About the Forex Profit Supreme Filter Indicator
The Forex Profit Supreme Filter Indicator for MT4 is a trend-based filtering tool designed to improve trade timing and accuracy.
It focuses on identifying directional bias through color-coded trend bars.
By highlighting bullish and bearish conditions clearly, the indicator helps traders avoid low-quality entries.
The indicator appears in a separate Metatrader 4 chart window as a histogram made up of green and brown bars.
Green bars indicate bullish momentum, while brown bars reflect bearish pressure.
This simple visual format allows traders to react quickly and align trades with current market direction.
The Profit Supreme Filter is best used to confirm entries rather than predict reversals.
Free Download
Download the “forex-profit-supreme-filter.mq4” indicator for MT4
Key Features
- Trend-filtering indicator with color-coded histogram bars
- Green bars signal bullish market conditions
- Brown bars signal bearish market conditions
- Displayed in a separate MT4 indicator window
- Helps improve entry precision and trade selection
- Works well with trend-following strategies
Indicator Chart
The chart below shows the Forex Profit Supreme Filter Indicator displayed in a separate MT4 window.
Green histogram bars reflect bullish momentum, while brown bars highlight bearish pressure.
Guide to Trade with the Forex Profit Supreme Filter Indicator
Buy Rules
- Wait for a green trend bar to appear in the indicator window
- Open a buy trade at the start of the next candle
Sell Rules
- Wait for a brown trend bar to appear in the indicator window
- Open a sell trade at the start of the next candle
Stop Loss
- Place the stop loss a few pips below the recent swing low for buy trades
- Place the stop loss a few pips above the recent swing high for sell trades
- Adjust stop size to match market volatility
Take Profit
- Target nearby support or resistance levels
- Hold the trade while trend bars maintain the same color
- Exit when an opposite color bar appears
Practical Tips
- Use the indicator as a confirmation tool rather than a standalone system
- Combine it with a precise entry indicator for better timing
- Higher timeframes often provide more stable trend signals
- Focus on trades that align with the overall market structure
- Review past signals to understand their behavior in different markets
Forex Profit Supreme Filter + Wajdyss T3 Scalper MT4 Scalping Strategy
This MT4 scalping strategy combines the Forex Profit Supreme Filter and the Wajdyss T3 Scalper Indicator to capture short-term trading opportunities.
The Forex Profit Supreme Filter shows trend direction via colored histogram bars, while the Wajdyss T3 Scalper provides clear buy and sell signals through arrows.
This strategy works best for scalpers and intraday traders on 1-minute to 15-minute charts.
Buy Entry Rules
- Check that the histogram bars on the Forex Profit Supreme Filter are green, signaling a bullish trend.
- Wait for a green arrow from the Wajdyss T3 Scalper Indicator to confirm the buy signal.
- Enter a buy trade at the close of the candle with the green arrow.
- Set a stop loss just below the most recent swing low.
- Set take profit at a 1:1.5 risk-to-reward ratio or at the next resistance level.
Sell Entry Rules
- Check that the histogram bars on the Forex Profit Supreme Filter are brown, signaling a bearish trend.
- Wait for a red arrow from the Wajdyss T3 Scalper Indicator to confirm the sell signal.
- Enter a sell trade at the close of the candle with the red arrow.
- Set a stop loss just above the most recent swing high.
- Set take profit at a 1:1.5 risk-to-reward ratio or at the next support level.
Advantages
- Clear trend indication through colored histogram bars.
- Precise buy and sell signals reduce entry mistakes.
- Optimized for scalping, capturing small price movements quickly.
- Predefined stop loss and take profit levels help manage risk.
Drawbacks
- It may produce false signals in sideways or highly volatile markets.
- Requires constant monitoring due to fast scalping trades.
- Small pip targets require frequent execution to accumulate gains.
Case Study 1: AUD/USD M5 Chart
The histogram bars on the Forex Profit Supreme Filter were green, indicating a bullish trend.
A green arrow appeared on the Wajdyss T3 Scalper Indicator, confirming a buy.
The trade was opened at 0.6785 with a stop loss at 0.6778.
Price moved to 0.6802, hitting the take profit target in about 12 minutes.
Case Study 2: USD/JPY M5 Chart
The histogram bars on the Forex Profit Supreme Filter were brown, signaling a bearish trend.
A red arrow appeared on the Wajdyss T3 Scalper Indicator, confirming a sell.
The trade was opened at 149.25 with a stop loss at 149.38.
Price dropped to 149.02, reaching the take profit target within 15 minutes.
Strategy Tips
- Use primarily M1 to M5 charts for scalping opportunities.
- Always wait for confirmation from both indicators before entering a trade.
- Use proper risk management, including stop losses and take profits.
- Practice on a demo account before applying the strategy to live trading.
Download Now
Download the “forex-profit-supreme-filter.mq4” indicator for Metatrader 4
FAQ
Is the Profit Supreme Filter suitable for scalping?
It can be used for scalping when combined with a fast entry signal.
Lower timeframes require tighter risk management.
Does the indicator repaint its signals?
No, the histogram bars are based on closed candle data.
Once a bar is printed, it does not change.
Which markets work best with this indicator?
It works well on major Forex pairs with consistent liquidity.
Strong trends produce the most reliable signals.
Summary
The Forex Profit Supreme Filter Indicator for MT4 provides a clean and effective way to filter trades in the direction of the trend.
Its green and brown histogram bars simplify decision-making and reduce false entries.
The indicator is lightweight, easy to read, and adaptable to different trading styles.
For improved results, traders often combine it with a momentum or price action indicator.
