About the FX Prime Trend Indicator
The FX Prime Trend Indicator for MT4 is a simple yet effective tool that provides clear buy and sell signals following profitable market trends.
It displays a bi-colored signal line directly on the main chart window. Green lines indicate bullish momentum, while red lines signal bearish momentum.
Traders can easily reverse positions when the opposite color appears, making it suitable for both beginners and experienced traders across multiple timeframes and currency pairs.
Free Download
Download the “fxprime.mq4” indicator for MT4
Key Features
- Bi-colored signal line for trend direction
- Simple buy and sell signals
- Reversal alerts when trend changes
- Beginner-friendly and easy to follow
- Helps identify trend continuation and reversals
Indicator Chart
The FX Prime Trend Indicator chart shows green and red signal lines.
Green lines represent buy opportunities, and red lines represent sell opportunities.
Traders can reverse positions when the signal color changes.
Guide to Trade with the FX Prime Trend Indicator
Buy Rules
- Open a buy trade when the signal line turns green
- Confirm trend direction using price action or higher timeframe analysis
- Reverse or close the position if the line turns red
Sell Rules
- Open a sell trade when the signal line turns red
- Confirm trend direction using price action or higher timeframe analysis
- Reverse or close the position if the line turns green
Stop Loss
- For buy trades, place a stop just below the nearest swing low or recent consolidation zone
- For sell trades, place a stop just above the nearest swing high or recent consolidation zone
- Add a small buffer of 2–3 pips to avoid being stopped out by minor price spikes
Take Profit
- Set the first target at the nearest support for sells or resistance for buys
- Consider taking partial profits at the first level
- Use a trailing stop on the remaining position to capture extended moves
- Close if the signal line reverses color
Practical Tips
- Trade only when the signal line clearly changes color
- Confirm signals with trend direction or support/resistance levels
- Focus on higher timeframe alignment for stronger setups
- Use the indicator for trend-following or swing trading strategies
FX Prime Trend + Waddah Attar Trend Scalper MT4 Intraday Strategy
This intraday trading strategy combines the FX Prime Trend Indicator with the Waddah Attar Trend Scalper Indicator to filter strong market trends and pinpoint precise entries.
The FX Prime Trend Indicator plots a green line for bullish conditions and a red line for bearish conditions.
The Waddah Attar Trend Scalper Indicator shows green histogram bars for buy opportunities and red histogram bars for sell opportunities.
This combination helps intraday traders align with momentum while avoiding weak or false signals.
Buy Entry Rules
- The FX Prime Trend Indicator line must be green (bullish trend).
- The Waddah Attar Trend Scalper must plot green histogram bars.
- Enter a buy trade at the open of the next candle after both conditions align.
- Place a stop loss below the most recent swing low or a nearby support level.
- Set take profit at 2–3 times the stop loss distance or at the next resistance level.
Sell Entry Rules
- The FX Prime Trend Indicator line must be red (bearish trend).
- The Waddah Attar Trend Scalper must plot red histogram bars.
- Enter a sell trade at the open of the next candle after both conditions align.
- Place a stop loss above the most recent swing high or a nearby resistance level.
- Set take profit at 2–3 times the stop loss distance or at the next support level.
Advantages
- Combines a clean trend filter (FX Prime Trend) with a precise entry timing tool (Waddah Attar Trend Scalper).
- Reduces false entries during sideways markets by requiring dual confirmation.
- Works well on intraday timeframes like M5, M15, and M30.
- Beginner-friendly approach.
Drawbacks
- Signals may lag slightly in fast-moving markets.
- Sudden reversals after news can trigger stop losses.
- Requires discipline to wait for both indicators to confirm before entering trades.
Case Study 1: EUR/USD 15-Minute Chart
On the EUR/USD 15-minute chart, the FX Prime Trend Indicator showed a green line, signaling bullish conditions.
The Waddah Attar Trend Scalper plotted green histogram bars at 1.0750.
A buy trade was entered with a stop loss at 1.0725.
The price rose to 1.0800 over the next 3 hours, producing a 50-pip gain.
This example shows how the strategy can capture intraday upward trends.
Case Study 2: GBP/JPY 5-Minute Chart
On the GBP/JPY 5-minute chart, the FX Prime Trend Indicator turned red, indicating a bearish market.
The Waddah Attar Trend Scalper displayed red histogram bars at 183.40.
A sell order was placed with a stop loss at 183.70.
Within 25 minutes, the price fell to 182.80, locking in a 60-pip profit.
This case illustrates the potential for quick intraday profits during strong downtrends.
Strategy Tips
- Focus on major and volatile pairs for stronger intraday moves.
- Trade during the London and New York sessions for optimal momentum.
- Use trailing stops to lock in profits as the trend develops.
- Check for upcoming economic events to avoid whipsaws.
Download Now
Download the “fxprime.mq4” indicator for Metatrader 4
FAQ
How do I know when to reverse my position?
When the signal line changes color—green to red or red to green—you should consider reversing or closing your trade.
Is it effective for scalping?
Yes, especially on lower timeframes, but it is best combined with trend confirmation for fewer false signals.
Can I combine it with other indicators?
Yes, pairing it with support/resistance levels or momentum indicators can improve entry timing and risk management.
Summary
The FX Prime Trend Indicator for MT4 provides clear and reliable buy and sell signals using a bi-colored line.
It allows traders to follow profitable trends and reverse positions when momentum changes.
Suitable across timeframes and pairs, it simplifies trend-following strategies and improves trading confidence.
