The Japan Forex indicator for Metatrader 4 (MT) can be used for both trade entry and exit or as an additional trend confirmation filter.
The indicator pops up in the main MT4 chart window in the form of green, red, and gray colored dots.
The Japan indicator can be used in multiple ways.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Japan.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Japan mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Japan indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Does the indicator repaint? No.
Japan Forex + Trend Lord MT4 Ultra-Short Scalping Strategy
This ultra-short scalping strategy combines the Japan Forex MT4 Indicator and the Trend Lord MT4 Indicator to help traders capture very small price movements in fast-moving markets.
The Japan Forex Indicator provides clear entry signals with a green dot for buy trades and a red dot for sell trades.
The Trend Lord Indicator confirms the trend direction with blue histogram bars for bullish trends and red bars for bearish trends.
By combining these two indicators, traders can enter trades in the direction of the trend while limiting risk through ultra-tight stop losses.
This strategy is designed specifically for M1 and M5 charts, allowing scalpers to make quick trades that target just a few pips per move.
It is ideal for traders who want high-frequency trading opportunities and are comfortable managing fast execution and rapid market changes.
Buy Entry Rules
- Confirm that the Trend Lord histogram bars are blue, indicating a bullish trend.
- Wait for the Japan Forex Indicator to display a green dot, signaling a buy.
- Enter a buy trade at the close of the signal candle.
- Set a tight stop loss 5–8 pips below the entry.
- Take profit after 3–8 pips or exit when the Trend Lord histogram turns red or the Japan Forex Indicator shows a red dot.
Sell Entry Rules
- Confirm that the Trend Lord histogram bars are red, indicating a bearish trend.
- Wait for the Japan Forex Indicator to display a red dot, signaling a sell.
- Enter a sell trade at the close of the signal candle.
- Set a tight stop loss 5–8 pips above the entry.
- Take profit after 3–8 pips or exit when the Trend Lord histogram turns blue or the Japan Forex Indicator shows a green dot.
Advantages
- Ultra-fast scalping with clear trend and entry signals.
- High-probability entries due to trend confirmation from Trend Lord.
- Low exposure because of tight stop losses.
- Suitable for traders targeting quick pip gains in M1–M5 charts.
Drawbacks
- Requires constant attention due to very short timeframes.
- Choppy or sideways markets may cause false signals.
- Frequent trading may increase spread and commission costs.
- Precision is critical; mistakes can quickly wipe out gains.
Example Case Study 1: EUR/USD (M1)
Trend Lord histogram bars are blue (bullish).
Japan Forex Indicator displays a green dot.
Buy trade entered at 1.1050, stop loss 1.1045, take profit 1.1059.
Trade captures 9 pips within minutes.
Example Case Study 2: GBP/JPY (M5)
Trend Lord histogram bars are red (bearish).
Japan Forex Indicator displays a red dot.
Sell trade entered at 151.250, stop loss 151.258, take profit 151.243.
Trade captures 7 pips quickly.
Scalping Tips
- Always trade in the direction of the Trend Lord histogram for higher probability.
- Use low-spread currency pairs to minimize costs.
- Avoid trading during major news events to prevent spikes.
- Focus on fast execution and stick to tight stop loss and take profit levels.
- Combine with support and resistance zones to refine entries and exits.
