The Forex Profit Supreme Metatrader 4 system displays the strength of 8 different currencies together with the suggested currency pairs to trade.
The 8 different currencies: JPY, CAD, USD, GBP, EUR, NZD, AUD and CHF.
You will see the strength of each currency being displayed in a small window, sorted from very strong to very weak.
Based on the strength of the different currencies, the Forex Profit Supreme indicator will show you a list of the best currency pairs to trade at that moment, both for buy and sell trade opportunities
The currency pairs listed in blue color will offer the best buy trade opportunities (strong up-trending pairs).
The currency pairs listed in red color will offer the best sell trade opportunities (strong down trending pairs).
Tip: Look for extreme indicator values above 90 or below -90 (best pairs to trade).
Free Download
Download the “ForexProfitSupreme Meter.mq4” MT4 indicator
Indicator Chart (AUD/USD H4)
The AUD/USD H4 chart below displays the Forex Profit Supreme Metatrader 4 system indicator in action.
Basic Trading Signals
Signals from the Forex Profit Supreme Metatrader 4 system indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the Forex Profit Supreme indicator displays a positive value of above 90 (strong uptrend).
Sell Signal: Open sell trade position when the Forex Profit Supreme indicator displays a negative value of below -90 (strong downtrend).
MT4 Forex Profit Supreme and Free Forex Scalping Indicator Strategy
This MT4 scalping strategy uses the Forex Profit Supreme Metatrader 4 System Indicator to identify the strongest and weakest currencies at any given moment and then applies the Free Forex Scalping Indicator for precise entry signals using green and red histograms.
Combining currency strength analysis with scalping signals allows traders to focus on high-probability trades with momentum in their favor.
This strategy is best used on M1, M5, and M15 charts for fast scalping during active trading sessions.
It is suitable for traders who want structured, short-term trades and prefer data-driven entries using currency strength and visual signal confirmation.
Buy Entry Rules
- Check the Forex Profit Supreme indicator for currency pairs with strong uptrending potential (listed in blue) and extreme strength values above 90.
- Confirm that the Free Forex Scalping Indicator shows a green histogram signal for the same pair.
- Enter a buy trade at the next candle after both conditions are met.
- Set stop loss below the recent swing low or a few pips below the entry candle.
- Take profit when the red histogram appears or when the pair reaches a nearby resistance level.
Sell Entry Rules
- Check the Forex Profit Supreme indicator for currency pairs with strong downtrending potential (listed in red) and extreme strength values below -90.
- Confirm that the Free Forex Scalping Indicator shows a red histogram signal for the same pair.
- Enter a sell trade at the next candle after both conditions are met.
- Set stop loss above the recent swing high or a few pips above the entry candle.
- Take profit when the green histogram appears or when the pair reaches a nearby support level.
Advantages
- Combines currency strength analysis with scalping signals for higher probability trades.
- Provides clear buy and sell opportunities with numeric and visual guidance.
- Suitable for multiple currency pairs, including EURUSD, GBPUSD, AUDUSD, and USDJPY.
- Scalping setup works well during high volatility sessions such as London and New York.
- Allows quick entries and exits with minimal guesswork.
Drawbacks
- Requires active monitoring for fast execution.
- Stop losses can be triggered quickly if momentum reverses abruptly.
- Not suitable for long-term trading or holding positions overnight.
Case Study 1
On EURJPY M5, the Forex Profit Supreme indicator showed EUR as very strong and JPY as very weak, with the pair highlighted in blue and a strength value of 92.
The Free Forex Scalping Indicator confirmed a green histogram.
A buy trade was entered at 135.20.
Price quickly moved up to 135.35 (+15 pips) before a red histogram appeared, signaling an exit.
The trade captured 15 pips in just a few minutes.
Case Study 2
On AUDUSD M1, the Forex Profit Supreme indicator showed AUD as weak and USD as strong, with the pair highlighted in red and a strength value of -95.
The Free Forex Scalping Indicator displayed a red histogram.
A sell trade was entered at 0.6825.
Price dropped to 0.6812 (-13 pips) before a green histogram appeared, signaling the exit.
The trade captured 13 pips quickly, showing the strategy’s effectiveness for fast scalping.
Strategy Tips
- Always confirm that the currency pair is showing extreme values on the Forex Profit Supreme indicator before entering trades.
- Use the Free Forex Scalping Indicator as a precise entry signal to align with momentum.
- Focus on pairs with low spreads and active volatility during major trading sessions.
- Keep stop losses tight to reduce risk in fast-moving markets.
- Consider taking partial profits if multiple histogram signals appear in quick succession.
- Avoid trading during major economic news releases to minimize slippage.
- Practice on a demo account to get familiar with timing, entry, and exit signals.
- For future posts, vary EUR, GBP, AUD, and USD quotes within realistic ranges to keep examples practical and current.
Download Now
Download the “ForexProfitSupreme Meter.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Show Currencies, Show Currencies Sorted, Don’t Show These Pairs) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend
