The JJN Auto Pitchfork for Metatrader 4 is an advanced version of the Andrews Pitchfork indicator and identifies support and resistance levels.
The indicator pops up in the main MT4 chart window and draws all possible levels of support and resistance for any currency pair and time frame.
The green dotted line acts as resistance, while the red dotted line acts as support.
General Assumptions
- Buy the currency pair when the price reaches support and the underlying trend is upwards.
- Sell the currency pair when the price reaches resistance and the underlying trend is downwards.
The JJN Auto Pitchfork indicator can be used for trade entry or as a directional trend filter for other strategies and systems.
For scalping and day trading purposes, 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 “JJN-AutoPitchforx.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the JJN Auto Pitchfork mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the JJN Auto Pitchfork 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: Pitchfork
Does the indicator repaint? No.
JJN Auto Pitchfork + XTC Trend MT4 Intraday Strategy
The JJN Auto Pitchfork Indicator for MT4 and the XTC Trend Forex Indicator for MT4 can be combined to create a precise intraday strategy.
The Auto Pitchfork automatically plots median and outer channel lines based on recent pivot points, giving natural support and resistance zones.
The XTC Trend indicator shows trend direction with a histogram: blue for bullish trends and red for bearish trends.
By trading only when the trend aligns with pitchfork levels, you capture high-probability intraday moves.
This strategy works best on M15 and M30 charts.
It is ideal for day traders who want a structured approach with clear entries, stops, and targets.
Use it on major currency pairs such as EURUSD, GBPUSD, and USDJPY, where intraday trends are more reliable.
Buy Entry Rules
- Confirm that the XTC Trend histogram shows blue, indicating a bullish trend.
- Check that the Auto Pitchfork slope is upward. Price should be near the lower or median pitchfork line.
- Wait for the price to bounce off the lower boundary or cross above the median line.
- Enter a buy trade at the close of the confirming candle.
- Stop loss: place below the lower pitchfork boundary or recent swing low (typically 15–25 pips).
- Take profit: aim for the upper pitchfork boundary or 1.5–2.5× your risk. Exit early if the histogram turns red.
Sell Entry Rules
- Confirm that the XTC Trend histogram shows red, indicating a bearish trend.
- Ensure the Auto Pitchfork slope is downward. Price should be near the upper or median pitchfork line.
- Wait for a price rejection from the upper line or a close below the median line.
- Enter a sell trade at the close of the confirming candle.
- Stop loss: place above the upper pitchfork boundary or recent swing high (15–25 pips).
- Take profit: target the lower pitchfork boundary or 1.5–2.5× your risk. Exit early if the histogram flips blue.
Advantages
- Trades within the natural price structure using pitchfork levels.
- Trend confirmation reduces countertrend entries and false signals.
- Clear visual cues make entries and exits straightforward.
- Works well on major pairs and intraday timeframes.
- Helps define logical stop and target zones using the channel.
Drawbacks
- Pitchfork may misalign if pivot points shift rapidly.
- The XTC Trend histogram can lag in fast reversals.
- Sideways markets may cause bounces without reaching boundaries.
- Requires patience to wait for trend and channel alignment.
Example Case Study 1 — EURUSD, M15
During the London session, the XTC Trend histogram turned blue, showing bullish momentum.
The Auto Pitchfork slope was upward, and the price bounced from the lower pitchfork line.
Entering long at the candle close, with a stop below the lower boundary and a target at the upper boundary.
The trade produced +35 pips within a few hours as the trend carried the price to the upper channel.
Example Case Study 2 — GBPUSD, M30
In the New York session, the histogram turned red, confirming bearish pressure.
The pitchfork slope was downward, and the price neared the upper line.
After a rejection candle closed below the median line, and a short trade was entered.
The stop was above the upper pitchfork line, target near the lower line.
Price moved smoothly, hitting the target and netting +40 pips.
Strategy Tips
- Trade only when the pitchfork slope and histogram trend align.
- Adjust stop loss buffers to account for volatility.
- Consider exiting early if the histogram flips before reaching the pitchfork boundary.
- Backtest different pivot settings to optimize the Auto Pitchfork for each pair.
- Focus on the London and New York sessions for higher momentum and better trade probability.
By combining the JJN Auto Pitchfork and XTC Trend indicators, traders can follow a structured intraday approach.
This method provides clear entries, stops, and exits while filtering trades with trend direction for higher accuracy.
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Download the “JJN-AutoPitchforx.mq4” indicator for Metatrader 4
