The Forex OFF Trend indicator for mt4 (Metatrader 4) can be categorized as a crossover trading system composed of two signal lines.
The indicator pops up in the main MT4 chart window as a blue & red colored signal line.
Buy & Sell Trade Example
- A buy signal occurs whenever the red signal line crosses the blue signal line bottom-up.
- A sell signal occurs whenever the red signal line crosses the blue signal line top-down.
The Forex OFF Trend indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “ForexOFFTrend.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Forex OFF Trend 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 OFF Trend 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 Off Trend + Accelerated Moving Average MT4 Strategy
This MT4 trading strategy combines the Forex Off Trend Indicator with the Accelerated Moving Average Indicator.
The Off Trend Indicator gives clear buy and sell signals when its red and blue lines cross.
A buy is triggered when the red line crosses the blue line from below, while a sell is triggered when the red line crosses from above.
To confirm the strength of these signals, the Accelerated Moving Average is used: price above the moving average indicates a bullish trend, and price below it signals a bearish trend.
This combination helps traders filter out weak entries and capture stronger moves.
Buy Entry Rules
- Wait for the red line of the Off Trend Indicator to cross above the blue line.
- Confirm that the price is trading above the Accelerated Moving Average.
- Enter a buy trade at the close of the confirming candle.
- Set stop loss below the recent swing low.
- Target 10–20 pips for M1–M5 charts, or 30–50 pips for M15–H1 charts.
Sell Entry Rules
- Wait for the red line of the Off Trend Indicator to cross below the blue line.
- Confirm that the price is trading below the Accelerated Moving Average.
- Enter a sell trade at the close of the confirming candle.
- Set stop loss above the recent swing high.
- Target 10–20 pips for M1–M5 charts, or 30–50 pips for M15–H1 charts.
Advantages
- Clear crossover signals with easy-to-follow confirmations.
- Filters false signals by checking price against the moving average.
- Works well across multiple intraday timeframes.
- Helps traders capture short bursts of momentum for consistent scalps.
Drawbacks
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- Crossover signals may lag in very fast-moving markets.
- Sideways price action can generate false signals and whipsaws.
- Frequent trades on lower timeframes may increase transaction costs.
- Requires discipline to avoid early entries before full confirmation.
Example Case Studies
Case Study 1: EUR/USD M15 Buy
The Off Trend Indicator showed a red line crossing above the blue line at 1.0945.
Price was already trading above the Accelerated Moving Average, confirming a bullish bias.
Entered a buy at 1.0946 with a stop loss at 1.0930 and take profit at 1.0970.
The trade reached the target within one hour for a gain of 24 pips.
Case Study 2: USD/JPY M30 Sell
The Off Trend Indicator showed a red line crossing below the blue line at 149.20.
Price was below the Accelerated Moving Average, confirming bearish direction.
Entered a sell at 149.18 with a stop loss at 149.45 and a take profit at 148.75.
Price moved down steadily, hitting the 43-pip target within two hours.
Strategy Tips
- Best used during London and New York trading sessions when volatility is higher.
- For quick scalps, stick to M1–M5 timeframes with tighter stop losses.
- For intraday swings, M15–H1 charts provide stronger signals with larger pip targets.
- Avoid trading around high-impact economic news to reduce the risk of false signals.
- Always backtest and practice on a demo before applying to a live account.
