About the Golden Variety Forex Signals Indicator
The Golden Variety Forex Signals indicator for MT4 provides clear and precise buy and sell signals on any currency pair.
It appears in a separate chart window as colored trend bars and directional arrows.
The blue up arrow indicates a buy signal, while the orange down arrow indicates a sell signal.
Traders can use it for scalping, day trading, or swing trading.
It can also act as a confirmation tool for other strategies by aligning trades with the longer-term trend.
The combination of arrows and colored bars makes it simple to follow market direction.
Free Download
Download the “Golden Tendency String V2.ex4” indicator for MT4
Key Features
- Easy-to-read buy and sell arrows
- Colored trend bars showing momentum
- Works on all MT4 timeframes and currency pairs
- Can be used alone or as a confirmation tool
- Aligns trades with longer-term trends
Indicator Chart
The chart shows the Golden Variety Forex Signals indicator on an MT4 chart.
Blue arrows indicate buy opportunities, and orange arrows indicate sell opportunities.
The colored trend bars provide visual confirmation of market momentum.
Traders can follow the arrows and bars to time entries and exits effectively.
Guide to Trade with Golden Variety Indicator
Buy Rules
- Open a buy trade when a blue up arrow appears
- Confirm that the trend bars support upward momentum
- Trade in agreement with the longer-term trend for higher accuracy
Sell Rules
- Open a sell trade when an orange down arrow appears
- Confirm that the trend bars support downward momentum
- Trade in agreement with the longer-term trend for higher accuracy
Stop Loss
- For buy trades, set the stop slightly below the previous swing low
- For sell trades, set the stop slightly above the previous swing high
Take Profit
- Close trades when an opposite arrow appears
- Take partial profits at nearby support or resistance levels
- Use trailing stops to capture extended trends
Practical Tips
- Only take trades in the direction of the arrows
- Check that trend bars confirm the momentum
- Use higher timeframes to confirm the main trend
- Avoid trading when arrows appear frequently in sideways markets
- Combine with support/resistance levels for safer entries
- Adjust trade size according to market volatility
Golden Variety Indicator + Zero Lag Moving Average Scalping MT4 Strategy
This MT4 scalping strategy combines the Golden Variety Forex Signals Indicator with the Zero Lag Moving Average Indicator.
The Golden Variety indicator provides clear buy and sell signals through blue and orange arrows.
The Zero Lag Moving Average defines the trend: price above the MA indicates a bullish trend, price below indicates a bearish trend.
Combining these two gives precise scalping opportunities aligned with the market trend.
This strategy works best on 1-minute to 15-minute charts and is ideal for major currency pairs such as EUR/USD, AUD/USD, and GBP/USD.
Why this combo works
The Golden Variety indicator gives immediate entry signals, while the Zero Lag MA confirms the prevailing trend.
Waiting for both indicators to align filters false signals and increases the probability of profitable scalps.
Buy Entry Rules
- The Golden Variety indicator shows a blue arrow (buy signal).
- Zero Lag Moving Average is below the price, confirming a bullish trend.
- Enter at the close of the candle, confirming the blue arrow.
- Stop loss: place 6–12 pips below the recent swing low.
- Take profit: 10–25 pips depending on pair volatility and timeframe.
Sell Entry Rules
- The Golden Variety indicator shows an orange arrow (sell signal).
- Zero Lag Moving Average is above the price, confirming a bearish trend.
- Enter at the close of the candle, confirming the orange arrow.
- Stop loss: place 6–12 pips above the recent swing high.
- Take profit: 10–25 pips depending on pair volatility and timeframe.
Advantages
- Clear arrow-based entries aligned with the trend.
- Works on multiple timeframes for scalping or short intraday trades.
- Helps traders quickly identify trend-aligned entry points.
Drawbacks
- Less effective in strong trending markets without retracements.
- Scalping costs can add up with higher spreads or commissions.
Example Case Study 1 — GBP/JPY, 5-Minute
Timeframe: 5M. Pair: GBP/JPY. Session: London open.
The Golden Variety indicator displayed a blue arrow. Zero Lag MA confirmed a bullish trend.
Entry: 156.25. Stop loss: 156.10 (15 pips). Take profit: 156.50 (25 pips).
Trade closed successfully with +25 pips.
Example Case Study 2 — AUD/USD, 1-Minute
Timeframe: 1M. Pair: AUD/USD. Session: New York overlap. The Golden Variety indicator displayed an orange arrow.
Zero Lag MA confirmed a bearish trend.
Entry: 0.6840. Stop loss: 0.6848 (8 pips). Take profit: 0.6825 (15 pips).
Trade closed at target for +15 pips.
Strategy Tips
- Trade during active market sessions for better liquidity.
- Use additional confirmations or price action for better accuracy.
- Backtest different pairs and sessions to optimize take profit targets.
- Maintain disciplined risk management and small lot sizes.
Download Now
Download the “Golden Tendency String V2.ex4” indicator for Metatrader 4
FAQ
Can I trade using only the arrows?
Yes. The arrows provide clear buy and sell signals, but trend confirmation improves accuracy.
Do the buy/sell arrows repaint?
No. Once an arrow appears, it stays fixed and reliable for live trading and backtesting.
Which timeframe is best for this indicator?
It works on all timeframes. Scalpers can use M1–M15, while H1–H4 are suitable for day or swing trading.
Summary
The Golden Variety Forex Signals indicator for MT4 provides precise buy and sell arrows along with colored trend bars to guide entries and exits.
It simplifies trading decisions while helping traders follow momentum and trend direction.
Used alone or with other indicators, it is effective for scalping, day trading, and swing trading across all currency pairs.
Following the arrows and trend bars in alignment with the longer-term trend increases accuracy and confidence.
