Amazing Kijun Sen is a free mt4 (Metatrader 4) Forex indicator that works on the Kijun trade formula and can be used for both trade entry and exit.
The indicator draws the yellow colored Sen line on the main MT4 chart.
The Kijun Sen indicator performs the best when combined with an existing trading strategy or system of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “KijunSen.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the KijunSen 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 amazing Kijun Sen 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: Kijun
Does the indicator repaint? No.
MT4 Scalping Strategy Using Amazing Kijun-Sen + Best Forex Scalping Indicator
This MT4 scalping strategy combines the Amazing Kijun-Sen Forex Indicator with the Best Forex Scalping Indicator.
It is designed for traders looking to capture quick market movements and profit from short-term trends.
The strategy works best on lower time frames such as M5 and M15, making it ideal for intraday scalping.
By using trend direction from the Kijun-Sen and precise buy/sell signals from the scalping indicator, this system minimizes false entries and maximizes the chance of successful trades.
Buy Entry Rules
- Check that the Kijun-Sen yellow line is sloping upwards, indicating a bullish trend.
- Confirm a buy signal from the Best Forex Scalping Indicator (blue arrow appears).
- Enter a buy trade at the close of the candle, showing the blue arrow.
- Place the stop loss just below the recent minor swing low to limit risk.
- Set the take profit at 1–1.5 times the stop loss distance or at the next minor resistance level.
Sell Entry Rules
- Check that the Kijun-Sen yellow line is sloping downwards, indicating a bearish trend.
- Confirm a sell signal from the Best Forex Scalping Indicator (red arrow appears).
- Enter a sell trade at the close of the candle, showing the red arrow.
- Place the stop loss just above the recent minor swing high.
- Set the take profit at 1–1.5 times the stop loss distance or near the next minor support level.
Advantages
- Combines trend-following with precise entry signals for high probability scalps.
- Reduces the chance of false entries in choppy markets.
- Simple rules make it easy to implement for beginners and advanced traders alike.
- Effective on multiple currency pairs, especially majors and liquid cross pairs.
- Clear stop loss and take profit rules provide disciplined risk management.
Drawbacks
- May generate fewer trades in sideways or low volatility periods.
- Requires constant attention as trades are short-term.
- Late signals can occur if the trend changes rapidly.
- Performance depends on the proper selection of currency pairs and time frames.
Case Study 1: EUR/USD M5 Scalping Trade
On the M5 chart, the Kijun-Sen line was sloping upwards, signaling a bullish trend.
A blue arrow appeared on the Best Forex Scalping Indicator at 1.1042.
A buy trade was opened at the close of the confirmation candle.
The stop loss was set at 1.1038 below the recent swing low, and the take profit was set at 1.1048, achieving a 6-pip gain.
The trade closed within 20 minutes as the trend continued upward briefly before consolidating.
Case Study 2: GBP/USD M15 Scalping Trade
On the M15 chart, the Kijun-Sen line sloped downward, indicating a bearish trend.
A red arrow appeared on the Best Forex Scalping Indicator at 1.3065.
A sell trade was opened at the close of the confirmation candle.
The stop loss was placed at 1.3072, just above the recent swing high, and the take profit at 1.3055.
The trade closed successfully after 35 minutes, resulting in a 10-pip profit.
Strategy Tips
- Focus on liquid currency pairs to reduce slippage and spread costs.
- Combine this strategy with economic calendar monitoring to avoid news spikes.
- Use small lot sizes and consistent risk per trade to protect your account during scalping.
- Consider using a trailing stop if the trend shows strong momentum to maximize profits.
- Practice on a demo account first to get familiar with the speed and signals of this scalping setup.
