The EES V Speed indicator for Metatrader 4 analyses the activity chart and displays the EES V Speed trading algorithm accordingly.
The indicator appears in a separate MT4 chart window.
The default V period is set to 5.
The EES V Speed indicator can be used for both trade entry and exit, or as an additional confirmation 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.
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Download the “ees-v-speed-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the EES V Speed mt4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the EES V Speed Forex 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: V speed
Does the indicator repaint? No.
EES-V Speed + Accelerator Oscillator MT4 Short-Term Strategy
Introduction
This short-term trading strategy merges the EES-V Speed Forex Indicator with the Accelerator Oscillator.
EES-V Speed highlights potential dynamic momentum zones and speed of price moves.
The Accelerator helps confirm short bursts of momentum change.
Because this is short-term, use lower timeframes like M5, M15, and M30.
The approach aims to catch quick directional moves with defined risk, making it suitable for active traders who watch charts frequently.
Why It Works
EES-V Speed gives you zones or signals where the price is accelerating.
The Accelerator adds a filter to confirm momentum shifts before entering. The dual check helps you avoid weak runs and false breakouts.
Buy Entry Rules
- EES-V Speed must suggest a bullish momentum zone (e.g., a speed or zone marker indicating upcoming strength up).
- The Accelerator Oscillator should turn above zero.
- Enter on the close of the confirmation candle (i.e., after the first green bar following the shift).
- Stop loss: place below the recent swing low or a little below the EES-V speed zone boundary, whichever is safer.
- Take profit: aim for a reward of 1× to 2× risk (small short targets). Alternatively, exit when the Accelerator reverses or the price enters an opposite speed zone.
Sell Entry Rules
- EES-V Speed must suggest a bearish momentum zone (speed zone or marker favoring downside).
- The Accelerator Oscillator should turn below zero.
- Enter on the close of the confirmation candle (first red bar after shift).
- Stop loss: place above the recent swing high or just above the EES-V zone boundary.
- Take profit: aim for 1× to 2× risk. Or exit when the Accelerator flips or the price enters an opposite zone.
Advantages
- Quick entries and exits, suited to short-term trading.
- Dual confirmation helps reduce false signals and noise.
- Works on many currency pairs with tuning for volatility.
- Risk is defined and manageable for short bursts.
Drawbacks
- Because it’s short-term, spreads and slippage can reduce profits significantly.
- Requires active monitoring and discipline to exit when conditions change.
- Indicator lag may delay entries in fast reversals.
Example Case Study 1 — EURUSD M15
During the London overlap, EES-V Speed flagged a bullish zone.
The Accelerator turned above the zero level.
Entry was taken on the close of the confirmation candle.
Stop loss was 10 pips below entry, profit target 15 pips (RR 1.5).
The price ran to the target in about 30 minutes, and a clean exit was made before momentum faded.
Example Case Study 2 — GBPUSD M5
GBPUSD in a mild downtrend showed a bearish speed zone by EES-V.
The Accelerator flipped below the zero level.
A short entry was executed.
Stop loss was 8 pips above entry, target 12 pips.
The move hit the target within 15 minutes before a pullback entered.
Strategy Tips
- Use pairs with tight spreads like EURUSD, GBPUSD, and USDJPY to keep costs low.
- Avoid low-volatility hours when the price is flat; trade during the London and New York sessions.
- Adjust stop/target distances to match pair volatility and timeframe.
- Exit immediately if the Accelerator reverses or EES-V enters a conflicting zone.
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Download the “ees-v-speed-indicator.mq4” indicator for Metatrader 4
