The Dynamic Forex Signals indicator for Metatrader 4 displays winning buy and sell signals on the chart that can be deployed on any pair.
The indicator appears in the main MT4 chart window as a colored trend signal line.
Dynamic Forex Signals is a signals indicator that can be used in multiple ways.
Trade Example
- A buy signal occurs as soon as the signal line turns blue.
- A sell signal occurs as soon as the signal line turns red.
- Close and reverse the open position as soon as an opposite signal appears on the chart.
The Dynamic Forex Signals indicator can be used for both trade entry and exit, or as an additional 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 “dynamicrs-c.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Dynamic Forex Signals MT4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Dynamic Forex Signals Forex 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.
Dynamic Forex Signals + Awesome Oscillator MT4 Strategy
Introduction
This MT4 strategy combines the Dynamic Forex Signals indicator with the Awesome Oscillator to identify strong trend signals and confirm momentum.
The Dynamic Signals indicator gives entry hints with directional signals; the Awesome oscillator adds momentum proof, so you enter with better odds.
This method works on a variety of pairs, but it performs best on major pairs such as EURUSD, GBPUSD, USDJPY, EURJPY, and GBPJPY because these have tighter spreads and frequent volatility.
It is suited for swing trading on 1H/4H timeframes, but can also be adapted for shorter timeframes (M15/M30) for intraday use.
Why it works
The Dynamic Forex Signals indicator gives you early directional cues.
Meanwhile, the Awesome Oscillator confirms that momentum is backing that direction.
You filter out weak signals and enter when both trend and momentum align.
This dual confirmation helps reduce false breakouts.
Buy Entry Rules
- Dynamic Forex Signals must give a blue uptrend line.
- Awesome Oscillator must show a positive momentum shift, crossing above the zero line.
- Enter on the close of the confirmation candle (i.e., the candle after the momentum shift).
- Stop loss: place below the recent swing low or use 1.5 × ATR(14) on your time frame, whichever is wider.
- Take profit: aim for 1.5–3× your risk. Alternatively, exit when the Awesome Oscillator turns back, or scale out partial profit.
Sell Entry Rules
- Dynamic Forex Signals must show a red downtrend line.
- Awesome Oscillator must show a downward momentum shift, crossing below zero.
- Enter on the close of the confirmation candle.
- Stop loss: place above the recent swing high or use 1.5 × ATR(14).
- Take profit: aim for 1.5–3× risk or exit when momentum reverses.
Advantages
- Double confirmation: signal + momentum = higher probability trades.
- Simplified entries — you wait for clear signals rather than guesswork.
- Flexible: works across many currency pairs and timeframes with slight tuning.
- Risk is defined, and you can combine fixed targets, scaling, or trailing exits.
Drawbacks
- The signal indicator sometimes gives late entries if the trend is already mature.
- On low-liquidity pairs, spreads/slippage may reduce profitability.
Example Case Study 1 — EURUSD 4H
EURUSD was in a moderate uptrend on the 4H chart. The Dynamic Forex Signals indicator showed a blue uptrend line.
Shortly after, the Awesome oscillator shifted from negative to positive, with a green bar above zero.
Trade: Entry was taken on the next candle close. A stop loss was set 80 pips below the entry .
The take profit target was 240 pips (RR = 3).
The trade ran for 200+ pips before a pullback, and partial profit was taken early, with the remainder trailed.
Example Case Study 2 — GBPJPY 1H
On the 1H chart, GBPJPY showed a downtrend. The Dynamic Forex Signals indicator gave a red sell signal line.
The Awesome oscillator confirmed by showing a red bar crossing below zero.
Trade: Entry was placed at confirmation candle close. Stop loss was 60 pips above the entry.
The target was set to 150 pips.
The move hit the target in about two days, yielding good profit, while trailing the rest when momentum remained strong.
Strategy Tips
- Prefer major pairs like EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY for smaller spreads.
- Use higher timeframes (1H /4H) to reduce noise, but you can use M15/M30 for more frequent signals.
- Only take signals where the momentum shift is clear (i.e., strong bar change on Awesome) to avoid weak entries.
- Consider scaling out: close part of the position at 1× risk and trail the remainder.
- Backtest on multiple pairs and sessions, and maintain a journal to refine thresholds.
