About the Eata Trend Signals Indicator
The Eata Trend Signals Indicator for MT4 is a trend-following tool that helps traders identify major currency trend directions and potential trade opportunities.
It combines a colored signal line in a separate MT4 window with green and red arrows directly on the main chart for easy trade visualization.
Green arrows indicate potential bullish setups, while red arrows highlight potential bearish moves.
The red and blue signal line in the oscillator window allows traders to observe trend strength and direction, making it easier to align trades with prevailing market conditions.
Eata Trend Signals is versatile and can be used as a primary trading system, a confirmation tool for other indicators, or a guide for trend management.
Free Download
Download the “eata.mq4” indicator for MT4
Key Features
- Green and red signal arrows for quick trade identification
- Works on all currency pairs and timeframes
- Can be used for trend-based entries, exits, or confirmations
- Helps filter noise and identify strong trend setups
- Provides clear visual cues for faster decision-making
Indicator Chart
The chart below shows the Eata Trend Signals Indicator in action.
Green and red arrows mark potential trade entries, while the separate signal line shows trend strength and direction.
Green arrows indicate buying opportunities aligned with bullish momentum.
Red arrows highlight potential selling zones when bearish pressure dominates.
The signal line allows traders to monitor overall trend flow and avoid counter-trend trades.
Guide to Trade with Eata Trend Signals Indicator
Buy Rules
- Enter a buy trade when a green arrow appears on the chart
- Confirm the trend is upward using the blue/red signal line
- Check higher timeframe trends for additional confidence
- Maintain position until an opposite arrow signals a potential reversal
Sell Rules
- Enter a sell trade when a red arrow appears on the chart
- Confirm the trend is downward using the signal line
- Align with key resistance levels or trend filters
- Hold until a green arrow appears for possible reversal
Stop Loss
- Place stop loss just beyond the most recent swing high for sells or swing low for buys
- Adjust according to market volatility and recent price swings
- Provide sufficient space to avoid normal market fluctuations triggering the stop
Take Profit
- Target key support/resistance levels or previous swing highs/lows
- Consider scaling out partially near significant price zones
- Use trailing stops along trend direction to capture extended moves
Practical Tips
- Combine with moving averages or trend filters for added confirmation
- Monitor higher timeframes to strengthen the validity of the signals
- Avoid trading during low liquidity periods to reduce false entries
- Use the signal line to gauge trend strength and avoid counter-trend trades
EATA Trend Signals + Alligator MT4 Scalping Strategy
This scalping strategy combines the EATA Trend Signals MT4 Indicator with the Alligator MT4 Indicator.
EATA provides early trend or reversal signals, while Alligator confirms trend strength.
This setup is ideal for lower timeframes such as M1, M5, and M15 and works best on major forex pairs with tight spreads like EURUSD, GBPUSD, USDJPY, EURJPY, and GBPJPY.
Why It Works
EATA gives a directional bias before momentum builds.
Alligator shows when the market is trending or ranging.
Combining them filters weak entries and improves accuracy for quick scalping trades.
Buy Entry Rules
- Wait for a buy signal from the EATA Trend Signals indicator.
- Confirm that the Alligator lines are opening upward (green above red above blue) and diverging.
- Enter on the close of the confirmation candle above the Alligator lines.
- Place a stop loss just below the recent swing low or a few pips below the Alligator jaw.
- Take profit after 5–15 pips or when EATA shows an opposite signal.
Sell Entry Rules
- Wait for a sell signal from the EATA Trend Signals indicator.
- Confirm that the Alligator lines are opening downward (green below red below blue) and diverging.
- Enter on the close of the confirmation candle below the Alligator lines.
- Place a stop loss just above the recent swing high or a few pips above the Alligator jaw.
- Take profit after 5–15 pips or when EATA shows an opposite signal.
Advantages
- Dual confirmation improves trade quality.
- Filters out choppy market conditions.
- Clear and repeatable rules for scalpers.
- Works on multiple currency pairs with minimal adjustments.
Drawbacks
- Scalping requires very low spreads and fast execution.
- Alligator reacts slowly to sudden reversals.
- Frequent small losses are possible if stop losses are too tight.
- Requires discipline to exit quickly.
Example Case Study 1 — EURUSD M5
During the London session, EURUSD was trending upward.
EATA gave a buy signal while the Alligator lines opened upward.
Entry on candle close above the Alligator lips. Stop loss placed below the recent low.
Take profit of 10 pips reached within minutes before any reversal occurred.
Example Case Study 2 — GBPJPY M1
GBPJPY was trending downward.
EATA showed a sell signal, and the Alligator lines opened downward.
Entry taken below the Alligator lips line.
Stop loss just above the recent high.
Take profit of 8 pips hit quickly before the market paused.
Strategy Tips
- Focus on major pairs like EURUSD, GBPUSD, USDJPY, EURJPY, and GBPJPY to reduce spread costs.
- Trade during high-volume sessions such as London or New York for stronger moves.
- Avoid trading when Alligator lines are flat or tangled, indicating low volatility.
- Backtest and adjust profit targets and stop losses to match each pair’s volatility.
- Keep risk per trade small because scalping generates many entries.
Download Now
Download the “eata.mq4” indicator for Metatrader 4
FAQ
How does the indicator determine buy and sell arrows?
The indicator identifies entries based on trend momentum and direction, marking green arrows for bullish conditions and red arrows for bearish conditions in alignment with the signal line.
Can Eata Trend Signals be used on all timeframes?
Yes, it is effective on multiple timeframes. Higher timeframes offer more reliable trend confirmation, while lower timeframes can provide faster trading opportunities.
Can it be combined with other indicators?
Yes, traders often combine it with support/resistance levels, moving averages, or oscillators to filter trades and increase confidence in signals.
Summary
The Eata Trend Signals Indicator for MT4 provides an efficient way to follow major currency trends using green and red signal arrows.
Its trend line adds extra context, allowing traders to assess the strength and direction of the market.
Flexible across timeframes and currency pairs, it can be used for primary entries, confirmations, or trend management.
When combined with proper risk management and trend analysis, the indicator helps traders capture profitable trend moves and make well-informed trading decisions.
