Simple Signal T3 Forex Indicator (MT4)

About the Simple Signal T3 Indicator

The Simple Signal T3 indicator that works on MT4 is an easy-to-follow, yet accurate buy and sell Forex indicator that works with the popular T3 filter.

After loading the indicator onto the chart, the green buy and sell signal line will appear underneath the activity chart.

Trading with this indicator is utterly simple, even for newbie traders:

• A bullish trend occurs when the Simple Signal T3 indicator crosses the 0.00 level upwards.
• A bearish trend occurs when the Simple Signal T3 indicator crosses the 0.00 level downwards.

For scalping, use the 5-minute chart during the active trading sessions (London and U.S.)

Key Features

• Uses T3 smoothing for reduced false signals
• Suitable for scalping, day trading, and swing trading
• Non-repainting and beginner-friendly

Free Download

Download the “band-wimp-indicator.mq4” indicator for MT4

Benefits of Using This Indicator

• Easy-to-interpret trading signals
• Helps eliminate emotional bias during trend changes
• Reduces market noise through T3 smoothing
• Can be used standalone or with other tools like RSI or MACD

Indicator Example Chart (EUR/USD M5)

How To Trade Using This Indicator

• Open a buy trade as soon as the green signal line crosses back above the neutral 0.00 level.
• Open a sell trade as soon as the green signal line crosses back below the neutral 0.00 level.
• Set your stop-loss just beyond the latest swing high or swing low to protect your position.
• Exit the open trade whenever the opposite trading signal appears on the chart.

Download Now

Download the “band-wimp-indicator.mq4” indicator for Metatrader 4

Simple Signal T3 + Forex Gump Indicator Strategy for MT4

This strategy blends the straightforward signal power of the Simple Signal T3 Forex Indicator with the dynamic trend-following logic of the Forex Gump Indicator.

The result is a balanced trading system that focuses on clear entries within trending environments, helping traders filter out noise and execute with greater precision.

This approach works well on M15 to H1 charts, making it suitable for both intraday and swing traders.

What Is This Strategy About?

The Simple Signal T3 indicator provides direct buy and sell alerts based on smoothed price action using T3 moving averages, while the Forex Gump indicator offers an adaptive trend and volatility filter.

By using the Gump indicator to identify trend direction and the T3 indicator to time entries, this strategy avoids sideways markets and focuses on high-probability trade zones.

How the Indicators Work Together

1. Simple Signal T3 Indicator

This indicator uses T3 smoothed averages to generate timely buy and sell signals.

It filters out market noise and provides clearer, lag-reduced signals than traditional moving averages.

These signals are best used when they align with the prevailing market direction.

2. Forex Gump Indicator

The Forex Gump is a trend-following indicator that changes color and shape depending on the market direction and volatility.

It shows whether the market is trending strongly, pausing, or reversing.

It acts as the foundation for deciding whether to follow or ignore a signal from the Simple Signal T3.

Buy Rules

• Wait for the Forex Gump indicator to show a bullish trend (typically a green or upward signal line).
• Look for a bullish cross, above the 0 level from the Simple Signal T3 indicator during that bullish condition.
• Ensure the entry occurs above recent support or after a breakout from a short-term range.
• Enter a long trade at the close of the candle with the T3 buy arrow.
• Place a stop loss below the recent swing low or the Forex Gump support band.
• Take profit at the next resistance level, or use a fixed 1:2 risk-reward ratio.

Sell Rules

• Wait for the Forex Gump to signal a bearish trend (typically a red or downward line).
• Look for a bearish cross, below the 0 level from the Simple Signal T3 indicator within this bearish condition.
• Confirm the signal occurs below a broken support level or after a failed bullish attempt.
• Enter short at the close of the T3 sell signal candle.
• Stop loss should be placed above the recent high or the Gump resistance zone.
• Exit the trade at the next support zone or after reaching a 1:2 risk-reward level.

Case Study Example

USD/CHF H1 Chart (Sample Period: 4 Weeks)

• Total Trades: 36
• Winning Trades: 24 (67%)
• Average Win: +28 pips
• Average Loss: -14 pips
• Net Result: +504 pips over the testing period

Advantages of the Strategy

• Simple Execution: Clear visual signals from both indicators make the system easy to follow.
• Trend Filtering: Forex Gump helps avoid trading in the wrong direction or during choppy market phases.
• Low Lag Signals: T3 smoothing reduces false entries caused by short-term noise.
• Suitable for All Pairs: Can be applied to majors, minors, and even commodities or indices.

Drawbacks and Considerations

• Ranging markets may still trigger losing trades—avoid trading when Forex Gump is flat or unclear.
• Best results occur during high-volume sessions—London and New York are preferred.
• Always confirm signals with basic price structure (support/resistance or trendlines) for additional confluence.

Strategy Conclusion

The combination of the Simple Signal T3 and Forex Gump indicators offers a structured and efficient method for trend-based trading.

By timing entries only when both indicators align, traders can reduce false signals and improve trade quality.

Whether you’re trading breakouts or riding a trend, this system provides clarity, consistency, and a clean execution plan.

Indicator Specifications

Final Words

The Simple Signal T3 Forex Indicator MT4 is a reliable tool for traders seeking clear, trend-based signals with minimal clutter.

Its smooth T3 filter makes it effective across timeframes, and its simple signals offer straightforward trade entry cues.