The Arrow Head Trend Movement Indicator for Metatrader 5 uses a unique trading formula to determine the direction of the Forex trend.
The indicator gets loaded in the price chart as a sequence of non-repaint blue and red colored arrows.
Understanding these arrows is simple:
A blue arrow generates a buy signal, while a red arrow indicates a sell signal.
This signal indicator should work equally well for any currency pair and time frame.
The indicator includes several inputs and parameters, such as sharpness, alerts, messages, push, email, colors, and more.
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Arrowhead MT5.ex5 Indicator (MT5)
Trading Chart EURUSD H4
The picture below illustrates how the Arrow Head Trend Movement indicator looks when applied to the MT5 chart.
How To Buy And Sell Using The Arrow Head Trend Movement Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal is generated when the blue-colored arrow appears on the chart.
- Initiate a buy market order and place a stop loss below the most recent swing low level.
- Close the buy trade for a profit target that suits your preference, for example, +25 pips on the 5-minute chart.
- Alternatively, await a sell arrow to close the buy trade.
Sell Signal
- A sell signal is generated when the red-colored arrow appears on the chart.
- Initiate a sell market order and place a stop loss above the most recent swing high level.
- Close the sell trade for a profit target that suits your preference, for example, +10 pips on the 1-minute chart.
- Alternatively, await a buy arrow to close the buy trade.
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Arrowhead MT5.ex5 Indicator (MT5)
Powerful Combined MT5 Trend Strategy: Arrow Head + Guppy Zones
Combine the strengths of the Arrow Head Trend Movement Indicator and the Guppy Zones Forex Indicator to filter out false signals and trade with confidence in trending markets.
Strategy Concept
- The Guppy Zones indicator confirms trend direction and market structure.
- The Arrow Head indicator provides precise entry signals within that trend.
Timeframe & Pairs
- Timeframes: M15, H1
- Recommended Pairs: EUR/USD, GBP/USD, AUD/USD
Buy Entry Rules
- Guppy Zones must be green and expanding upward.
- Wait for an upward arrow signal from the Arrow Head indicator.
- Enter the trade at the candle close with the arrow.
- Place a stop loss below the Guppy zone or recent swing low.
- Target 2x the stop loss or exit on an opposite arrow or zone color change.
Sell Entry Rules
- Guppy Zones must be red and sloping downward.
- Wait for a downward arrow from the Arrow Head indicator.
- Enter the trade after the signal candle closes.
- Set stop loss above the Guppy zone or swing high.
- Take profit at 2x risk or exit when the trend starts weakening.
Strategy Tips
- Use this strategy during London or New York sessions for better volatility.
- Avoid trades when the price is trapped inside the Guppy zone (no clear trend).
- Always confirm signals with both indicators before entering a trade.
🔗 Get the Guppy Zones Forex Indicator
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Arrowhead MT5.ex5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
