The FIJI BB Alert Forex indicator for mt4 (Metatrader 4) enables traders to pinpoint accurate trade entries and exits in a trend channel.
The indicator pops up in the main MT4 chart window as a trend-following channel together with colored buy and sell signals.
This indicator is really easy to understand and trade.
Buy & Sell Trade Example
- Open a buy trade whenever the blue dot appears on the chart and the channel is trending up.
- Open a sell trade whenever the white dot appears on the chart and the channel is trending down.
- Close the trade at the opposite BB channel band.
The FIJI BB Alert 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 “fiji-bb-alert.ex4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the FIJI BB Alert MT4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the FIJI BB Alert 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: Signals
Does the indicator repaint? No.
Fiji BB Alert + RSI with Bollinger Bands Trend Reversal Scalping Strategy for MT4
This MT4 scalping strategy combines the Fiji BB Alert Indicator with the RSI with Bollinger Bands Trend Reversal Indicator.
It works well on short timeframes like the M5 and M15 charts.
This combination is designed for traders who like fast entries and quick profits by following clear visual signals from both indicators.
Fiji BB Alert provides breakout dots and channel direction, while the RSI with Bollinger Bands Trend Reversal Indicator confirms reversals with arrows.
Buy Entry Rules
- Wait for a blue dot to appear on the Fiji BB Alert Indicator and ensure the channel is trending up.
- Confirm a green arrow from the RSI with the Bollinger Bands Trend Reversal Indicator appears on the chart.
- Open a buy trade at the next candle open after both signals align.
- Set the stop loss just below the lower Bollinger Band or the recent swing low.
- Take profit at the opposite Bollinger Band channel or at a fixed pip target, such as 15–25 pips on M5.
Sell Entry Rules
- Wait for a white dot to appear on the Fiji BB Alert Indicator and ensure the channel is trending down.
- Confirm a red arrow from the RSI with the Bollinger Bands Trend Reversal Indicator appears on the chart.
- Open a sell trade at the next candle open after both signals align.
- Set the stop loss just above the upper Bollinger Band or the recent swing high.
- Take profit at the opposite Bollinger Band channel or at a fixed pip target, such as 15–25 pips on M5.
Advantages
- Clear visual signals reduce guesswork.
- Works well on fast-moving markets during London or New York sessions.
- Combines breakout and reversal logic for higher accuracy.
- Can be adapted for different timeframes with minor adjustments.
Drawbacks
- False signals may occur during flat or ranging markets.
- Requires quick execution due to the fast nature of scalping.
- Short targets mean spreads and commissions can eat into profits if not monitored.
Case Study 1 – EUR/USD M5
On the EUR/USD 5-minute chart, a blue dot appeared on the Fiji BB Alert Indicator with an uptrend channel.
A green arrow from the RSI Bollinger Bands Trend Reversal Indicator followed two candles later.
A buy trade was opened at 1.0840 with a stop loss at 1.0820 and a take profit at the opposite band at 1.0870.
The trade reached the target in 20 minutes, generating 30 pips profit.
Case Study 2 – GBP/USD M15
On the GBP/USD 15-minute chart, a white dot signaled a downtrend on the Fiji BB Alert Indicator.
The RSI Bollinger Bands Trend Reversal Indicator printed a red arrow shortly after.
A sell trade was placed at 1.2615 with a stop loss at 1.2645 and take profit at the opposite band at 1.2570.
The move produced a 45-pip gain within one hour.
Strategy Tips
- Use this strategy during active market sessions for stronger moves.
- Apply a trailing stop once the trade is in profit to lock in gains.
- Avoid trading just before high-impact news events, as volatility can cause false signals.
- Experiment with different timeframes to find your optimal setup.
