Forex Trend Display v1.02 for Metatrader 4 is a dashboard signals indicator that displays the longer-term trend found on the H1, H4, D1, W1, and MN charts.
The indicator pops up in the main MT4 chart window as a dashboard that displays a wide range of currency pairs together with the accompanying buy & sell trends.
Buy & Sell Trade Example
- Open a buy trade as soon as all arrows are colored blue (strong uptrend).
- Open a sell trade as soon as all arrows are colored red (strong downtrend).
The Forex Trend Display v1.02 indicator can be used for both trade entry and exit or as an additional trend confirmation filter for other strategies and systems.
For scalping, 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 “Lawgirl’s Trend Display v1.02.mq4” indicator for MT4
Indicator Chart (USD/CHF M15)
The example chart below displays the Forex Trend Display v1.02 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 Forex Trend Display v1.02 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 dashboard
Does the indicator repaint? No.
MT4 Multi-Timeframe Day Trading Strategy Using Forex Trend Display and AMA Signals
This MT4 strategy combines the Forex Trend Display V1.02 Indicator MT4 and the AMA Signals Metatrader 4 Forex Indicator to identify high-probability trades across multiple timeframes.
The Forex Trend Display provides longer-term trend direction with blue arrows for buy trends and red arrows for sell trends in a dashboard format.
The AMA Signals indicator provides precise buy and sell entries with blue dots for buys and brown dots for sells.
This strategy works on M5, M15, M30, and H1 charts, making it suitable for both short-term and intraday trading.
Buy Entry Rules
- Check the Forex Trend Display dashboard: ensure the trend arrow for your trading timeframe is blue, indicating a bullish trend.
- Wait for the AMA Signals indicator to show a blue dot on the same timeframe.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the most recent swing low.
- Close the trade when a brown AMA dot appears or the Forex Trend Display arrow changes to red, signaling a potential trend reversal.
Sell Entry Rules
- Check the Forex Trend Display dashboard: ensure the trend arrow for your trading timeframe is red, indicating a bearish trend.
- Wait for the AMA Signals indicator to show a brown dot on the same timeframe.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the most recent swing high.
- Close the trade when a blue AMA dot appears or the Forex Trend Display arrow changes to blue, signaling a potential trend reversal.
Advantages
- Combines longer-term trend confirmation with precise entry signals.
- Works across multiple timeframes (M5, M15, M30, H1) for flexible trading styles.
- Dashboard view allows a quick assessment of overall market trends.
- Clear exit signals help lock in profits and reduce losses.
Drawbacks
- Signals can lag during rapid trend changes, causing delayed entries or missed opportunities.
- AMA dots may produce occasional false signals in low volatility or consolidating markets.
Example Case Studies
Case Study 1 – EUR/USD M15
On the EUR/USD M15 chart, the Forex Trend Display arrow was blue across for your chosen timeframe, indicating a strong bullish trend.
The AMA Signals indicator displayed a blue dot, prompting a buy entry at 1.1080 with a stop loss at 1.1065.
The trade was closed when a brown AMA dot appeared at 1.1110, resulting in a 30-pip profit.
Case Study 2 – GBP/JPY H1
On the GBP/JPY H1 chart, the Forex Trend Display arrow was red, indicating a bearish trend.
A brown AMA dot appeared, signaling a sell entry at 149.50 with a stop loss at 149.80.
The trade closed when a blue dot appeared at 148.95, resulting in a 55-pip gain.
Using both trend direction and entry confirmation helped capture a strong intraday move.
Strategy Tips
- Focus on higher volatility sessions like London and New York for larger intraday moves.
- Always confirm trend direction on at least two higher timeframes before entering trades.
- Use proper risk management with tight stop losses relative to the timeframe.
- Consider partial profit-taking on longer timeframes while letting part of the position run.
- Keep an eye on major news events that could override indicator signals.
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Download the “Lawgirl’s Trend Display v1.02.mq4” indicator for Metatrader 4
