The JF Trading Times indicator for Metatrader 4 (MT4) displays both the London and New York sessions open on the activity chart.
The indicator gets displayed in the main MT4 chart window as two vertical lines.
Key Takeaways:
- The red vertical line displays the London session open.
- The brown vertical line displays the New York session open.
Free Download
Download the “JF_TradingTimes.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the JF Trading Times Forex mt4 indicator in action on the trading chart.
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: Time
Does the indicator repaint? No.
London–New York Scalping Strategy for MT4
This MT4 scalping strategy uses two indicators: the JF Trading Times indicator and the Trend Predictor v1.0 indicator.
It focuses on fast entries during the London and New York sessions open when market volatility is high.
The idea is to combine precise timing with clear buy and sell signals.
The vertical session lines from the JF Trading Times indicator highlight when liquidity increases, while the Trend Predictor gives straightforward arrow signals for trade direction.
Why this strategy works
Scalping relies on short bursts of volatility. The London and New York sessions deliver the highest volume and price movement.
The JF Trading Times indicator visually marks those moments with vertical lines, showing exactly when to expect momentum.
The Trend Predictor then confirms the direction with its blue (buy) and red (sell) arrows.
Together, they form a simple and disciplined system that prevents random entries during quiet hours.
This approach works best for traders who enjoy fast trading, quick results, and a structured plan.
It suits the M1, M5, and M15 timeframes, depending on personal speed and chart preference.
It is ideal for EURUSD, GBPUSD, and gold (XAUUSD) during active sessions.
Buy Entry Rules
- Wait for the JF Trading Times indicator to show the vertical line marking the London or New York session open.
- Watch for a blue arrow from the Trend Predictor to appear after or near that session’s open line.
- Confirm that the next candle closes above the recent minor high or above the blue arrow candle.
- Enter a buy trade immediately after the candle closes.
- Stop loss: 10 to 15 pips below the arrow candle’s low (depending on volatility).
- Take profit: 15 to 30 pips, or close the trade when a red arrow appears.
Sell Entry Rules
- Wait for the vertical session line showing the London or New York session open.
- Look for a red arrow from the Trend Predictor to appear near or just after the session opens.
- Confirm that the next candle closes below the recent minor low or below the arrow candle.
- Enter a sell trade on the candle close.
- Stop loss: 10 to 15 pips above the arrow candle’s high.
- Take profit: 15 to 30 pips, or exit when a blue arrow appears.
Advantages
- Uses clear visual signals and timing lines — ideal for fast decision-making.
- Filters out low-volume periods and focuses only on high volatility moments.
- No complicated settings or indicators needed — two simple confirmations are enough.
- Works on multiple instruments and short timeframes.
Drawbacks
- Not suitable for traders who prefer slow-paced analysis or long-term trades.
- Requires focus and quick execution; missed entries can lead to chasing trades.
- False arrows can appear during news events or whipsaw volatility.
- Spread and slippage can reduce profit on very small targets.
Example case study 1 — EURUSD, M5
At the London open, the JF Trading Times indicator prints a vertical line.
A few candles later, the Trend Predictor shows a blue arrow pointing up.
The next candle closes above the arrow candle’s high, confirming strength.
Buy entry at 1.0780, stop loss 12 pips below the low, target 25 pips.
Within 20 minutes, EURUSD hits 1.0805 for +25 pips.
The session’s open momentum supported a clean breakout move.
Example case study 2 — GBPUSD, M1
During the New York session, the vertical line from JF Trading Times appears.
A red arrow forms on a candle near 1.2720.
Price breaks below that candle low within three bars.
Sell entry at 1.2718, stop loss 10 pips above the high, target 20 pips.
The trade reaches the target in less than ten minutes as volatility spikes at session open, delivering a quick profit.
Strategy tips
- Stick to London and New York opens. Avoid Asian sessions for this method.
- Use a reliable low-spread broker for scalping conditions.
- Avoid trading during major news releases that distort spreads.
- If two arrows appear in opposite directions within the same few minutes, skip the setup.
- Use a fixed reward-to-risk ratio like 2:1 to keep results consistent.
This London–New York Scalping Strategy is simple but effective when applied with discipline.
Review both indicators on the chart and test the timing before trading live.
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Download the “JF_TradingTimes.mq4” indicator for Metatrader 4
