MA line, indicating bullish trend bias.
- Wait for a green bullet from the Precise Signals Dashboard.
- Enter a buy at the close of the candle in which the green bullet appears.
- Put a stop loss a few pips below the recent swing low or a fixed buffer (e.g., 15–20 pips, depending on volatility).
- Set take profit at a risk: reward ratio of at least 1.5:1 or exit when a red bullet appears, whichever comes first.
Sell Entry Rules
- Confirm price is below the zero-lag MA line, indicating bearish trend bias.
- Wait for a red bullet from the dashboard.
- Enter a sell at the close of the candle where the red bullet appears.
- Stop loss a few pips above the recent swing high or a fixed buffer (e.g., 15–20 pips).
- Take profit on 1.5:1 times the risk, or exit when a green bullet appears.
Advantages
- Clear visual signals make execution fast and decisive.
- Trend filter (zero-lag MA) helps avoid counter-trend traps.
- Works well in intraday environments with sufficient volatility.
- Simple rules reduce emotional hesitation and overthinking.
Drawbacks
- False signals may still occur in ranging markets.
- Close stop losses may be hit due to retracements before continuation.
- This method may miss early reversals before the dashboard bullet triggers.
- In highly volatile news events, signals may lag or be unreliable.
Case Study 1 – GBP/USD (M5 Time Frame)
In the London session, the price moves above the zero-lag MA.
At 10:25, the dashboard shows a green bullet on GBP/USD.
Entry is taken at 1.2630 with a stop below the swing low at 1.2615 (15 pips).
Target is set at 1.2655 (risk-to-reward 1:1.67).
Over the next 30 minutes, GBP/USD rises steadily and hits the target.
That gives +25 pips. The alignment of trend and signal provided a clean entry with low drawdown.
Case Study 2 – AUD/USD (M15 Time Frame)
During the U.S. session, AUD/USD falls below the zero-lag MA, signaling bearish bias.
The dashboard issues a red bullet at 0.6840.
Entry is taken at 0.6840 with a stop at 0.6860 (20 pips) and a target at 0.6800 (target 40 pips, 1:2 risk-reward).
The pair declines over the next hour, reaching the target +40 pips.
The setup demonstrated how waiting for both the trend bias and the bullet improves odds.
Strategy Tips
- Only take signals when momentum is strong (use sessions like London and New York).
- If the price is very near the MA line, skip the trade to avoid whipsaws.
- Watch out around major economic news — either avoid trading or tighten risk settings.
- Consider trailing your stop once the trade is in profit by half the target.
- Backtest on each pair first to adjust stop/target based on volatility.
This setup gives you a disciplined way to trade intraday: only when the dashboard bullet aligns with the trend shown by the zero-lag moving average.
Use it consistently, manage risk, and avoid chasing weak signals.
