As the name suggests, the NRTR trend-following indicator for MT4 provides trend signals with suggested stop loss levels plotted on the chart.
The indicator appears as colored buy & sell dots on the main chart window.
The NRTR Trend-Following indicator is beginner-friendly and can be used as a standalone trading tool for both trade entry and exit.
Buy & Sell Trade Example
- A blue dot is a buy signal. Place the stop loss a few pips below the blue dots.
- A red dot is a sell signal. Place the stop loss a few pips above the red dots.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “NRTR.mq4” indicator for MT4
Indicator Chart (EUR/USD Weekly)
The example chart below displays the NRTR Trend-Following mt4 indicator in action.
After you downloaded and installed the indicator (mq4 or ex4 format) to the trading platform, it should look like the image as shown above.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the NRTR Trend-Following Forex 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.
Free Forex Scalping Indicator Forex Strategy for MT4
This MT4 scalping strategy combines the NRTR Trend Following Forex Indicator and the Free Forex Scalping Indicator to capture quick and precise intraday trades.
The NRTR Indicator identifies the current market direction through colored dots, while the Free Forex Scalping Indicator confirms entry timing with a histogram that turns green or red.
Together, they create a powerful scalping setup suitable for fast time frames like M1, M5, and M15.
The goal of this strategy is to enter trades in the direction of the established NRTR trend, only when the histogram confirms momentum.
It’s designed for active traders who prefer high-probability setups with defined stops and short profit targets.
Because both indicators react quickly to price action, this system works best on volatile pairs such as EUR/USD, GBP/JPY, and AUD/USD during major sessions.
Buy Entry Rules
- Wait until the NRTR Trend Following Indicator prints blue dots below the price, indicating an upward trend.
- Confirm that the Free Forex Scalping Indicator histogram turns green, showing bullish momentum.
- Enter a buy trade immediately when both signals align.
- Place the stop loss a few pips below the latest blue NRTR dot.
- Take profit after 10–20 pips or when the histogram turns red.
Sell Entry Rules
- Wait until the NRTR Trend Following Indicator prints red dots above the price, indicating a bearish trend.
- Confirm that the Free Forex Scalping Indicator histogram turns red, signaling strong downside momentum.
- Enter a sell trade when both signals appear in the same direction.
- Place the stop loss a few pips above the latest red NRTR dot.
- Take profit after 10–20 pips or when the histogram flips green.
Advantages
- Combines trend detection and momentum confirmation for greater accuracy.
- Provides clear visual cues for easy trade execution.
- Non-repainting signals make it reliable during live trading.
- Suitable for all major currency pairs and short-term trading sessions.
- Helps identify precise entries with small stop losses for improved reward-to-risk ratio.
Drawbacks
- Choppy or sideways markets can produce false signals and small losses.
- Frequent trades may increase transaction costs, especially on pairs with wider spreads.
- Requires fast execution; delays can affect profitability.
- Should not be used on higher time frames, as it’s optimized for scalping.
- Unexpected news events can invalidate setups and trigger reversals.
Case Study 1 – EUR/USD 5-Minute Chart
During the London session, the NRTR Indicator printed blue dots below the price at 1.0760, showing a developing bullish trend.
Soon after, the Free Forex Scalping Indicator’s histogram turned green.
A buy trade was opened at 1.0762, with a stop loss at 1.0752 and a take profit at 1.0782.
The price advanced steadily and hit the target within 25 minutes, generating a clean 20-pip profit.
The combined confirmation ensured that the trade followed both trend and momentum.
Case Study 2 – GBP/JPY 15-Minute Chart
On the GBP/JPY chart, the NRTR dots switched to red at 192.30, indicating a bearish reversal.
Shortly after, the Free Forex Scalping histogram turned red.
A sell trade was executed at 192.25 with a stop loss at 192.55 and a target at 191.90.
Within one hour, the price reached the target for a 35-pip gain.
The synchronization between both indicators provided an accurate entry point at the start of the downtrend.
Strategy Tips
- Focus on high-volume pairs like EUR/USD, GBP/JPY, and USD/CHF for the best performance.
- Trade during active sessions (London or New York) for stronger follow-through.
- Stick to small profit targets and exit as soon as the histogram changes color.
- Use proper money management: limit risk to 1–2% per trade and avoid overtrading.
- Always confirm that the trend direction (dots) matches the histogram color before entering.
