About the Forex OFF Trend Indicator
The Forex OFF Trend Indicator for MT4 is a crossover‑based trading system that helps traders identify potential entry points using two signal lines.
It’s designed to simplify decision‑making by visually showing when market momentum may be shifting.
The indicator appears on the main Metatrader 4 chart as two colored lines, one blue and one red.
When the red line crosses the blue line from below, it signals a possible bullish move.
When the red line crosses the blue line from above, it signals a possible bearish move.
This makes spotting trade entries easier and more structured.
Free Download
Download the “ForexOFFTrend.mq4” indicator for MT4
Key Features
- Simple crossover trading system
- Red and blue signal lines on the main MT4 chart
- Red line bottom‑up crossing signals buy
- Red line top‑down crossing signals sell
- Helpful for trend entry timing
- Works on multiple timeframes and pairs
Indicator Chart
The chart below shows the Forex OFF Trend Indicator applied to a live MT4 chart.
Blue and red signal lines cross to highlight potential buy and sell points.
Traders can use these crossovers to time entries with the prevailing market rhythm.
Guide to Trade with the Forex OFF Trend Indicator
Buy Rules
- Wait for the red line to cross the blue line from below
- Confirm recent price action is not strongly bearish
- Open a buy trade at the next candle open
Sell Rules
- Wait for the red line to cross the blue line from above
- Confirm recent price action is not strongly bullish
- Open a sell trade at the next candle open
Stop Loss
- For buy trades, set the stop a few pips below the most recent swing low
- For sell trades, set the stop a few pips above the most recent swing high
- Adjust for volatility and timeframe as needed
Take Profit
- Target the next obvious support or resistance level
- Exit early if an opposite crossover occurs
Practical Tips
- Focus on sessions with good liquidity (London, New York)
- Filter crossovers with higher timeframe trend direction
- Test signals on a demo account to build confidence
- Consider only strong, distinct crossovers for entries
Forex Off Trend + Accelerated Moving Average MT4 Strategy
This MT4 trading strategy combines the Forex Off Trend Indicator with the Accelerated Moving Average Indicator.
The Off Trend Indicator gives clear buy and sell signals when its red and blue lines cross.
A buy is triggered when the red line crosses the blue line from below, while a sell is triggered when the red line crosses from above.
To confirm the strength of these signals, the Accelerated Moving Average is used: price above the moving average indicates a bullish trend, and price below it signals a bearish trend.
This combination helps traders filter out weak entries and capture stronger moves.
Buy Entry Rules
- Wait for the red line of the Off Trend Indicator to cross above the blue line.
- Confirm that the price is trading above the Accelerated Moving Average.
- Enter a buy trade at the close of the confirming candle.
- Set stop loss below the recent swing low.
- Target 10–20 pips for M1–M5 charts, or 30–50 pips for M15–H1 charts.
Sell Entry Rules
- Wait for the red line of the Off Trend Indicator to cross below the blue line.
- Confirm that the price is trading below the Accelerated Moving Average.
- Enter a sell trade at the close of the confirming candle.
- Set stop loss above the recent swing high.
- Target 10–20 pips for M1–M5 charts, or 30–50 pips for M15–H1 charts.
Advantages
- Clear crossover signals with easy-to-follow confirmations.
- Filters false signals by checking price against the moving average.
- Works well across multiple intraday timeframes.
- Helps traders capture short bursts of momentum for consistent scalps.
Drawbacks
- Crossover signals may lag in very fast-moving markets.
- Sideways price action can generate false signals and whipsaws.
- Frequent trades on lower timeframes may increase transaction costs.
- Requires discipline to avoid early entries before full confirmation.
Case Study 1: EUR/USD M15 Buy
The Off Trend Indicator showed a red line crossing above the blue line at 1.0945.
Price was already trading above the Accelerated Moving Average, confirming a bullish bias.
Entered a buy at 1.0946 with a stop loss at 1.0930 and take profit at 1.0970.
The trade reached the target within one hour for a gain of 24 pips.
Case Study 2: USD/JPY M30 Sell
The Off Trend Indicator showed a red line crossing below the blue line at 149.20.
Price was below the Accelerated Moving Average, confirming bearish direction.
Entered a sell at 149.18 with a stop loss at 149.45 and a take profit at 148.75.
Price moved down steadily, hitting the 43-pip target within two hours.
Strategy Tips
- Best used during London and New York trading sessions when volatility is higher.
- For quick scalps, stick to M1–M5 timeframes with tighter stop losses.
- For intraday swings, M15–H1 charts provide stronger signals with larger pip targets.
- Avoid trading around high-impact economic news to reduce the risk of false signals.
- Always backtest and practice on a demo before applying to a live account.
Download Now
Download the “ForexOFFTrend.mq4” indicator for Metatrader 4
FAQ
How reliable are the crossovers?
Crossovers are reliable in trending markets but can generate false signals in choppy conditions. Combining them with trend filters improves accuracy.
Which timeframes work best?
M15, M30, and H1 are commonly used, though lower timeframes produce more frequent signals with higher noise.
Can it be used with other indicators?
Yes, combining it with momentum or support/resistance tools can help confirm entries and avoid false crossovers.
Summary
The Forex OFF Trend Indicator for MT4 offers a straightforward crossover system to spot potential trend entries.
Its dual‑line logic helps traders time buys and sells with clearer cues.
Used with solid risk control and simple filters like trend confirmation or key levels, it can be a useful part of a disciplined trading routine.
