The Higher Time Frame Forex Trend indicator for mt4 (Metatrader 4) provides accurate trend direction based on the higher time frames.
The indicator pops up in the main MT4 chart window as green and red colored boxes.
Buy & Sell Trade Example
- Look to buy whenever the green box pops up on the chart. The trend is considered bullish.
- Look to sell whenever the red box pops up on the chart. The trend is considered bearish.
The Higher Time Frame Forex Trend indicator can be used for both trade entry and exit, or as an additional trend confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “HigherTimeframe.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The example chart below displays the Higher Time Frame Forex Trend 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 Higher Time Frame Forex Trend 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
Does the indicator repaint? No.
Higher Time Frame + FX Prime Trend MT4 Day Trading Strategy
Introduction
This strategy combines the Higher Time Frame Forex Trend Indicator (MT4) with the FX Prime Trend Indicator (MT4).
The Higher Time Frame indicator uses colored boxes: green for bullish trends and red for bearish trends.
The FX Prime Trend provides precise entry signals: green line for buys and red line for sells.
This setup is ideal for intraday trading on M15 and M30 charts.
It helps capture strong moves during the day using a trend filter and clear entry signals.
Buy Entry Rules
- The Higher Time Frame indicator shows a green box, confirming a bullish trend.
- The FX Prime Trend indicator displays a green line, signaling a buy.
- Enter at the close of the green confirmation candle.
- Stop loss: place 15–20 pips below the recent swing low or below the green box.
- Take profit: target 30–35 pips for M15 trades, 40–50 pips for M30 trades.
- Trail stops can capture additional pips as the trend continues.
Sell Entry Rules
- The Higher Time Frame indicator shows a red box, confirming a bearish trend.
- The FX Prime Trend indicator displays a red line, signaling a sell.
- Enter at the close of the red confirmation candle.
- Stop loss: place 15–20 pips above the recent swing high or above the red box.
- Take profit: target 30–35 pips for M15 trades, 40–50 pips for M30 trades.
- Trail stops can capture additional pips as the trend extends.
Advantages
- Trend filter reduces countertrend trades.
- FX Prime Trend provides precise entries for better risk/reward.
- Suitable for M15–M30 intraday charts.
- Combining trend direction and entry signal improves win probability.
Drawbacks
- Lag in trend boxes may delay entries slightly.
- Sideways markets may produce false FX Prime signals.
- Patience is needed to wait for both indicators to align.
- Stop losses may be hit on intraday retracements.
Example Case Study 1 — AUD/USD M15 (Bullish)
On the M15 AUD/USD chart, the Higher Time Frame indicator shows a green box.
The FX Prime Trend line turns green on a bullish candle.
Entry is taken at candle close.
Stop loss is placed 18 pips below the recent swing low.
Price moves upward and hits the take profit target of 32 pips within 45 minutes.
Trailing stops behind subsequent bullish candles capture an additional 10 pips before the trend shows signs of retracement.
Example Case Study 2 — USD/CHF M30 (Bearish)
USD/CHF on the M30 chart shows a red box on the Higher Time Frame indicator.
The FX Prime Trend line turns red on a bearish candle.
Entry is taken at candle close.
Stop loss is set 20 pips above the recent swing high.
Price trends downward, hitting the initial take profit of 45 pips in about 1 hour.
Trailing stop captures another 12 pips as the trend extends slightly before reversing.
Strategy Tips
- Always trade in the direction of the Higher Time Frame trend to increase the probability of success.
- Focus on high-liquidity pairs like EUR/USD, AUD/USD, USD/CHF, and GBP/USD.
- Avoid trading during major news releases to reduce volatility risk.
- Use proper risk management; do not over-leverage.
- Combine with higher timeframe analysis (H1 or H4) to filter weaker setups.
- Trailing stops using swing points can help maximize gains while protecting profits.
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Download the “HigherTimeframe.mq4” indicator for Metatrader 4
