Look 4 Trend Forex Signals is a free mt4 (Metatrader 4) indicator that displays precise buy & sell arrow signals in the main chart.
The indicator can be used as a standalone trading tool for both trade entry and exit, or as an additional filter that works together with an existing strategy or system of your preference.
Buy & Sell Trade Example
- A yellow arrow represents a buy signal.
- A red arrow represents a sell signal.
- Reverse the open trade whenever an opposite signal arrow appears on the chart.
For scalping 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
Download the “look4trend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Look 4 Trend Forex Signals 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 Look 4 Trend Forex Signals 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.
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.
