The Forex Market Hours and Sessions indicator for Metatrader 4 shows the different market hours and sessions on the trading chart.
It displays the Asia, New York, Tokyo, Europe, London, and Hong Kong open and close hours in a bottom window on the trading platform.
Free Download
Download the “Market hours.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Forex Market Hours and Sessions mt4 indicator in action on the trading chart.
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 hours
Does the indicator repaint? No.
MT4 Forex Market Hours and Awesome Indicator Strategy
The MT4 Forex Market Hours and Awesome Indicator Strategy helps traders align their trades with the most active sessions and momentum signals.
By combining market session awareness with a momentum-based oscillator, this strategy aims to capture high-probability trades when volume and volatility are at their best.
The Forex Market Hours and Sessions Indicator displays global trading sessions — Asia, Tokyo, London, Europe, Hong Kong, and New York — directly on the MT4 chart.
This helps traders know exactly when each market opens and closes, which is crucial for timing trades.
The Awesome Forex Indicator complements it by showing a histogram that measures market momentum: when the histogram is above zero, it indicates bullish strength; when it’s below zero, bearish pressure dominates.
This strategy works best on the M1 and M15 timeframes and is suitable for scalpers and short-term traders who want to trade only during active hours.
It focuses on entering trades when a strong session begins and momentum aligns with it.
Buy Entry Rules
- Identify an active session, such as the London or New York session, using the Forex Market Hours and Sessions Indicator.
- Wait for the Awesome Indicator histogram to move above the zero line, confirming bullish momentum.
- Open a buy trade at the next candle open.
- Set a stop loss 10 to 15 pips below the recent swing low on M1–M15 charts.
- Take profit between 15 and 30 pips, depending on volatility or when the histogram begins to weaken.
Sell Entry Rules
- Identify an active market session with high liquidity, such as London or New York overlap.
- Wait for the Awesome Indicator histogram to drop below the zero line, confirming bearish momentum.
- Enter a sell trade at the next candle open.
- Place a stop loss 10 to 15 pips above the latest swing high.
- Take profit between 15 and 30 pips or when the histogram starts to fade in color.
Advantages
- Combines session awareness with momentum for optimal timing.
- Works on multiple short-term timeframes, especially M1 and M15.
- A clear visual display of sessions helps avoid low-volume hours.
- Simple histogram confirmation for easy trade decisions.
- Perfect for traders who prefer structured entries during volatile hours.
Drawbacks
- Less effective during quiet Asian hours with limited volatility.
- False signals are possible if momentum changes rapidly at session opens.
- May produce fewer signals during consolidating markets.
Case Study 1: EUR/USD M1
During the London open, the Forex Market Hours Indicator showed the start of the session at 08:00 GMT.
The Awesome Indicator turned positive just after, with the histogram moving above zero as EUR/USD broke out of its overnight range.
A buy trade was opened at 1.0864 with a 10-pip stop loss.
Within 10 minutes, the price reached 1.0878 for a gain of +14 pips.
The histogram began to flatten afterward, signaling a good time to close the trade.
This example highlights how combining session timing with momentum confirmation can catch fast scalping moves.
Case Study 2: GBP/USD M15
On GBP/USD during the New York session, the Forex Market Hours Indicator showed both London and New York sessions overlapping — a high-volume period.
The Awesome Indicator histogram turned red and crossed below zero at 1.2655.
A sell position was entered at 1.2653 with a 15-pip stop loss.
Over the next 45 minutes, the price dropped to 1.2625, producing a +28 pip gain.
As the histogram started to turn lighter, the trade was exited.
This case shows how aligning trades with active market hours helps capture sustained price movement.
Strategy Tips
- Focus on session overlaps, such as London–New York, for the strongest momentum.
- Avoid trading during session transitions when volume temporarily drops.
- Use the Awesome Indicator zero-line crossover as your main confirmation signal.
- Keep trades short and disciplined, especially on the M1 timeframe.
- Combine with a simple trend filter or moving average for extra confirmation.
- Backtest each currency pair to understand its best-performing session and volatility range.
The MT4 Forex Market Hours and Awesome Indicator Strategy offers a structured and time-aware trading approach.
By aligning trades with active sessions and using momentum confirmation, traders can improve their accuracy, reduce noise, and make better short-term trading decisions.
