The Forex Market Way indicator for Metatrader 4 is a reliable buy/sell tool that appears as a trend oscillator in the bottom window of the trading platform.
The indicator is lightweight and will not slow down or crash your trading platform.
Forex Market Way can be used in multiple ways; see an example below.
Buy & Sell Trade Example
- Open a buy trade as soon as the histogram bars turn back above the 0.00 level.
- Open a sell trade as soon as the histogram bars turn back below the 0.00 level.
The Forex Market Way indicator can be used for trade entries and exits or as a trend-following confirmation filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Market way.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Forex Market Way mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Market Way 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
Does the indicator repaint? No.
Forex Market Way and X Super Trend Candles Short-Term MT4 Strategy
The MT4 Forex Market Way and X Super Trend Candles Strategy is a short-term trend-following approach that combines histogram momentum with candle-based trend confirmation.
This setup is ideal for scalpers and intraday traders who want clear, actionable signals on M1, M5, and M15 charts.
By using these two indicators together, traders can enter trades when both market direction and momentum align, reducing false signals and improving trade efficiency.
The Forex Market Way Indicator shows momentum using histogram bars.
Bars above zero indicate bullish momentum, while bars below zero show bearish pressure.
The X Super Trend Candles Indicator confirms the trend visually using candle colors — green candles signal an upward trend, and red candles indicate a downward trend.
By combining these indicators, traders can filter trades and enter positions only when momentum and trend direction match.
This strategy is best suited for active market sessions, such as London and New York, where short-term volatility is high.
Buy Entry Rules
- Confirm that the Forex Market Way histogram bars are above zero, indicating bullish momentum.
- Check that the X Super Trend Candles are green, confirming a bullish trend.
- Enter a buy trade at the next candle open once both conditions are met.
- Set a stop loss 5–10 pips below the most recent swing low.
- Take profit at the next resistance level or when either the histogram turns below zero or the candles turn red.
Sell Entry Rules
- Wait until the Forex Market Way histogram bars are below zero, signaling bearish momentum.
- Confirm that the X Super Trend Candles are red, indicating a downward trend.
- Enter a sell trade at the next candle open once both conditions align.
- Place a stop loss 5–10 pips above the most recent swing high.
- Take profit at the next support level or when the histogram turns above zero or the candles turn green.
Advantages
- Clear visual signals make it easy to follow for short-term trades.
- Combines momentum and trend confirmation to reduce false entries.
- Works on multiple short-term timeframes, allowing flexibility.
- Suitable for scalping and quick intraday trading sessions.
- Helps identify strong directional moves during active sessions.
Drawbacks
- It can produce false signals during ranging or choppy markets.
- Requires fast execution and monitoring on lower timeframes.
- Not suitable for long-term trend following.
- Performance can be affected by low liquidity or high spreads.
Case Study 1: EUR/USD M1
During the London session, the Forex Market Way histogram turned above zero while the X Super Trend Candles switched to green at 1.0875.
A buy trade was entered with a stop loss at 1.0868.
Within 15 minutes, the price moved to 1.0887, generating +12 pips.
The histogram began to flatten, and candles showed intermittent red, signaling it was time to close the trade.
This example shows how short-term momentum and trend alignment create fast, profitable trades.
Case Study 2: GBP/JPY M5
In the New York session, the histogram dropped below zero, and candles turned red at 151.20, confirming bearish momentum.
A sell trade was placed with a stop loss at 151.30 and a target at 150.95.
Over the next 25 minutes, the price fell to 150.95, securing +25 pips.
The combination of histogram and candle color provided a reliable short-term trend signal, making this a successful trade setup.
Strategy Tips
- Focus on high-liquidity periods such as the London and New York sessions.
- Use lower timeframes like M1 and M5 for fast scalping opportunities.
- Avoid trading during low-volume sessions or news spikes that can create erratic candle behavior.
- Confirm momentum with the histogram before relying solely on candle colors.
- Consider using partial profit-taking during strong trends to reduce risk.
- Keep risk per trade low due to short-term volatility and tight stop-loss levels.
This strategy offers a clear, short-term approach for capturing fast intraday moves.
By combining histogram momentum with visual trend confirmation, traders can make disciplined entries and exits with improved accuracy.
