The Forex Laser Reversal Points indicator for Metatrader 4 (MT4) displays precise trend reversal signals on the activity chart.
The indicator gets displayed in the main MT4 chart window as colored blue and red signal lines.
Buy & Sell Trade Example
- Open a buy trade as soon as the blue signal line appears on the chart.
- Open a sell trade as soon as the red signal line appears on the chart.
- Reverse the open position whenever an opposite signal is displayed on the chart.
The Forex Laser Reversal Points indicator can be used for both trade entry and exit, or as an additional trend confirmation filter for other strategies and systems.
For scalping and day trading purposes, the indicator tends to generate the most profit during the London and U.S. trading sessions.
The indicator works equally well on all currency pairs (majors, minors, and exotic) and shows promising results if used correctly.
Free Download
Download the “Forex Laser Reversal Points.ex4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Forex Laser Reversal Points mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Laser Reversal Points 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: Trend reversal
Does the indicator repaint? No.
Day Trading Strategy: Forex Laser Reversal Points + Zero Lag MACD (MT4)
This strategy combines the Forex Laser Reversal Points Indicator and the Zero Lag MACD Indicator to identify high-probability trend reversals and confirm entry signals.
The Forex Laser Reversal Points Indicator shows trend direction with a blue line for bullish trends and a red line for bearish trends.
The Zero Lag MACD displays a histogram: above 0 indicates a buy signal, and below 0 a sell signal.
This strategy is designed for intraday trading on 15-minute to 1-hour charts.
Buy Entry Rules
- Confirm the trend is bullish with the blue line of the Forex Laser Reversal Points Indicator.
- Wait for the Zero Lag MACD histogram to be above 0 as a buy signal.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the most recent swing low or key support level.
- Set take profit at a 1:2 reward-to-risk ratio, or exit if the trend turns bearish (red line) or the MACD histogram moves below 0.
Sell Entry Rules
- Confirm the trend is bearish with the red line of the Forex Laser Reversal Points Indicator.
- Wait for the Zero Lag MACD histogram to be below 0 as a sell signal.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the most recent swing high or key resistance level.
- Set take profit at a 1:2 reward-to-risk ratio, or exit if the trend turns bullish (blue line) or the MACD histogram moves above 0.
Advantages
- Combines trend identification with momentum confirmation for higher probability trades.
- Non-repainting indicators provide reliable signals for intraday trading.
- Works across multiple currency pairs and timeframes.
- Helps traders avoid entering against the prevailing trend.
- Clear entry and exit rules improve discipline and reduce emotional decisions.
Drawbacks
- Trend reversals during economic news can trigger stop losses quickly.
- Multiple signals in quick succession may lead to overtrading.
- Signals may lag slightly in extremely fast-moving markets.
- Scalpers may find it less effective on very short timeframes due to delayed confirmation.
Case Study 1
On the AUD/USD 30-minute chart, the Forex Laser Reversal Points Indicator showed a blue bullish trend line.
The Zero Lag MACD histogram was above 0.
A buy trade was entered at 0.6730, with a stop loss at 0.6715 and a take profit at 0.6760.
The trade reached take profit within 2 hours, yielding a 30-pip gain.
Case Study 2
On the USD/JPY 1-hour chart, the Forex Laser Reversal Points Indicator showed a red bearish trend line.
The Zero Lag MACD histogram was below 0.
A sell trade was entered at 149.50, with a stop loss at 149.80 and a take profit at 148.90.
The trade reached take profit in 3 hours, capturing a 60-pip gain.
Strategy Tips
- Use currency pairs with tighter spreads like AUD/USD, USD/JPY, EUR/GBP, and NZD/USD.
- Combine with short-term support and resistance levels to filter false signals.
- Use trailing stops to lock in profits during strong intraday trends.
- Be patient: wait for clear confirmation from both indicators before entering a trade.
- Adjust stop loss and take profit levels according to market volatility for optimal risk-to-reward.
- Practice this strategy on a demo account to understand timing and execution before trading live.
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Download the “Forex Laser Reversal Points.ex4” indicator for Metatrader 4
