The Emilio Super Bands Forex indicator for MT4 (Metatrader 4) draws super trend buy & sell bands around the candlesticks.
The indicator appears in the main MT4 chart window as two blue colored bands wrapped around the candlesticks.
Emilio Super Bands can be categorized as a trading channel indicator that can be used in multiple ways.
General Assumptions
- A buy trend occurs when the super bands are pointing up. Look for a trade entry signal.
- A sell trend occurs when the super bands are pointing down. Look for a sell trade entry signal.
The Emilio Super Bands 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.
Free Download
Download the “emilio-super-bands-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Emilio Super Bands mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Emilio Super Bands 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: Trading bands
Does the indicator repaint? No.
Emilio Super Bands + XTC Trend MT4 Scalping Strategy
This scalping approach combines the Emilio Super Bands Forex Indicator (MT4) with the XTC Forex Trend Indicator (MT4).
The goal is to use the Super Bands to define volatility bands and extremes, and use the XTC Trend to confirm the short-term trend direction.
Together, they help you enter quick, high-probability trades in intraday moves.
Intro
The Emilio Super Bands indicator plots dynamic upper and lower bands around price, giving a sense of overextended moves and possible pullbacks or reversals.
The XTC Trend indicator identifies whether the market is trending up or down in the short term.
When a price touches or nears a band and the trend aligns, you get a cleaner entry setup.
This works best on fast timeframes: M1, M5, M15. Scalpers who prefer quick setups with tight risk will like this.
Because you’re trading near extremes and with trend confirmation, you avoid many false breakouts.
Buy Entry Rules
- Price must touch or slightly dip below the lower Emilio Super Band (or be in its lower band zone).
- XTC Trend must be showing a blue bullish direction.
- Wait for a bullish candle that closes back above the band (rejection of the lower band) as confirmation.
- Enter at the close of that candle or as soon as it begins moving upward with bullish momentum.
- Stop loss: place just below the extreme low of the band touch plus a small buffer (a few pips beyond the band).
- Take profit: aim for a fixed 1:1.5 or 1:2 risk ratio.
Sell Entry Rules
- Price must touch or slightly exceed the upper Emilio Super Band.
- XTC Trend must show a red bearish direction.
- Wait for a bearish candle closing below the band (rejection of the upper band) as confirmation.
- Enter at that candle’s close or when downward momentum resumes.
- Stop loss: place just above the high of the band touch plus a small buffer.
- Take profit: target a risk-to-reward ratio of 1:1.5 or 1:2.
Advantages
- Uses volatility bands to define oversold/overbought zones, reducing random entries.
- XTC Trend provides a trend filter so you don’t fight momentum.
- Tight stops are possible because entries are close to the band extremities.
- Scalable across M1, M5, and M15, depending on your risk appetite.
Drawbacks
- In ranging markets, the price may bounce between bands, causing whipsaws.
- Signals may fail on sharp news spikes or during low liquidity.
- Entry timing must be precise; delayed entries may reduce reward or cause losses.
Example Case Study 1 — M5 EURUSD Scalping
On M5, the price dipped slightly below the lower Emilio Super Band. XTC Trend was bullish.
A small bullish candle closed back above the band. A buy entry was taken.
The stop was placed just below the band touch (buffer of 2 pips).
Target set to the upper Emilio band. The move hit TP for ~8 pips profit.
Example Case Study 2 — M15 GBPUSD Scalping
On M15, the price moved up and touched the upper Super Band. XTC Trend confirmed bearish.
A bearish candle closed under the band. A sell entry was taken.
The stop was placed just above the band. TP aimed at the mid or lower band.
The trade moved down to hit the Emilio lower band, giving ~15 pips profit before the price reversed.
Strategy Tips
- Use currency pairs with tight spreads and decent volatility.
- Set the maximum number of trades per hour or session to avoid overtrading.
- Consider scaling out: take partial at halfway and let the remainder run if momentum continues.
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Download the “emilio-super-bands-indicator.mq4” indicator for Metatrader 4
