The Early Forex Trend Reversal indicator for Metatrader 4 finds early reversal points in exhausting trends and signals accordingly.
The indicator gets displayed in the main MT4 chart window in the form of white colored signal arrows.
Buy & Sell Trade Example
- Buy the pair when an upward-pointing arrow gets displayed on the chart.
- Sell the pair when a downward-pointing arrow gets displayed on the chart.
The Early Forex Trend Reversal indicator can be used for trade entry or as a trend reversal filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “KM-SA.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Early Forex Trend Reversal mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Early Forex Trend Reversal indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend reversal signals
Does the indicator repaint? No.
MT4 Day Scalping Strategy: Early Forex Trend Reversal + ZWinner Trend Indicator
This MT4 day scalping strategy combines the Early Forex Trend Reversal Indicator and the ZWinner Trend Forex Indicator to identify high-quality intraday trading opportunities.
The first indicator provides early buy and sell reversal signals using white arrows, while the second confirms the underlying market trend with a colored histogram.
When both align, they form an efficient short-term setup that works best on the M5 and M15 charts.
This approach is ideal for traders who prefer fast-paced action and precise entries with short holding times.
Buy Entry Rules
- Confirm that the ZWinner Trend histogram is green, showing a bullish market bias.
- Wait for a white UP arrow from the Early Forex Trend Reversal Indicator to appear.
- Enter a buy trade at the close of the candle forming the white UP arrow.
- Place the stop loss just below the nearest minor swing low or the most recent candle’s low.
- Set the take profit at 10–18 pips, depending on volatility or near the next intraday resistance level.
Sell Entry Rules
- Ensure the ZWinner Trend histogram is red, confirming a bearish market condition.
- Wait for a white DOWN arrow from the Early Forex Trend Reversal Indicator to confirm entry.
- Enter a sell trade at the close of the candle forming the white DOWN arrow.
- Place the stop loss just above the nearest swing high or the candle high that generated the arrow.
- Set the take profit between 10 and 18 pips or at the next short-term support level.
Advantages
- Combines trend confirmation and reversal signals for greater precision.
- Ideal for fast intraday setups with short exposure time.
- Works effectively across major and cross-currency pairs.
- Simple visual cues make it easy to execute trades without hesitation.
- Can be used as part of a larger trading system for timing entries and exits.
Drawbacks
- Performance drops during overlapping sessions when the price consolidates.
- Multiple false reversals can occur in flat or choppy market conditions.
- Requires precise execution—delays can significantly reduce reward potential.
- Best results depend on the broker’s execution speed and low spreads.
- Not suitable for traders who cannot monitor charts frequently throughout the day.
Case Study 1: AUD/USD M15 Scalping Setup
On the M15 chart of AUD/USD, the ZWinner Trend histogram was solid green, confirming bullish momentum.
A white UP arrow appeared from the Early Forex Trend Reversal Indicator near 0.6508.
A buy trade was opened at the candle close.
The stop loss was placed at 0.6500 and the take profit set at 0.6523, aiming for 15 pips.
The trade hit the target within 25 minutes as the pair continued trending upward.
Case Study 2: EUR/JPY M5 Scalping Setup
On the M5 timeframe, EUR/JPY displayed a red ZWinner Trend histogram, confirming a bearish trend.
Shortly after, a white DOWN arrow appeared at 165.72, signaling a sell entry.
The trade was entered at the candle close with a stop loss at 165.82 and a take profit target at 165.58.
The move completed quickly during the London session, delivering a 14-pip gain within 10 minutes.
Strategy Tips
- Stick to major pairs like EUR/USD, GBP/JPY, or AUD/USD for consistent volatility and lower spreads.
- Avoid trading during major news events, as sudden price spikes can invalidate signals.
- Check that both indicators align before entering any trade to reduce false entries.
- For better results, confirm setups with price action—like breakouts or engulfing candles.
- Once in profit, move the stop loss to breakeven to protect capital.
