The free Sniper Forex Trend Dashboard indicator for Metatrader 4 follows the most profitable trend for 9 different time frames and provides trading signals.
The indicator appears in the main MT4 chart window as a typical buy and sell signal arrow indicator dashboard.
Buy & Sell Trade Example
- A buy signal occurs when the green UP arrow appears for your chosen time frame.
- A sell signal occurs when the red DOWN arrow appears for your chosen time frame.
- Strong trends occur when most time frame signals (green or red) point in the same direction.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “ninetfmovement.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Sniper Forex Trend Dashboard mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Sniper Forex Trend 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: Dashboard
Does it repaint? No.
Sniper Reflex Forex Scalping Strategy for MT4
The Sniper Reflex MT4 Scalping Strategy is a fast-paced, precision-driven method that combines the Sniper Forex Trend Dashboard and the Reflex Buy Sell Forex Scalper.
This setup is designed for intraday traders who prefer high-accuracy entries with minimal lag.
By combining multi-timeframe confirmation from the Sniper Dashboard with direct price action signals from Reflex Scalper, traders can detect strong short-term reversals and trend continuations with remarkable precision.
The strategy works best on lower time frames such as M1, M5, and M15.
It’s particularly suited for active scalpers and short-term day traders trading pairs like EURUSD, GBPJPY, and AUDUSD.
The Sniper Dashboard provides a clear overview of the overall trend direction across multiple time frames, while the Reflex Scalper identifies pinpoint entry points using its dynamic blue and
orange signal lines.
Buy Entry Rules
- Wait for the green UP arrow to appear on the Sniper Forex Trend Dashboard for your chosen time frame.
- Confirm that most other time frames on the dashboard are also showing green arrows, indicating a strong bullish alignment.
- On the Reflex Scalper, wait for the blue line to appear, signaling a buy opportunity.
- Enter a buy trade immediately after both signals align.
- Place a stop loss 10–15 pips below the recent swing low.
- Take profit at the next resistance level or at a fixed 20–30 pips target.
Sell Entry Rules
- Wait for the red DOWN arrow to appear on the Sniper Forex Trend Dashboard for your chosen time frame.
- Confirm that most other time frames also show red arrows, confirming a strong bearish momentum.
- On the Reflex Scalper, wait for the orange line to appear, signaling a sell setup.
- Enter a sell trade after both indicators align.
- Place a stop loss 10–15 pips above the recent swing high.
- Take profit at the next support area or at a fixed 20–30 pips target.
Advantages
- Combines multi-timeframe trend confirmation with precise scalping entries.
- Easy to follow visually, suitable for beginner to advanced traders.
- High frequency of trading opportunities on short time frames.
- Works effectively during volatile market sessions like London and New York.
- Minimizes false entries through double confirmation from two indicators.
Drawbacks
- Not ideal for ranging or low-volatility markets.
- Frequent signals may lead to overtrading if discipline is lacking.
- Requires fast execution and low spreads for best results.
- May generate whipsaws during high-impact news releases.
Example Case Study 1 – EURUSD M5 Chart
On the EURUSD M5 chart, the Sniper Dashboard showed green arrows across M1, M5, and M15 time frames, confirming a strong bullish setup.
A few moments later, the Reflex Scalper printed a blue line at 1.0680, signaling a buy entry.
The trade was executed with a stop loss at 1.0665 and a take profit at 1.0710.
Within 45 minutes, the target was hit for a gain of +30 pips.
This setup worked perfectly due to the synchronized alignment of both indicators showing momentum in the same direction.
Example Case Study 2 – GBPJPY M15 Chart
On the GBPJPY M15 chart, the Sniper Dashboard displayed multiple red arrows from M1 to H1, confirming bearish strength.
The Reflex Scalper then plotted an orange line near 194.25, signaling a sell.
A short trade was opened with a stop loss at 194.55 and a take profit at 193.60.
The price quickly moved in favor, reaching the target within an hour and delivering +65 pips profit.
The key to success in this trade was waiting for both the dashboard and the Reflex line to agree before entry.
Strategy Tips
- Always check that most time frames on the Sniper Dashboard point in the same direction before entering a trade.
- Avoid trading when the dashboard shows mixed colors, as it signals market indecision.
- Use this method mainly during high liquidity hours (London and New York sessions) for better results.
- Consider partial profit-taking at 20 pips and move your stop loss to break even to protect profits.
- Always monitor news events, as scalping systems can produce false signals during high volatility spikes.
The Sniper Reflex MT4 Scalping Strategy delivers fast, accurate, and visually simple trading decisions by combining the multi-timeframe clarity of the Sniper Forex Trend Dashboard with the precision entries from the Reflex Buy Sell Forex Scalper.
Traders looking for consistent short-term profits can benefit from this dynamic and well-balanced setup.
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Download the “ninetfmovement.mq4” indicator for Metatrader 4
