About the Look 4 Trend Forex Signals Indicator
The Look 4 Trend Forex Signals Indicator for Metatrader 4 is a signal-based trading tool that provides buy and sell arrows directly on the price chart.
These arrows are designed to help traders act quickly when market conditions align with trend-based opportunities.
The indicator is displayed in the main MT4 chart window and uses simple visual arrows to indicate potential trade direction.
A yellow arrow signals a possible buying opportunity, while a red arrow signals a potential selling opportunity.
This straightforward approach allows traders to focus on execution rather than complex analysis.
Look 4 Trend Forex Signals can be used as a complete trading solution for both entries and exits.
It can also act as an additional confirmation layer when combined with another strategy, such as trend-following or momentum-based systems.
Because the signals are generated automatically, the indicator is suitable for traders who want a disciplined and repeatable approach to the market.
Free Download
Download the “look4trend.mq4” indicator for MT4
Key Features
- Displays buy and sell arrows directly on the chart
- Yellow arrows for buy signals and red arrows for sell signals
- Can be used for both trade entry and exit
- Works as a standalone tool or as a strategy filter
- Compatible with all currency pairs
- Suitable for multiple timeframes
Indicator Chart
The chart example shows the Look 4 Trend Forex Signals Indicator applied to an MT4 chart.
Yellow arrows appear below the price to indicate buy opportunities, while red arrows appear above the price to indicate sell opportunities as the trend develops.
Guide to Trade with Look 4 Trend Forex Signals Indicator
Buy Rules
- Wait for a yellow arrow to appear on the chart
- Open a buy trade at the close of the signal candle
Sell Rules
- Wait for a red arrow to appear on the chart
- Open a sell trade at the close of the signal candle
Stop Loss
- Place the stop loss below the most recent swing low for buy trades
- Place the stop loss above the most recent swing high for sell trades
- Adjust the stop distance based on the selected timeframe
Take Profit
- Close the trade when an opposite arrow appears
- Alternatively, target recent highs or lows
- Partial exits can be used to lock in profits
Practical Tips
- Reverse the open trade when an opposite signal arrow appears
- Use higher timeframes to reduce signal frequency
- Combine with a trend confirmation indicator for added confidence
Look 4 Trend + Zero Lag MACD MT4 Trading Strategy
The combination of the Look 4 Trend Forex Signals Indicator and the Zero Lag MACD Indicator for MT4 provides traders with an efficient way to identify trend direction and momentum with minimal delay.
This system is designed for day trading and short-term swing setups on the 15-minute to 1-hour charts.
It works best for traders who prefer to follow clear, visual signals and want to avoid lagging entries that often occur with traditional MACD indicators.
The Look 4 Trend indicator generates precise yellow and red arrows that signal potential buy and sell opportunities.
These signals are filtered through the Zero Lag MACD, which reacts faster to price changes compared to the standard MACD.
When both indicators align, traders can enter with confidence in the direction of the dominant market momentum.
Buy Entry Rules
- Wait for a yellow arrow from the Look 4 Trend indicator to appear on the chart.
- Confirm that the Zero Lag MACD histogram is above the zero line, indicating a bullish trend.
- Enter the buy trade on the next candle after confirmation.
- Set the stop loss just below the most recent swing low or 15 pips below the entry, whichever is greater.
- Take profit when the MACD histogram starts to flatten or a red arrow appears from the Look 4 Trend indicator (target 20–35 pips for most pairs).
Sell Entry Rules
- Wait for a red arrow from the Look 4 Trend indicator to appear on the chart.
- Confirm that the Zero Lag MACD histogram is below the zero line, showing bearish momentum.
- Enter the sell trade on the next candle after confirmation.
- Set the stop loss just above the most recent swing high or 15 pips above the entry.
- Take profit when the histogram flattens or a yellow arrow appears, signaling a reversal (target 20–35 pips).
Advantages
- Zero Lag MACD reduces delay, improving entry timing during fast markets.
- Works well on major pairs such as EUR/USD, GBP/USD, and USD/JPY.
- Simple rules make it suitable for beginners and quick intraday decisions.
Drawbacks
- Signals may appear too frequently during ranging or sideways markets.
- False signals can occur without confirmation from the MACD momentum.
Example Case Study 1 – EUR/USD 15-Minute Chart
On the EUR/USD 15-minute chart, a yellow arrow appeared near 1.0710 with the Zero Lag MACD histogram turning positive.
A buy entry was taken at 1.0712, and the trade reached 1.0742 within two hours for a gain of 30 pips.
The histogram began flattening, signaling to exit before a minor retracement began.
Example Case Study 2 – GBP/JPY 30-Minute Chart
During the London session, GBP/JPY showed a red arrow from Look 4 Trend at 193.45, confirmed by the MACD histogram dropping below zero.
The pair declined rapidly to 193.00, providing a 45-pip move.
The histogram later flattened, suggesting profit-taking before a reversal.
Strategy Tips
- Trade only when the MACD confirms the arrow direction to filter out weak setups.
- Avoid trading just before major news events; volatility can invalidate signals.
- Use the strategy on pairs with tight spreads like EUR/USD and AUD/USD for better scalping efficiency.
- Combine with a trailing stop once profit exceeds 20 pips to lock in gains.
- Review the market structure—avoid taking trades against clear higher timeframe trends.
This strategy works best when traders are patient enough to wait for confirmation from both indicators.
The Look 4 Trend provides the signal, while the Zero Lag MACD validates the strength of that move, helping you stay aligned with real momentum rather than short-term noise.
Download Now
Download the “look4trend.mq4” indicator for Metatrader 4
FAQ
Can this indicator be traded on its own?
Yes, the Look 4 Trend Forex Signals Indicator can be used as a standalone system by entering on arrows and exiting on opposite signals.
Does the indicator generate frequent signals?
Signal frequency depends on market conditions and timeframe. Trending markets usually produce more reliable setups.
Which timeframe works best with this indicator?
It can be used on any timeframe, though M15 to H1 are commonly chosen for balanced trade frequency.
Is this indicator suitable for beginners?
The arrow-based signals make it easy to follow, which can help less experienced traders stay consistent.
Summary
The Look 4 Trend Forex Signals Indicator for MT4 offers a straightforward way to trade market direction using automated buy and sell arrows.
Its simple logic helps traders focus on execution rather than constant analysis.
The indicator works well on its own and combines effectively with another indicator in the strategy section to improve timing and overall trade management.
