The Forex Sunrise MT4 indicator is a trend-following signal indicator that is easy to follow, even for beginners.
- A blue dotted signal line represents a buy signal.
- A red dotted signal line represents a sell signal.
It’s a typical stop and reverse forex signal indicator.
When the line changes color from red to blue, you’ll need to exit the short trade and initiate a long trade.
Conversely, when the signal lines change color from blue to red, you’ll need to exit the long trade and initiate a short trade.
It’s a bit similar to trading the Parabolic SAR indicator.
The Forex Sunrise indicator works for scalping, day trading and swing trading.
For scalping and day trading, use during the London and New York trading sessions on low spread currency pairs.
Free Download
Download the “forex-sunrise-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H4)
The EUR/USD 4-Hour chart below displays the Forex Sunrise Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Forex Sunrise MT4 indicator are easy to interpret and go as follows:
Buy Signal: Initiate a buy trade when the Forex Sunrise dotted signal line changes its color from red to blue. This is a trend reversal signal from bearish to bullish. Place a stop-loss a few pips below the blue dotted signal line.
Sell Signal: Initiate a sell trade when the Forex Sunrise dotted signal line changes its color from blue to red. This is a trend reversal signal from bullish to bearish. Place a stop-loss a few pips above the red dotted signal line.
Trade Exit: Use your own method of trade exit.
Forex Sunrise and Zero Lag MACD MT4 Strategy
This MT4 strategy combines the Forex Sunrise MT4 Indicator with the Zero Lag MACD MT4 Indicator to help traders capture shorter-term trends.
The Forex Sunrise indicator provides clear buy and sell trend signals with dotted lines, while the Zero Lag MACD confirms momentum.
This combination reduces false entries and improves accuracy on M15, M30, and H1 charts.
It is suitable for traders who want a fast-paced strategy with defined entry and exit rules.
Buy Entry Rules
- Enter a buy trade when the Forex Sunrise indicator displays a blue dotted signal line.
- Confirm the trend with the Zero Lag MACD above the zero line.
- Place the stop loss below the most recent swing low or support zone.
- Take profit can be set using one of the following methods:
- Fixed pip target, e.g., 30–50 pips on M15 or 60–80 pips on H1 charts.
- Previous minor resistance level.
- Trailing stop behind each new swing high to maximize profits during trending moves.
Sell Entry Rules
- Enter a sell trade when the Forex Sunrise indicator displays a red dotted signal line.
- Confirm the trend with the Zero Lag MACD below the zero line.
- Place the stop loss above the most recent swing high or resistance zone.
- Take profit can be set using one of the following methods:
- Fixed pip target, e.g., 30–50 pips on M15 or 60–80 pips on H1 charts.
- Previous minor support level.
- Trailing stop behind each new swing low to ride trends longer.
Advantages
- Clear trend and momentum signals for fast decision-making.
- Works well on shorter time frames with proper confirmation.
- Flexible take profit rules allow adapting to different market conditions.
- Reduces false entries by confirming trend direction with MACD.
- Simple to apply, even for beginner traders.
Drawbacks
- MACD may lag slightly at sudden reversals, requiring tighter stop management.
- Risk of small losses if trades are not managed with proper stop loss and take profit discipline.
Example Case Studies
Case Study 1: AUDUSD M30 Chart
On the AUDUSD M30 chart, the Forex Sunrise indicator displayed a blue dotted line signaling a buy.
The Zero Lag MACD confirmed momentum above zero.
The trade was entered at 0.6715, with a stop loss at 0.6690 below the recent swing low.
The take profit was set using a trailing stop, capturing 35 pips as the trend continued upward.
This shows how the strategy performs on shorter time frames while letting profits run.
Case Study 2: EURJPY H1 Chart
On the EURJPY H1 chart, a red dotted line appeared on the Forex Sunrise indicator, signaling a sell.
The Zero Lag MACD confirmed the momentum below zero.
The trade was opened at 141.20 with a stop loss at 141.75 above the recent swing high.
The take profit was set near a minor support level at 140.50, resulting in 70 pips gained.
Strategy Tips
- A blue dotted signal line on the Forex Sunrise indicator represents a buy trend. Confirm with MACD above zero before entering.
- A red dotted signal line represents a sell trend. Confirm with MACD below zero before entering a trade.
- Use shorter time frames to capture fast intraday moves, but ensure market conditions are trending.
- Trailing stops can help lock in profits during strong trends.
- Keep risk consistent and never risk more than 1-2% of your account per trade.
Download Now
Download the “forex-sunrise-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Onalert, OnEmail) 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
