About the DKX Arrows & Alerts Indicator
The DKX Arrows & Alerts Indicator for MT4 is designed to simplify trade decisions by marking potential entry and exit points with arrow signals and real-time alerts.
It blends trend detection, momentum, and reversal cues to deliver clear visual signals.
Ideal for traders who want actionable setups without having to watch charts constantly, this tool highlights shifts in price behaviour and issues alerts when the price reaches key thresholds.
It’s especially useful for intraday and swing traders looking for objective entry timing.
Free Download
Download the “dkx-arrows-alerts-indicator.mq4” indicator for MT4
Key Features
- Automatic arrow signals (bullish & bearish) are plotted on the chart when conditions meet.
- Configurable alerts: pop-up, email, or mobile push notifications.
- Trend filter option (e.g., moving averages) to avoid signals against the trend.
- Support for multiple timeframes to reduce false signals.
- User-friendly visuals: customizable arrow styles and colours.
Indicator Example Chart (EUR/USD H1)
The image below displays the DKX Arrows Alerts MT4 indicator in action on the trading chart.
How To Trade Using This Indicator
Buy & Sell
- Buy: A blue bullish arrow appears after price bounces off support (or when price is above the trend MA) and momentum indicators are rising.
- Enter at the close of the candle that forms the arrow, or immediately after confirmation from price action (e.g., bullish engulfing or strong pin).
- Sell: A magenta bearish arrow appears near resistance (or when price is below trend MA) and momentum is waning.
- Enter on confirmation candle close or after reversal price action (e.g., bearish engulfing).
Stop Loss and Take Profit
- Place a stop loss a few pips beyond the recent swing high (for a sell) or swing low (for a buy).
- If possible, use ATR multiple or recent volatility to set a stop for better risk control.
- For take profit, aim for support/resistance zones, prior structure, or maintain a minimum risk-to-reward of 1:2.
- Trail stop once trade is well in profit or after a strong move confirming trend continuation.
The DKX Winners Rise MT4 Strategy
This strategy combines the DKX Arrows Alerts Indicator with the Winners Rise Forex Scalper Indicator to create a dynamic and highly filtered trading system.
The DKX Arrows Alerts indicator is a straightforward signal generator that places clear buy and sell arrows on the chart.
The Winners Rise Forex Scalper acts as a confirmation tool, ensuring that each arrow signal is backed by strong, short-term momentum.
By using this dual-indicator approach, you can filter out many false signals and only enter trades when the market is moving decisively in your favor.
This system is designed for scalping and day trading and is particularly effective on time frames like M5 and M15.
Buy Entry Rules
- The DKX Arrows Alerts indicator displays a new buy signal (e.g., a blue up arrow).
- The Winners Rise Forex Scalper indicator shows a bullish signal (e.g., a green bar or line).
- Stop Loss: Place your stop loss just below the most recent swing low.
- Take Profit: Aim for a fixed target of 10-15 pips, or exit when the Winners Rise Forex Scalper indicator changes to a bearish signal.
Sell Entry Rules
- The DKX Arrows Alerts indicator displays a new sell signal (e.g., a magenta down arrow).
- The Winners Rise Forex Scalper indicator shows a bearish signal (e.g., a red bar or line).
- Stop Loss: Place your stop loss just above the most recent swing high.
- Take Profit: Aim for a fixed target of 10-15 pips, or exit when the Winners Rise Forex Scalper indicator changes to a bullish signal.
Advantages
- Filtered Signals: The strategy uses a strong momentum filter to avoid trading in choppy markets, which is a common pitfall for scalping systems.
- High-Quality Entries: By combining a direct signal with a momentum confirmation, you can enter trades with a higher probability of success.
- Clear and Concise: The signals are visually straightforward to follow, making this system accessible to both new and experienced traders.
Drawbacks
- False Signals: Even with a filter, some false signals can occur, especially in low-volatility conditions or during sudden market swings.
- Limited Opportunities: You must wait for the exact alignment of both indicators. This can mean fewer trading opportunities compared to an unfiltered system.
Case Studies
Case Study 1: Buy Trade
On an M5 chart for EUR/USD, the Winners Rise Scalper indicator showed a strong green bar, indicating bullish momentum.
Concurrently, a blue up arrow appeared on the chart from the DKX Arrows Alerts.
A buy trade was entered with a stop loss placed below the recent swing low.
The price quickly moved up, hitting the 15-pip take-profit target within minutes, demonstrating the system’s effectiveness.
Case Study 2: Sell Trade
On an M15 chart for USD/JPY, the Winners Rise Scalper indicator turned red, confirming a downtrend.
At the same time, a magenta down arrow appeared from the DKX Arrows Alerts indicator.
A sell trade was opened with a stop loss placed above the previous swing high.
The price dropped sharply, and the trade was exited for a 20-pip profit when the Winners Rise Scalper indicator turned green.
Strategy Tips
- Confirm the Signal: Always ensure both indicators are in full agreement before taking a trade. Never take a signal if the momentum indicator does not align with the arrow.
- Risk Management: Always use a stop loss, and never risk more than 1-2% of your trading capital on a single trade.
Download Now
Download the “dkx-arrows-alerts-indicator.mq4” indicator for Metatrader 4
Indicator Specifications
| Specification | Details |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All timeframes; recommended: H1, H4, Daily |
| Inputs |
|
| File | DKX_Arrows_Alerts.ex4 |
| License | Free download — personal use only |
FAQ
1. Do arrows repaint after candle close?
No — arrow signals are fixed once their candle closes.
The indicator may delay slightly if using smoothing settings, but does not repaint past signals, maintaining signal reliability.
2. Can this be used in trending vs ranging markets?
Yes. In trending markets, the trend filter helps ensure signals align with direction (for higher probability).
In ranging or weak trend contexts, you may want to rely on arrow confirmation with support/resistance or combine with oscillators to avoid false entries.
3. How should I adjust parameters during volatile news or high spread conditions?
During high volatility or news, increase sensitivity thresholds or add more smoothing.
Widen stop losses or consider waiting for a confirmation candle after the arrow.
Alternatively, reduce risk size or avoid trading immediately after major events.
4. Is this indicator suitable for swing trades or only short-term trades?
It’s usable for both. For swing trades, use higher timeframes (Daily / H4), and allow trades more time to develop.
For short-term or intraday trades, use H1 / H4 for confirmation, tighter stops, and more stringent filters.
Summary
DKX Arrows & Alerts gives you clear visual entry/exit cues and timely alerts — excellent for traders who want objective triggers without chart over-analysis.
For best results: align arrow direction with trend (e.g., use MA200), confirm with momentum (RSI or MACD), trade near structural levels, and manage risk with proper SL/TP or trailing stops.
Example strategy: only enter bullish arrows when price is above MA200, set stop a few pips below recent swing low, aim for twice your risk or next resistance.
Using this method regularly can increase consistency and reduce emotional trades.
