The Market Watch Gainers & Losers Forex indicator for Metatrader 4 (MT4) calculates and displays the daily gain or loss in percentage for all currency pairs.
The indicator pops up in the main MT4 chart as a dashboard.
Default color scheme:
- Daily winners will be green colored.
- Daily losers will be red colored.
Colors and layouts can be fully modified in the indicator’s inputs.
It gives you a handy overview of which assets are trending and which are moving sideways.
Free Download
Download the “h-bulls-n-bears-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the h-bulls-n-bears 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: Daily percent change
Does the indicator repaint? No.
Market Watch Gainers + Zero Lag MACD MT4 Strategy
This MT4 strategy combines the power of the Market Watch Gainers Losers Indicator (MT4) and the Zero Lag MACD Indicator (MT4) to identify high-probability trades.
By focusing on the biggest market gainers and using the Zero Lag MACD for timing, traders can enter positions with a strong trend momentum.
This strategy works on 15-minute to 1-hour charts and is suitable for traders who want to capture intraday swings with minimal lag.
Buy Entry Rules
- Identify the top gainers using the Market Watch Indicator.
- Confirm an uptrend with the Zero Lag MACD: the MACD line crosses above the signal line.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the nearest support level or recent swing low.
- Set the take profit at a 2:1 reward-to-risk ratio, or follow the MACD for exit signals when it crosses back below the signal line.
Sell Entry Rules
- Identify the top losers using the Market Watch Indicator.
- Confirm a downtrend with the Zero Lag MACD: the MACD line crosses below the signal line.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the nearest resistance level or recent swing high.
- Set the take profit at a 2:1 reward-to-risk ratio, or exit when the MACD crosses above the signal line.
Advantages
- Focuses on the strongest trending pairs for higher probability trades.
- Zero Lag MACD reduces delay, giving more accurate entries.
- Works on multiple timeframes, flexible for intraday trading.
- Simple to implement with clear buy and sell rules.
- Helps identify momentum in both bullish and bearish conditions.
Drawbacks
- It may give false signals in ranging markets.
- Stop loss placement is essential; poor risk management can lead to losses.
- Requires monitoring top gainers and losers actively.
- Not suitable for very short scalping trades due to occasional MACD lag.
Case Study 1
On the EUR/USD 1-hour chart, the Market Watch indicator highlighted EUR/USD as the top gainer of the session.
The Zero Lag MACD confirmed a bullish crossover.
Entering a buy trade at 1.0750 with a stop loss at 1.0725 and a take profit at 1.0800 resulted in a successful trade, capturing 50 pips in just three hours.
Case Study 2
On the GBP/JPY 30-minute chart, the Market Watch indicator identified GBP/JPY as the biggest loser.
The Zero Lag MACD confirmed a bearish crossover.
Entering a sell trade at 189.50 with a stop loss at 189.85 and a take profit at 188.80 captured 70 pips within four hours, demonstrating the strategy’s effectiveness during high volatility sessions.
Strategy Tips
- Always confirm the trend using the Zero Lag MACD before entering trades.
- Focus only on the top 1-2 gainers or losers to maximize accuracy.
- Use proper risk management; never risk more than 1-2% of your account per trade.
- Combine with support and resistance levels to improve trade quality.
- Avoid trading during major news releases, as volatility spikes can trigger stop losses.
Download Now
Download the “h-bulls-n-bears-indicator.mq4” indicator for Metatrader 4
