The Forex Mass Profits EURUSD indicator for Metatrader 4 was developed for the EUR/USD currency pair and provides profitable trading signals.
The indicator gets displayed in the main MT4 chart window as green and red colored signal arrows.
Naturally, feel free to test the indicator on other currency pairs as well. It will work!
Buy & Sell Trade Example
- A green arrow is a buy signal.
- A red arrow is a sell signal.
- Reverse the open position whenever an opposite signal appears on the chart.
The Forex Mass Profits EUR/USD 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 Mass Profits EURUSD.ex4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Forex Mass Profits EURUSD 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 Mass Profits EURUSD 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.
MT4 Day Trading Strategy: Forex Mass Profits EUR/USD + Laguerre Filter Signal
This strategy combines the Forex Mass Profits EUR/USD Indicator and the Laguerre Filter Signal Indicator to capture high-probability intraday trades.
The Forex Mass Profits Indicator provides green arrows for buy signals and red arrows for sell signals.
The Laguerre Filter Signal confirms the trend: price above the purple Laguerre line indicates a bullish trend, while price below signals a bearish trend.
This strategy is best suited for 15-minute to 1-hour charts for day traders.
Buy Entry Rules
- Wait for a green arrow from the Forex Mass Profits EUR/USD Indicator.
- Confirm the trend is bullish with the price above the purple Laguerre line.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the most recent swing low or a nearby support level.
- Set take profit at a 1:2 reward-to-risk ratio, or exit if a red arrow appears or price moves below the Laguerre line.
Sell Entry Rules
- Wait for a red arrow from the Forex Mass Profits EUR/USD Indicator.
- Confirm the trend is bearish with the price below the purple Laguerre line.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the most recent swing high or a nearby resistance level.
- Set take profit at a 1:2 reward-to-risk ratio, or exit if a green arrow appears or price moves above the Laguerre line.
Advantages
- Combines precise entry signals with trend confirmation for higher probability trades.
- Helps avoid entering against the prevailing trend.
- Non-repainting indicators provide reliable signals for intraday trading.
- Effective on multiple timeframes for intraday trading flexibility.
- Works on other pairs too.
Drawbacks
- Signals may lag slightly in fast-moving market conditions.
- Overtrading may occur if multiple signals appear in quick succession.
Case Study 1
On the EUR/USD 30-minute chart, a green arrow from Forex Mass Profits appeared while the price was above the purple Laguerre line.
A buy trade was entered at 1.1875, with a stop loss at 1.1860 and a take profit at 1.1905.
The trade reached the take profit target within 2 hours, yielding a 30-pip gain.
Case Study 2
On the EUR/USD 1-hour chart, a red arrow appeared from Forex Mass Profits while the price was below the purple Laguerre line.
A sell trade was entered at 1.1920, with a stop loss at 1.1940 and a take profit at 1.1880.
The trade reached the take profit target in 3 hours, capturing a 40-pip gain.
Strategy Tips
- Use trailing stops to lock in profits as the trade moves in your favor.
- Limit the number of trades per day to prevent overtrading and fatigue.
- Keep a trading journal to track performance, identify the most profitable setups, and refine your entries.
- Wait for both indicators to fully confirm the signal before entering a trade to reduce false entries.
- Adjust stop loss and take profit levels according to market volatility and the specific currency pair.
- Practice on a demo account first to familiarize yourself with timing and execution before trading live.
Download Now
Download the “Forex Mass Profits EURUSD.ex4” indicator for Metatrader 4
