About the Half Trend 1.02 with Arrows Indicator
The Half Trend 1.02 with Arrows indicator for MT4 is a trend-following tool that simplifies market timing by showing directional arrows directly on the chart.
It’s an upgraded version of the classic HalfTrend, designed to reduce lag and highlight turning points more accurately.
Blue arrows indicate potential buying opportunities, while magenta arrows suggest selling points.
The indicator works across all currency pairs and timeframes, making it flexible for scalping, day trading, or swing strategies.
It can also be combined with other momentum or trend indicators for enhanced confirmation.
Free Download
Download the “HalfTrend-1.02.mq4” indicator for MT4
Key Features
- Displays intuitive magenta and blue arrows on the chart
- Improved HalfTrend algorithm for quicker signals
- Helps identify trend changes and potential reversals
- Compatible with all MT4 currency pairs and timeframes
- Beginner-friendly and works out of the box
- Can be combined with other indicators to improve trade accuracy
Indicator Chart
The chart shows the Half Trend 1.02 with Arrows indicator in action.
Blue arrows mark potential long entries, while magenta arrows highlight potential shorts.
Traders can use these arrows to time entries and exits with minimal guesswork, while observing overall trend direction.
Guide to Trade with Half Trend 1.02 with Arrows
Buy Rules
- Enter a buy trade when a blue arrow appears
- Confirm trend direction with other indicators or price action
- Exit or reverse if a magenta arrow forms
Sell Rules
- Enter a sell trade when a magenta arrow appears
- Confirm trend direction using other tools or support/resistance levels
- Exit or reverse if a blue arrow forms
Stop Loss
- Trail a stop below the last swing low for buys
- Trail a stop above the last swing high for sells
- Widen stops in volatile sessions, tighten in calm markets
- Use ATR-based stops to account for market noise
Take Profit
- Close trades when an opposite arrow appears
- Consider trailing stops during strong trending moves
Practical Tips
- Trade in the arrow direction, but confirm with other indicators
- Wait for arrow confirmation after candle closes
- Track higher timeframe trends for additional confirmation
Scalping Strategy: HalfTrend 1.02 with Arrows + XP Points Forex Scalper for MT4
This scalping strategy combines the HalfTrend 1.02 with Arrows Indicator and the XP Points Forex Scalper Indicator to identify short-term, high-probability trades.
The HalfTrend indicator signals trend direction with blue (buy) and magenta (sell) arrows, while the XP Points Scalper provides fast confirmation of entry points.
This strategy is ideal for 1-minute to 5-minute charts and active intraday scalpers.
Buy Entry Rules
- Wait for a blue arrow from the HalfTrend 1.02 indicator, signaling a bullish trend.
- Confirm with a blue arrow from the XP Points Scalper indicator, indicating a buy signal.
- Enter a buy trade at the close of the candle that confirms both conditions.
- Set the stop loss just below the most recent swing low or a nearby support level.
- Set the take profit at a 1:1.5 reward-to-risk ratio, or exit when the HalfTrend indicator shows a magenta arrow.
Sell Entry Rules
- Wait for a magenta arrow from the HalfTrend 1.02 indicator, signaling a bearish trend.
- Confirm with a red arrow from the XP Points Scalper indicator, indicating a sell signal.
- Enter a sell trade at the close of the candle that confirms both conditions.
- Set the stop loss just above the most recent swing high or a nearby resistance level.
- Set the take profit at a 1:1.5 reward-to-risk ratio, or exit when the HalfTrend indicator shows a blue arrow.
Advantages
- Clear signals for trend direction and entry points.
- Non-repainting indicators, ensuring past signals remain valid.
- Works on multiple currency pairs and short timeframes.
- Combines trend-following and scalping signals for higher probability trades.
Drawbacks
- Requires constant attention and quick execution due to the scalping nature.
- Spread and slippage may reduce profitability, especially on short timeframes.
- Performance may vary across different currency pairs.
- Multiple signals in a short period may lead to overtrading.
Case Study 1
On the EUR/USD 1-minute chart, a blue arrow from HalfTrend appeared, confirmed by a blue arrow from the XP Points Scalper.
A buy trade was entered at 1.1850 with a stop loss at 1.1840 and a take profit at 1.1865.
The trade reached the take profit in 10 minutes, yielding a 15-pip gain.
Case Study 2
On the GBP/USD 5-minute chart, a magenta arrow from HalfTrend appeared, confirmed by a red arrow from XP Points Scalper.
A sell trade was entered at 1.3500 with a stop loss at 1.3520 and a take profit at 1.3480.
The trade reached take profit in 15 minutes, resulting in a 20-pip gain.
Strategy Tips
- Trade during high-liquidity sessions, such as London and New York overlaps.
- Focus on currency pairs with tight spreads, like EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
- Use a higher timeframe (5-min or 15-min) to confirm the overall trend direction.
- Use a trailing stop to secure profits during strong trends.
- Avoid trading during high-impact news events to reduce the risk of stop-outs.
Download Now
Download the “HalfTrend-1.02.mq4” indicator for Metatrader 4
FAQ
How fast does it respond to market changes?
The upgraded HalfTrend algorithm reacts quickly to trend shifts while filtering minor market noise, making signals timely but reliable.
Can I use it for breakout trading?
Yes. Arrows often appear near key breakout points. Combine with support/resistance or volatility indicators for confirmation.
Does it work in sideways markets?
It can, but signals may be less accurate during low-trend, choppy periods. Consider waiting for clear directional movement before entering.
Which settings affect arrow sensitivity?
You can adjust the trend period or smoothing options in the indicator to make it more or less sensitive to price swings.
Is it suitable for automated strategies?
Yes. The arrow signals can be used with expert advisors (EAs) for semi-automated or fully automated trading setups.
Summary
The Half Trend 1.02 with Arrows indicator for MT4 makes trend following straightforward by showing directional arrows directly on the chart.
It highlights potential buy and sell points, helping traders enter and exit with confidence.
Flexible across all pairs and timeframes, this upgraded HalfTrend version is ideal for scalping, day trading, or swing strategies.
Combined with other indicators, it improves trade timing and reduces guesswork in volatile markets.
