About the LeMan Forex System Indicator
The LeMan Forex System Indicator for MT4 is a complete trading solution designed to guide traders through the entire trade process.
It provides entry signals, stop loss placement, and take profit targets directly on the chart, removing the need for guesswork.
The indicator is displayed in the main MT4 chart window and combines green and red signal dots with a dynamic trading channel.
The dots signal potential trade entries, while the channel acts as a visual guide for managing risk and profit levels.
This makes the system easy to follow, even during fast-moving market conditions.
Because all trading elements are shown visually, the LeMan Forex System is well designed for beginners and scalpers who want a simple yet effective approach.
Free Download
Download the “LeManSystem.mq4” indicator for MT4
Key Features
- Complete trading system with entry, stop loss, and take profit
- Green and red dots for clear buy and sell signals
- Dynamic channel used for trade management
- Displayed directly on the MT4 price chart
- Beginner-friendly and easy to follow
- Suitable for scalping and short-term trading
Indicator Chart
The chart shows the LeMan Forex System Indicator applied to an MT4 chart.
Green and red dots mark buy and sell opportunities, while the colored channel defines stop loss and take profit zones.
The channel slope helps confirm trend direction and trade validity.
Guide to Trade with the LeMan Forex System Indicator
Buy Rules
- Wait for a green colored dot to appear on the chart
- Confirm that the trading channel is sloping upward
- Open a buy trade immediately after the signal appears
Sell Rules
- Wait for a red colored dot to appear on the chart
- Confirm that the trading channel is sloping downward
- Open a sell trade immediately after the signal appears
Stop Loss
- For buy trades, place the stop loss just below the green channel line
- For sell trades, place the stop loss just above the red channel line
- Allow sufficient room for normal price movement
Take Profit
- For buy trades, set the take profit near the red channel line
- For sell trades, set the take profit near the green channel line
- Use the channel as a visual exit reference
Practical Tips
- Avoid trading when the channel is flat or compressed
- Best results occur when signals align with the channel slope
- Active market sessions tend to produce cleaner moves
- Limit the number of simultaneous trades to reduce exposure
Leman Forex System + SuperTrend NRP MT4 Scalping Strategy
This MT4 scalping strategy combines the power of the Leman Forex System Indicator and the SuperTrend NRP Forex Indicator to create a clear, rule-based method for identifying fast trades in the direction of the trend.
It is especially useful for traders who prefer accuracy and visual clarity when making quick intraday decisions.
The SuperTrend NRP Indicator defines the current market trend, while the Leman Forex System generates precise entry signals.
When both align, the setup produces reliable scalping opportunities with minimal confusion.
The system performs best on M5 and M15 charts, making it suitable for active traders who want frequent setups across different pairs such as AUD/USD, EUR/JPY, and NZD/CHF.
How the Strategy Works
The SuperTrend NRP acts as the trend filter.
When its line is green, the market is in a bullish phase. When it turns orange, the trend is bearish.
The Leman Forex System then gives entry confirmation through colored dots.
A green dot signals a buy entry, and a red dot signals a sell entry.
By waiting for both indicators to align, traders can avoid countertrend trades and focus on high-probability setups.
Buy Entry Rules
- Wait for the SuperTrend NRP line to turn green, confirming an uptrend.
- Enter when a green dot appears from the Leman Forex System Indicator.
- Place the stop loss just below the most recent swing low or below the SuperTrend line.
- Set the take profit at 1.8x the stop loss distance or exit when the SuperTrend line turns orange.
- Optionally, close half of the position once the price moves 15 pips in profit and let the rest trail behind the SuperTrend line.
Sell Entry Rules
- Wait for the SuperTrend NRP line to turn orange, confirming a downtrend.
- Enter when a red dot appears from the Leman Forex System Indicator.
- Place the stop loss just above the most recent swing high or above the SuperTrend line.
- Set the take profit at 1.8x the stop loss distance or exit when the SuperTrend line turns green.
- Optionally, take partial profits at 15 pips and trail the remaining portion behind the SuperTrend line.
Advantages
- Combines a dynamic trend filter with precise entry points for higher accuracy.
- Non-repainting SuperTrend ensures stable and reliable trend direction.
- Simple and easy-to-follow setup suitable for all skill levels.
- Works across various instruments, including major and cross-currency pairs.
- An adaptable take-profit method allows flexible trade management.
Drawbacks
- Fewer trade signals during sideways market phases.
- False signals can occur during sudden news-driven spikes.
- Requires close monitoring on lower time frames for optimal entries.
- Not ideal during extremely low volatility sessions.
Example Case Study 1: AUD/USD M5
On an AUD/USD M5 chart, the SuperTrend NRP line turned green around 0.6650, showing bullish strength.
A few candles later, a green dot appeared from the Leman Forex System at 0.6655.
A buy trade was opened with a 10-pip stop loss and a target set at 18 pips (1.8x risk).
The price advanced to 0.6673 within 25 minutes, closing the trade for an 18-pip profit.
Traders who used a trailing stop could have captured a few additional pips as the trend continued upward.
Example Case Study 2: EUR/JPY M15
On a EUR/JPY M15 chart, the SuperTrend NRP turned orange near 163.70, signaling a bearish trend.
Soon after, the Leman Forex System displayed a red dot at 163.60.
A sell order was placed at that level with a stop loss of 15 pips and a target of 27 pips.
The pair dropped sharply to 163.33 within the same session, hitting the target for a clean 27-pip gain.
Exiting when the SuperTrend changed color would have yielded a similar result.
Strategy Tips
- Use the M5 or M15 time frame for faster setups and higher trading frequency.
- Focus on pairs with tight spreads to minimize transaction costs.
- Avoid trading during low-volume periods such as the last hours of the New York session.
- Combine with a simple moving average or support/resistance analysis for additional confirmation.
- Backtest the setup on different pairs to identify which instruments perform best with your trading style.
This scalping strategy using the Leman Forex System Indicator and the SuperTrend NRP Forex Indicator provides a structured, easy-to-follow method to capture quick profits while maintaining solid risk control.
It allows traders to align momentum with clear signal confirmation, making it one of the more effective MT4 scalping setups for disciplined intraday trading.
Download Now
Download the “LeManSystem.mq4” indicator for Metatrader 4
FAQ
Is the LeMan Forex System suitable for scalping?
Yes. The system is designed for fast execution and works well on lower timeframes where frequent price movements occur.
Which timeframes are most commonly used?
Many traders use M5 to M15 for scalping, while others prefer higher timeframes for more controlled trade management.
Can beginners trade with this system?
Yes. The visual signals and channel-based guidance make it easy to follow without advanced technical knowledge.
Summary
The LeMan Forex System Indicator for MT4 offers a practical and disciplined way to trade Forex using visual signals and dynamic trade management.
By combining entries, stop loss, and take profit in one system, it reduces hesitation and improves consistency.
Its simplicity makes it accessible for new traders, while its rule-based logic appeals to experienced scalpers.
The system adapts well to different market conditions and timeframes.
The LeMan Forex System combines effectively with confirmation indicators used in the strategy section, allowing traders to refine entries while maintaining controlled risk.
