Lucky Reversal Indicator (MT4)

Lucky Reversal is a free mt4 (Metatrader 4) indicator that identifies and displays trend reversal points in the currency market.

The indicator can be used as a standalone trading tool for both trade entry and exit.

It can also be used as an additional counter-trend filter that works together with an existing strategy or system.

For scalping on the lower time frames, 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

The picture below shows the Lucky Reversal mt4 indicator in action on the trading chart.

Trading Tips:

Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Lucky Reversal 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: Trend reversal

Does the indicator repaint? No.