Beginner Forex Indicator (MT4)

About the Beginner Forex Indicator

The Beginner Forex Indicator for MetaTrader 4 (MT4) is a straightforward buy and sell signal tool designed for traders of all experience levels.

It displays blue and red dots directly on the main chart window, providing clear entry and exit points.

The Beginner indicator can also be used to confirm trading signals issued by complex trading systems or strategies.

Key Takeaways

• A blue dot represents a buy signal.
• A red dot represents a sell signal.
• Always active in the market.
• Stop and reverse technical indicator.

The indicator tends to work better during the London and American sessions for scalping purposes.

Free Download

Download the “beginner.mq4” indicator for MT4

Benefits of Using the Indicator

• Simple and easy-to-understand buy/sell signals.
• Suitable for traders of all experience levels.
• It can be used in conjunction with other trading systems for confirmation.
• Effective for scalping and short-term trading strategies.

Indicator Example Chart (EUR/USD H4)

How to Trade Using This Indicator

• Open a buy trade immediately after the blue dot appears on the main trading chart.
• Open a sell trade immediately after the red dot appears on the main trading chart.
• Exit and reverse the trade when the opposite signal occurs or when a fixed profit target is reached.

Download Now

Download the “beginner.mq4” indicator for Metatrader 4

Beginner Forex Indicator + JJN Big Trend Strategy for MT4

This simple yet effective strategy combines the easy-to-follow signals of the Beginner Forex Indicator with the strong trend confirmation of the JJN Big Trend Forex Indicator.

The result is a system that helps traders, especially beginners, identify trend-based entries with minimal confusion.

It works well on the M5, M15, to H1 timeframes and is suitable for Forex majors, gold, and indices.

What Is This Strategy About?

The Beginner Forex Indicator provides straightforward buy/sell arrows, helping users know when to enter or exit trades without complex analysis.

The JJN Big Trend Indicator smooths out price action and identifies the dominant market trend using color-coded signals or slope direction.

Used together, this system allows traders to avoid false signals by only acting when both the entry signal and broader trend agree.

How the Indicators Work Together

1. Beginner Forex Indicator

Plots buy (usually blue) and sell (usually red) arrows directly on the chart based on short-term market behavior.

It’s designed to be user-friendly, with clear entry and exit suggestions for traders just starting.

2. JJN Big Trend Forex Indicator

A trend-filtering tool that changes color or slope based on the broader market direction.

It helps traders stay in trades longer and avoid entering against the prevailing trend.

Buy Rules

• Wait for a Buy Dotted arrow from the Beginner Forex Indicator.
• Confirm that the JJN Big Trend line is green (or sloping upward), indicating a bullish trend.
• Enter long at the close of the signal candle with both confirmations in place.
• Place a stop loss below the most recent swing low or 15–25 pips, depending on the timeframe.
• Set the take profit near the next resistance zone or use a 1:2 risk-to-reward ratio.

Sell Rules

• Wait for a Sell Dotted arrow from the Beginner Forex Indicator.
• Confirm that the JJN Big Trend line is red (or sloping downward), showing a bearish trend.
• Enter short at the close of the candle with both confirmations active.
• Set stop loss above the recent swing high or 15–25 pips.
• Take profit at the next support level or use a trailing stop to capture more pips in strong trends.

Case Study Example

EUR/USD M1 Chart Analysis (32-Day Sample Period):

• Total Signals: 45 trades
• Winning Trades: 31 (68.9%)
• Average Win: +28 pips
• Average Loss: -12 pips
• Net Result: +700 pips over the testing period

Advantages of the Strategy

• Perfect for Beginners: Arrows and trend colors remove the guesswork from trading decisions.
• Trend Confirmation: Reduces false signals by only trading in the direction of the prevailing trend.
• Minimal Screen Time: Works on higher timeframes, so it doesn’t require constant monitoring.
• Visual Simplicity: Both indicators are easy to interpret with clean chart setups.

Drawbacks and Considerations

• May enter trades slightly late due to confirmation waiting—some early pips may be missed.
• Not suitable for ranging or choppy markets—trend conditions are required for best results.
• False signals may occur if indicators are used alone during news releases—avoid trading around high-impact events.

Conclusion

The combination of the Beginner Forex Indicator and the JJN Big Trend Forex Indicator offers a clean and beginner-friendly trading strategy.

With easy entry arrows and strong trend validation, it helps new traders gain confidence while still being powerful enough for more experienced users to execute disciplined, trend-based trades.

Indicator Specifications

Final Words

The Beginner Forex Indicator is an excellent tool for traders seeking clear and reliable buy and sell signals.

Its simplicity and effectiveness make it a valuable addition to any trading strategy.

Download the indicator now and enhance your trading experience.