KI Forex Signals is a free mt4 (Metatrader 4) indicator that displays precise buy & sell arrow signals in the main chart.
The indicator can be used as a standalone trading tool for both trade entry and exit, or as an additional filter that works together with an existing strategy or system of your preference.
Buy & Sell Trade Example
- A blue arrow represents a buy signal.
- A magenta arrow represents a sell signal.
- Reverse the open trade whenever an opposite signal arrow appears on the chart.
For scalping the lower time frames, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Ki signals.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the KI Forex Signals mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the KI Forex Signals 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: Signals
Does the indicator repaint? No.
KI Signals + Zero Lag MACD MT4 Scalping Strategy
This scalping strategy combines the KI Forex Signals Indicator with the Zero Lag MACD Indicator for MetaTrader 4.
The KI Forex Signals Indicator provides clear buy and sell signals using colored arrows—blue for buy and magenta for sell.
The Zero Lag MACD confirms trend direction through its histogram: above zero indicates bullish momentum, while below zero indicates bearish momentum.
This combination allows traders to scalp short-term price movements effectively.
The strategy works best on M1 and M5 charts and major pairs such as EUR/JPY, GBP/USD, USD/CAD, AUD/USD, and NZD/USD.
Buy Entry Rules
- Ensure the Zero Lag MACD histogram is above zero, indicating a bullish trend.
- Wait for the KI Forex Signals Indicator to display a blue arrow, signaling a buy opportunity.
- Enter a buy trade at the current market price.
- Place a tight stop loss below the recent swing low or minor support level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Sell Entry Rules
- Ensure the Zero Lag MACD histogram is below zero, indicating a bearish trend.
- Wait for the KI Forex Signals Indicator to display a magenta arrow, signaling a sell opportunity.
- Enter a sell trade at the current market price.
- Place a tight stop loss above the recent swing high or minor resistance level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Advantages
- Combines precise arrow signals with trend confirmation for high-probability entries.
- Works well for fast scalping on short timeframes.
- Clear visual cues make it beginner-friendly.
- Applicable to multiple currency pairs for flexible trading opportunities.
Drawbacks
- Signals may be less reliable during sideways or low-volatility markets.
- Fast spikes or news events can trigger stop losses prematurely.
- Requires active monitoring due to the rapid nature of scalping trades.
- Multiple signals in choppy conditions may lead to overtrading.
- May provide delayed entries if the histogram changes trend slightly before arrow signals appear.
Example Case Studies
Case Study 1 – EUR/JPY M1
The Zero Lag MACD histogram was above zero, confirming bullish momentum.
A blue arrow appeared on the KI Forex Signals Indicator, signaling a buy.
A trade was entered at 145.25, with a stop loss at 145.18 and a take profit at 145.35.
The price moved favorably, reaching the target in 8 minutes for a 10-pip gain.
Case Study 2 – AUD/USD M5
The Zero Lag MACD histogram turned below zero, signaling bearish momentum.
A magenta arrow appeared on the KI Forex Signals Indicator, confirming a sell.
A trade was entered at 0.6645 with a stop loss at 0.6652 and a take profit at 0.6635.
The market moved downward as expected, reaching the target within 20 minutes for a 10-pip gain.
Strategy Tips
- Always trade in the direction of the Zero Lag MACD histogram to filter out counter-trend signals.
- Focus on high-liquidity pairs like EUR/JPY, GBP/USD, USD/CAD, AUD/USD, and NZD/USD for better execution.
- Use M1 and M5 charts for scalping and adjust the take profit based on current volatility.
- Avoid trading during major economic news releases to reduce the risk of sudden price spikes.
- Consider taking partial profits when the price reaches 50–70% of the expected move, then let the remainder run for maximum gain.
- Combine with minor support and resistance levels for better stop loss and take profit placement.
