Border Ligns Forex Reversal Indicator (MT4)

About the Border Ligns Forex Indicator

The Border Ligns Forex Reversal indicator for Metatrader 4 is a profitable trend reversal indicator based on border channels.

The indicator appears in the main MT4 chart window as a colored trend channel (two outer bands + middle band).

You can enter and exit the market multiple times a day with this indicator.

Key Takeaways

• A bullish trend occurs when the Border Ligns indicator is sloping up.
• A bearish trend occurs when the Border Ligns indicator is sloping down.
• Easy to enter and exit the market with this indicator.
• Works for any currency pair and time frame.

Free Download

Download the “Border ligns.ex4” indicator for MT4

Key Features

• Displays strong reversal zones using a clean colored channel
• Color-coded upper and lower zones for clarity
• Helps catch tops and bottoms early
• Works on all currency pairs and timeframes
• Simple yet effective for both new and experienced traders

Benefits of Using This Indicator

• Easy to use – ideal for visual traders
• Works well in ranging and trending markets
• Helps identify reversal zones without complex calculations
• Improves timing for entries and exits

Indicator Example Chart (EUR/USD H1)

The example chart below displays the Border Ligns Reversal Signal indicator in action on the trading chart.

How To Trade Forex Using This Indicator

• Buy signal: Open a buy trade as soon as the price touches the lower price channel band and the bands are sloping up (up trend).
• Sell signal: Open a sell trade as soon as the price touches the upper price channel band and the bands are sloping down (down trend).
• Stop Loss: Just below the lower border for buys, or above the upper border for sells.
• Take Profit: Near the opposite line or previous swing high/low.

Case Data

• Pairs: EUR/USD, GBP/USD, USD/JPY, Gold
• Timeframes: M15, H1, H4 recommended
• Market Sessions: London and New York

Download Now

Download the “Border ligns.ex4” indicator for Metatrader 4

Border Ligns Forex Reversal + Forex Trend Scanner Strategy (MT4)

This strategy combines the Border Ligns Forex Reversal Indicator with the Forex Trend Scanner to provide a comprehensive system for spotting high-probability reversals confirmed by strong trend analysis.

The Border Ligns indicator highlights potential reversal zones based on a price action channel, while the Forex Trend Scanner quickly identifies the overall trend direction.

This combination ensures trades are entered only when the reversal aligns with the prevailing trend, enhancing accuracy and profitability.

What is This Strategy About?

The Border Ligns Forex Reversal Indicator detects potential turning points in the market with the help of a colored channel.

The Forex Trend Scanner supports this by providing trend confirmation, allowing traders to align entries with dominant market momentum.

Together, these tools enable traders to catch strong reversal moves while minimizing counter-trend risk.

Buy Rules

• Wait for the Border Ligns bands to begin sloping upward again.
• Confirm that the Forex Trend Scanner shows a bullish green colored candlestick.
• Enter a buy trade once both conditions are satisfied.
• Place a stop-loss below the recent swing low or the nearest support line.
• Set take profit targets at key resistance levels or use a trailing stop to maximize gains.

Sell Rules

• Wait for the Border Ligns bands to begin sloping downward again.
• Confirm that the Forex Trend Scanner shows a bearish red colored candlestick.
• Enter a sell trade once both indicators align.
• Place a stop-loss above the recent swing high or nearest resistance line.
• Set take profit near support levels or use trailing stops to lock in profits.

Case Study 1

USD/CHF M5 Chart Analysis (32-Day Sample Period):

• Total Signals: 48 trades
• Winning Trades: 33 (68.8%)
• Average Win: +38 pips
• Average Loss: -16 pips
• Net Result: +1014 pips over the testing period

Case Study 2

EUR/AUD H1 Chart Analysis (40-Day Sample Period):

• Total Signals: 28 trades
• Winning Trades: 18 (64.3%)
• Average Win: +67 pips
• Average Loss: -28 pips
• Net Result: +926 pips over the testing period

Advantages

• Combines reversal detection with strong trend confirmation across multiple timeframes.
• Helps traders avoid counter-trend trades and false reversals.
• Clear and actionable buy/sell rules simplify decision-making.
• Effective for multiple currency pairs and timeframes.

Drawbacks

• May give fewer signals during trending markets without clear reversals.
• Requires patience to wait for confirmation on multiple timeframes.
• Stop-loss placement can be challenging near volatile support/resistance zones.

This strategy is well-suited for active sessions like London and New York, where volatility and trend strength offer good trading opportunities.

Proper risk management remains essential to safeguard capital.

Indicator Specifications

Final Words

The Border Ligns Forex Reversal Indicator is a great addition to any manual trader’s toolbox.

With its simple structure and consistent results, it’s especially powerful when combined with basic price action or momentum tools.

Use it to mark high-probability reversal zones and improve your timing.