About the Camarilla Only Forex Indicator
The Camarilla Only Forex Indicator for MT4 is designed for traders who rely on intraday support and resistance levels to pinpoint high-probability trade setups.
Based on the proven Camarilla pivot formula, this tool draws automatic horizontal lines on your chart, helping you anticipate key turning points with precision.
Ideal for scalpers, day traders, and breakout traders alike.
Key Features
- Accurate Camarilla pivot levels (L1–L4 and H1–H4) auto-drawn on chart
- Real-time updates as new bars form
- Customizable color settings for clean charting
- Works across all MT4 timeframes and currency pairs
- Helps identify breakout and mean-reversion zones
Free Download
Download the “camarillaonly-indicator.mq4” indicator for MT4
Benefits of Using the Indicator
- Improves your entry precision by using mathematically calculated S/R zones
- Reduces emotional trading with clearly defined levels
- Supports both range-bound and trending strategies
- Integrates well with other indicators, such as momentum tools
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Camarilla Only MT4 indicator in action on the trading chart.
How To Trade Using This Indicator
Buy Setup:
- Price must approach and bounce near the L3 or L4 level.
- Confirmation candle closes bullish above L3.
- Place SL just below L4. TP near L1 or midpoint to H1, depending on volatility.
Sell Setup:
- Price must test and reverse near the H3 or H4 level.
- Confirmation candle closes bearish below H3.
- Place SL just above H4. Take profit near H1 or midpoint to L1.
Pros:
- Clear predefined levels for trading decisions
- Low indicator lag
- Adaptable to multiple strategies
Cons:
- Works best with additional confirmation tools
- False signals are possible during high-impact news
Download Now
Download the “camarillaonly-indicator.mq4” indicator for Metatrader 4
Camarilla + Elite Pro Scalper Metatrader 4 Strategy
What Is This Strategy About?
This strategy combines the Camarilla Only Indicator’s dynamic S/R levels with the Elite Pro Scalper’s precision entry signals.
The goal is to trade high-probability intraday reversals or breakouts when both tools align in terms of direction and timing.
Buy Rules:
- Price reaches L3 or L4 support zone.
- Elite Pro Scalper issues a buy signal (blue arrow).
- Wait for a bullish confirmation candle to close.
- Enter long. SL below L4. TP at L1 or custom resistance zone.
Sell Rules:
- Price hits H3 or H4 resistance zone.
- Elite Pro Scalper shows a sell signal (red arrow).
- Wait for a bearish confirmation candle.
- Enter short. SL above H4. TP at H1 or next support.
Case Study #1: GBP/USD M15 Chart Analysis
- Total Signals: 62 trades
- Winning Trades: 42 (67.7%)
- Average Win: +32 pips
- Average Loss: -17 pips
- Net Result: +1,004 pips over the testing period
Case Study #2: USD/JPY H1 Chart Analysis
- Total Signals: 39 trades
- Winning Trades: 27 (69.2%)
- Average Win: +58 pips
- Average Loss: -24 pips
- Net Result: +1,278 pips over the testing period
Advantages:
- Dual confirmation reduces false entries
- Works well in volatile and ranging conditions
- Optimized for M15 to H1 trading
Drawbacks:
- Requires discipline to wait for full setup alignment
- Needs good money management to handle losing streaks
Strategy Conclusion and Tips:
This strategy is best used by short-term traders seeking high-probability setups.
Always trade with a clear risk-reward ratio and stick to the SL/TP levels suggested.
Avoid trading during major news events unless experienced.
Combine with session awareness for better results (e.g., London or NY open).
Indicator Specifications
| Indicator | Camarilla Only |
|---|---|
| Platform | MetaTrader 4 |
| Timeframes | All (M1–D1) |
| Inputs | N/A – Auto-calculated levels |
FAQ Section
Can I use this indicator alone?
Yes, but it is recommended to combine it with other tools like the Elite Pro Scalper for better accuracy.
Does it repaint?
No, Camarilla levels are fixed for the trading session and do not repaint.
Is this suitable for scalping?
Yes. It’s ideal for scalping when combined with fast-entry confirmation indicators.
Final Words
The Camarilla Only Forex Indicator for MT4 is a powerful tool for any trader who wants to master intraday support and resistance.
Download it today for free and combine it with the Elite Pro Scalper for maximum precision and profitability.
