About the Forex Buy Sell Indicator
The Forex Buy Sell Indicator for MT4 is an efficient technical system designed specifically for the fast-paced environment of short-term trading.
It functions as a volatility-sensitive signal generator, identifying brief moments of directional momentum to provide clear entry points.
By focusing on rapid price fluctuations, the indicator allows traders to capitalize on intraday “micro-trends” that standard trend-following tools often miss.
This makes it a specialized utility for those who prefer high-frequency trading where the goal is to accumulate small, consistent gains throughout the day.
Free Download
Download the “forex-buy-sell-indicator.ex4” MT4 indicator
Key Features
- Provides instant visual buy and sell alerts via color-coded arrows.
- Optimized for M1, M5, and M15 timeframes for maximum scalping efficiency.
- Compatible with all major and minor currency pairs with no complex configuration.
- Ideal for active day traders looking to capture 10-20 pip market swings.
Indicator Chart
The Forex Buy Sell Indicator chart shows the interaction between price action and short-term momentum shifts.
It demonstrates how the indicator plots a green arrow immediately as the market swings upward, confirming a bullish transition in the price action.
Guide to Trade with Forex Buy Sell Indicator
Buy Rules
- Wait for a blue arrow to appear on your Metatrader 4 chart.
- Confirm that the arrow has appeared on a completed candle to ensure signal stability.
- Ensure the price is currently moving away from a known support zone.
- Open a long position at the start of the next candle following the blue signal.
Sell Rules
- Watch for a red arrow to appear on your active trading window.
- Wait for the signal candle to close before preparing your trade execution.
- Check that the market shows a bearish bias on the immediate timeframe.
- Open a short position at the start of the next candle following the red signal.
Stop Loss
- Place your stop loss at the most recent swing low for long entries.
- Place your stop loss at the most recent swing high for short entries.
Take Profit
- Close the trade as soon as an opposite color arrow is plotted on the chart.
- Target a fixed profit level based on the average daily range of the pair.
- Exit manually once you reach a predetermined risk-to-reward ratio of 1:1.5.
Forex Buy Sell and SuperTrend MTF MT4 Scalping Strategy
Introduction
This MT4 scalping strategy combines the precision of the Forex Buy Sell MT4 Indicator with the trend confirmation power of the SuperTrend MTF Forex Signal Indicator MT4.
The goal is to trade fast market movements on the M1 and M5 charts while staying aligned with the dominant trend.
The Forex Buy Sell indicator is responsible for entry timing.
It prints clear blue arrows for buy signals and red arrows for sell signals, making it ideal for scalping.
The SuperTrend MTF indicator serves as a higher-quality trend filter.
Its green line confirms bullish conditions while its red line confirms bearish conditions.
This strategy is most effective for traders who prefer short holding times and quick decision-making.
It is suitable for active trading sessions and performs well on volatile instruments.
By combining signal accuracy with trend direction, the strategy avoids many low probability trades that occur during market noise.
Buy Entry Rules
- The SuperTrend MTF line must be green, confirming a bullish trend.
- Price should be trading above or near the green SuperTrend line.
- A blue buy arrow must appear from the Forex Buy Sell indicator.
- Enter a buy trade at the close of the signal candle on M1 or M5.
- Place the stop loss a few pips below the most recent swing low.
- Set the take profit at 5 to 10 pips on M1 or 10 to 20 pips on M5 depending on volatility.
Sell Entry Rules
- The SuperTrend MTF line must be red, confirming a bearish trend.
- Price should be trading below or near the red SuperTrend line.
- A red sell arrow must appear from the Forex Buy Sell indicator.
- Enter a sell trade at the close of the signal candle on M1 or M5.
- Place the stop loss a few pips above the most recent swing high.
- Set the take profit at 5 to 10 pips on M1 or 10 to 20 pips on M5 depending on volatility.
Advantages
- Designed specifically for fast scalping on low time frames.
- Helps avoid countertrend trades using SuperTrend MTF filtering.
- Simple rules suitable for both beginners and advanced traders.
- Adaptable to different currency pairs and market conditions.
Drawbacks
- Requires strong focus and quick execution.
- Not ideal during low volatility or ranging markets.
- Spread and execution speed can affect results on M1.
- False arrows may appear during major news releases.
Case Study 1
On XAUUSD M5 during the New York session, the SuperTrend MTF line turned green after a bullish breakout.
Price pulled back slightly and then a blue buy arrow appeared on the Forex Buy Sell indicator.
A buy trade was opened with a 12 pip stop loss below the recent swing low.
The take profit was set at 45 pips.
Price accelerated upward and the target was reached within 35 minutes.
Case Study 2
On USDJPY M1 during the London open, the SuperTrend MTF line was clearly red and price remained below it.
After a short consolidation, a red sell arrow appeared.
A sell trade was entered with a tight 6 pip stop loss above the previous high.
The take profit was placed at 9 pips.
The market quickly moved lower and the trade closed in profit within 8 minutes.
Strategy Tips
- Trade only in the direction of the SuperTrend MTF to improve consistency.
- Use M5 to identify cleaner setups and M1 for more aggressive scalping.
- Avoid entering trades when the SuperTrend line is flat or frequently changing color.
- Reduce position size during high-impact news to manage risk.
- Consistent risk management is essential for long-term scalping success.
Download Now
Download the “forex-buy-sell-indicator.ex4” Metatrader 4 indicator
FAQ
Why are the arrows frequent on the 1-minute chart?
Because the Forex Buy Sell Indicator is tuned for short-term swings, it reacts to small changes in price momentum.
Is it better to trade during the Asian session with this tool?
This indicator performs best when there is enough volatility to create distinct price swings.
While it can work during the quieter Asian session, the most reliable signals typically occur during the European and US sessions.
Summary
The Forex Buy Sell Indicator is a straightforward and effective tool for traders who value speed and simplicity.
Its primary strength lies in its “plug-and-play” nature, making it accessible for beginners while remaining a useful alert system for experienced scalpers.
While it excels at catching quick pips, its true power is unlocked when combined with disciplined risk management and a basic understanding of market structure.
It is a reliable choice for anyone looking to refine their intraday execution on the MT4 platform.
