The 4 Sessions forex MT4 indicator displays the 4 main trading sessions directly on the activity chart.
The 4 sessions are: Asia, Europe, America and Pacific.
You can fully customize the look of the indicator.
Currency traders use the 4 Sessions forex indicator to trade sessions breakout signals.
They open a buy trade when the price exceeds the previous session’s high price.
On the contrary, they open a sell trade when the price exceeds the previous session’s low price.
Free Download
Download the “4-sessions-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the 4 Sessions forex indicator in action.
Basic Trading Signals
No signals from this indicator.
4 Sessions and Forex Gump Indicator Forex Strategy
This MT4 forex strategy combines session-based trading insights from the 4 Sessions Metatrader 4 Forex Indicator with precise entry and exit signals from the Forex Gump Indicator MT4.
The 4 Sessions indicator highlights the four main trading sessions – Asia, Europe, America, and Pacific – directly on the chart, helping traders understand when the market is most active and where volatility is likely to occur.
The Forex Gump indicator provides blue arrows for buy entries and red arrows for sell entries, along with clear exit signals when the opposite arrow appears.
This strategy is ideal for traders who want to combine market session timing with precise MT4 signals.
It works best on M15 and H1 timeframes, where session activity can influence price movements.
Using the session information allows traders to focus on high-liquidity periods while the Forex Gump signals help with accurate entry and exit points.
Buy Entry Rules
- Identify the current session using the 4 Sessions indicator.
- Prefer entries during high liquidity periods such as the European or American sessions.
- The Forex Gump indicator displays a blue arrow, signaling a buy entry.
- Enter a buy trade at the close of the candle where the blue arrow appears.
- Place the stop loss below the most recent swing low.
- Exit the trade when the Forex Gump indicator displays a red arrow.
Sell Entry Rules
- Identify the current session using the 4 Sessions indicator.
- Prefer entries during high liquidity periods such as the European or American sessions.
- The Forex Gump indicator displays a red arrow, signaling a sell entry.
- Enter a sell trade at the close of the candle where the red arrow appears.
- Place the stop loss above the most recent swing high.
- Exit the trade when the Forex Gump indicator displays a blue arrow.
Advantages
- Combines market session timing with precise entry and exit signals.
- Helps traders avoid low liquidity periods, reducing the risk of false signals.
- Clear arrow signals simplify decision-making for entries and exits.
- Works well on both M15 and H1 timeframes for short-term trading.
- Easy to follow rules reduce emotional decision-making and improve consistency.
Drawbacks
- Trading during low volatility sessions may produce false signals or small gains.
- Requires discipline to wait for both session timing and signal alignment.
- Stop loss placement depends on recent swings, which can sometimes be tight in low-volatility conditions.
Case Study 1 – EURJPY M15
During the European session on EURUSD M15, the Forex Gump indicator displayed a blue arrow.
A buy trade was entered at the close of the candle, with the stop loss placed below the recent swing low.
Price moved steadily higher, reflecting the high liquidity of the European session.
The trade was exited when the Forex Gump indicator displayed a red arrow, capturing 27 pips as the market slowed approaching the session close.
Case Study 2 – GBPJPY H1
On GBPUSD H1 during the American session, the Forex Gump indicator showed a red arrow, signaling a sell entry.
A trade was opened at the close of the candle, with the stop loss placed above the recent swing high.
Price continued downward in line with session volatility and the trade was exited when a blue arrow appeared from the Forex Gump indicator, capturing 79 pips before the market started to consolidate.
Strategy Tips
- Focus on high liquidity sessions such as Europe and America for better follow-through on trades.
- Always check for upcoming news events that can increase volatility and affect your stop loss levels.
- Use the 4 Sessions indicator to avoid trading during low activity periods, reducing the chance of whipsaw moves.
- Combine with proper risk management and avoid overtrading during smaller sessions like Asia or the Pacific.
- Wait for clear arrow signals from the Forex Gump indicator before entering to maintain disciplined entries and exits.
- Consider monitoring higher timeframes to confirm trend direction for better trade probability.
Download Now
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MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Days, Winter, Summer, ShowPips, Asia, Europe, America, Pacific) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Overlay
