The grid round numbers indicator for MT4 draws a grid at round numbers.
For example, at 1.100, 1.1150, 1.1200, 1.1250, and so on.
Why might this be a useful Forex trading indicator?
- Some traders place a stop loss near round numbers
- Usually above the round number for sells and below the round number for buys.
- Some traders choose to close open trades at or near round numbers
You can change the grid space, for example, if you input 50, the indicator will draw the round number line at every 50 pips.
The line color and style can also be modified from the indicator’s input settings.
Free Download
Download the “Grid Round Numbers.ex4” MT4 indicator
Indicator Chart (EUR/USD M30)
The EUR/USD 30-minute chart below displays the Grid Round Numbers Metatrader 4 forex indicator in action.
Basic Trading Signals
There are no signals from the Grid Round Numbers MT4 indicator.
You’ll need to combine the Round Numbers indicator with other Forex indicators to develop a complete trading system solution.
Example: for short-term trading, you could combine it with this scalping indicator.
For day trading and swing trading currency pairs, use this indicator together with the Trading Signals Forex MT4 indicator.
Traders reported good results with the Channels Trading Signal indicator for Metatrader 4.
Grid Round Numbers + Super Half Trend Forex Strategy
This strategy combines the Grid Round Numbers MT4 Indicator and the Super Half Trend MT4 Indicator for structured trend-based trading.
The Grid Round Numbers indicator draws horizontal lines on major round numbers, acting as natural support and resistance levels where price often reacts.
The Super Half Trend indicator provides entry signals with blue arrows for buy trades and red arrows for sell trades.
By combining these indicators, traders can enter trades in the direction of the trend while respecting key psychological price levels.
This strategy works well on M15, M30, and H1 charts, making it suitable for day trading and swing trading on major currency pairs.
Buy Entry Rules
- Price must be approaching or slightly above a round number support level from the Grid Round Numbers indicator.
- Super Half Trend prints a blue arrow, signaling a buy.
- Enter long at the close of the blue arrow candle.
- Stop loss placed below the nearest round number line or recent swing low.
- Take profit options:
- Fixed target: 25–50 pips depending on timeframe (M15: 25–35, M30: 35–50, H1: 50+).
- Exit if the Super Half Trend arrow changes color from blue to red.
- Partial exit: secure half profits at the first target, hold the rest until arrow reversal.
Sell Entry Rules
- Price must be approaching or slightly below a round-number resistance level.
- Super Half Trend prints a red arrow, signaling a sell.
- Enter short at the close of the red arrow candle.
- Stop loss placed above the nearest round number line or recent swing high.
- Take profit options:
- Fixed target: 25–50 pips depending on timeframe (M15: 25–35, M30: 35–50, H1: 50+).
- Exit if the Super Half Trend arrow changes from red to blue.
- Partial exit: secure half profits at first target, hold the rest until arrow reversal.
Advantages
- Combines trend-following signals with psychological support/resistance levels.
- Clear visual cues make it easy to identify high-probability setups.
- Works across multiple timeframes for flexible trading.
- The partial exit option allows better risk management.
- Suitable for day trading and swing trading on major pairs.
Drawbacks
- Round number reactions may fail in strong trending markets.
- False Super Half Trend arrows can occur in sideways markets.
- Requires monitoring the price near round numbers for optimal entries.
Example Case Study 1: EUR/USD on M15
EUR/USD approached the 1.1000 round number, acting as support.
The Super Half Trend indicator printed a blue arrow, signaling a buy.
A long trade was entered at the candle close with a stop just below 1.1000.
Price moved higher and hit a 30-pip take-profit target.
The trade could have been held longer using the arrow reversal exit rule, which would have captured an additional 10 pips.
Example Case Study 2: GBP/JPY on H1
GBP/JPY approached the 172.50 round number resistance.
The Super Half Trend indicator showed a red arrow, signaling a sell.
A short trade was placed with a stop above the 172.50 level.
The pair moved lower, hitting a 55-pip target before the arrow reversed from red to blue, closing the remaining position.
Strategy Tips
- Only take trades when the price is near a round number and the arrow signal confirms direction.
- Use partial exits to lock in profits while allowing the trend to continue.
- Avoid trading exactly at round numbers during news events to reduce the risk of spikes.
- Monitor volatility to adjust stop-loss distance appropriately around round numbers.
Download Now
Download the “Grid Round Numbers.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (grid space) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: overlay
